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Financial Planning Company – Glenview

The most popular misconception regarding financial planning is that it is all about investing. Needless to say investing is a part of financial planning as you should make wise investment decisions, but there is much more to it. Financial Planning is the process of creating strategies to help you control your financial affairs efficiently and meet financial goals. It is a holistic method that can help you make smarter decisions by turning vague targets into concrete strategies, supplying a guide for action. Having a financial plan - and sticking with it - will give you a real edge when it comes to planning your retirement along with other long-term financial and life goals.

Retirement Planning/Children's Education Funds - Glenview

Often people say that they are saving for retirement or saving for their child's education. They sound like precise goals, however they are really quite vague. Financial planning can find the important numbers - How much should you save and also by when? If you're not sure whether 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 assurance. Whenever 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 decisions.

Certified Financial Planner - Glenview

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

Missing the big picture is an issue seen too often with clients. If you're focused on the near-term rather than on much wider long-term implications, then you might wind up impairing the build up of wealth. For instance, depending on pre-tax returns for financial decision-making rather than knowing that various kinds of investments are subject to differing tax rates might be damaging for your financial wellness. A Certified Financial Planner can 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's about the net income that comes in your hand. Many of you do not realize the delayed tax implications on the potential nest eggs. It is pre-tax returns you are concerned with and you do not realize that there will be a drag on the ultimate amount of money you will have because of the tax liability which is waiting for you.

Impact of Financial Planning - Glenview

The impact of sound financial planning on over-all financial well-being is multifold and also multidimensional. In fact if you think of your financial life as a flywheel, with financial planning as the heart, each of the various elements of your financial life - like buying a home, saving for retirement, planning for your children's education, owning your dream car, debt management etc - are spokes to the wheel. Once you start to make progress along every one of those spokes, you will begin to gain traction all round, and you'll see your ability to realize your financial goals really start to take off. Additionally, everyone knows that one of the greatest sources of stress and conflict in relationships is money. Individuals and also families who have mapped out a financial path enjoy greater well-being, worry less, sleep much better and have strong relationships.

Financial Planning can be a life process. Preferably, 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 the right track.

For more details, please don't hesitate to contact us at any time and we'll be glad 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

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