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Financial Planning Company – Lansing

The most prevalent misconception regarding financial planning is that it is all about investing. Needless to say investing is a part of financial planning as one should make intelligent investment decisions, but there's so much more to it. Financial Planning is the process of creating strategies to help you control your financial affairs efficiently and meet financial targets. It is a holistic process that can help you make better decisions by turning vague goals into concrete plans, supplying a map for action. Having a financial plan - and sticking with it - provides you with a real advantage when it comes to planning your retirement along with other long-term financial and life goals.

Retirement Planning and Funding Your Child's Education - Lansing

Frequently individuals say that they are saving for retirement or saving for their child's education. They could be seen as specific goals, but they're really quite vague. Financial planning can find the important numbers - How much do you need to save and also by when? If you're not sure whether you will have enough to live on post-retirement, it can create anxiety. But once you know what you should do and that you are following the financial plan, it provides peace of mind and self-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 can help you make better-informed decisions.

Certified Financial Planner - Lansing

Most people do not have unlimited resources. In such a scenario, Financial Planning through a Certified Financial Planner can provide advice on how best to make educated options and prudently use the restricted resources for reaching financial freedom. Say, if you have identified retirement and funding your child's education as your financial targets, but you only have Rs. 1,000 extra each and every year to achieve these goals, a Certified Financial Planner can help you choose among your priorities. Whatever you decide, you will have the secure feeling of knowing that a professional has reviewed your needs and that you are doing something positive for your financial situation. Financial planning offers a map with an action plan that - if followed faithfully - will take you where you want to go fiscally.

Missing the big picture is an issue seen all too often with clients. If you're centered on the near-term rather than on broader long-term implications, then you might end up impairing the accumulation of wealth. For example, counting on pre-tax returns for financial decision-making rather than knowing that different types of investments are subject to differing tax rates might be damaging for your financial well-being. A Certified Financial Planner can make you understand that the kind of investment you choose has an effect on the after-tax return. Keep in mind, it's not about the returns an investment generates; it's about the net income that comes in your hand. Lots of you fail to realize the delayed tax implications on the foreseeable future nest eggs. It is pre-tax returns you are concerned with and you fail to realize that there will be a drag on the ultimate amount of money you'll have because of the tax liability that's awaiting you.

Impact of Financial Planning - Lansing

The impact of sound financial planning on overall 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 center, each one of the various aspects of your financial life - like buying a home, saving for retirement, planning for children's education, owning your favorite luxury car, debt management and so on - are spokes to the wheel. Once you start to make progress along each one of those spokes, you'll begin to gain traction all round, and you will see your ability to understand your financial targets really begin to take off. Further, we all know that one of the greatest causes of stress and conflict in relationships is cash. Individuals and also families who've mapped out a financial path appreciate greater well-being, fret less, sleep much better and have vibrant relationships.

Financial Planning is a life process. Ideally, you need to meet a financial planner as soon as possible in your life and begin a long-term relationship. Then meet frequently to review the Financial Plan to make sure you are on the right track.

For more details, please do not hesitate to contact us at any time and we will 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

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