GC Financial Advisors Ltd Banner
GC Financial Advisors Ltd Logo

Financial Planning Company – Fort Sheridan, IL

The most common misconception regarding financial planning is that it is centered on investing. Needless to say investing is a part of financial planning as you should make intelligent investment choices, but there is a lot more to it. Financial Planning is the method of creating strategies to help you take care of your financial affairs efficiently and meet financial targets. It's a holistic method that can help you make smarter decisions by turning vague goals into concrete plans, providing a guide for action. Having a financial plan - and sticking to it - will give you a real edge when it comes to planning your retirement and other long-term financial and life goals.

Financial Planning For the Future - Fort Sheridan, IL

Frequently people say that they are saving for retirement or saving for their child's schooling. They seem like distinct goals, but they're really quite vague. Financial planning can discover the important numbers - How much should you save and by when? If you are not sure whether or not you will have enough to live on post-retirement, it can create stress and anxiety. But once you know what you should do and that you are following the financial plan, it provides peace of mind and confidence. When your situation changes from single to married, from renting to buying a house, having kids or caring for aging mothers and fathers, financial planning will help you make better-informed choices.

Certified Financial Planner - Fort Sheridan, IL

Most people do not have limitless resources. In such a scenario, Financial Planning through a Certified Financial Planner can offer advice on how best to make educated options and prudently use the limited resources for reaching financial freedom. Say, if you have identified retirement and funding your son or daughter's education as your financial targets, but you only have Rs. 1,000 extra each year to achieve these goals, a Certified Financial Planner will help you choose among your priorities. Whatever you decide, you will have the peace of mind of knowing that a professional has reviewed your situation and that you're doing something positive for your financial situation. Financial planning provides a map with an action plan that - if followed faithfully - will take you where you want to go financially.

Missing the big picture is a problem seen all too often with clients. If you're devoted to the near-term rather than on much wider long-term implications, then you may wind up impairing the accumulation of wealth. For instance, depending on pre-tax returns for financial decision-making rather than knowing that different types of investments are subject to differing tax rates might be harmful for your financial wellness. A Certified Financial Planner will make you understand that the type of investment you choose affects the after-tax return. Remember, it isn't about the returns an investment creates; it comes down to the net income that comes in your hand. Lots of you fail to realize the delayed tax implications on the future nest eggs. It is pre-tax returns you're concerned about and you fail to realize that there will be a drag on the ultimate amount of cash you'll have because of the tax liability which is awaiting you.

Impact of Financial Planning - Fort Sheridan, IL

The impact of sound financial planning on overall financial well-being is multifold and also multidimensional. Actually if you think of your financial life as a flywheel, with financial planning as the heart, each one of the different aspects of your financial life - like purchasing a home, saving for retirement, planning for children's education, owning your ideal car, debt management and so on - are spokes on the wheel. Once you start to make progress along every one of those spokes, you'll start to gain traction overall, and you'll see your ability to understand your financial targets really start to take off. Additionally, everyone knows that one of the greatest sources of stress and conflict in relationships is cash. Individuals and also families who have planned out a financial path enjoy greater well-being, worry less, sleep better and have vibrant relationships.

Financial Planning can be a life process. Essentially, you need to meet a financial planner as soon as possible in your lifetime and generate a long-term relationship. Then meet regularly to review the Financial Plan to make sure you're on track.

For more info, please don't hesitate to contact us at any time and we'll be happy to help you!

Areas We Serve

Proudly Serving:

Arlington Heights - Aurora - Batavia - Bolingbrook - Bloomingdale - Buffalo Grove - Chicago - Cicero - Deerfield - Des Plaines - Dupage County - Elgin - Elmhurst - Evanston - Geneva - Highland Park - Lockport - Lombard - Naperville - New Lenox - North Barrington - Northbrook - Oak Lawn - Orland Park - Plainfield - Romeoville - Schaumburg - Wheaton

GC Financial Advisors service area map