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Financial Planning Company – Lemont, Illinois

The most common misconception regarding financial planning is that it is centered on investing. Of course investing is a part of financial planning as one should make smart investment decisions, but there is so much more to it. Financial Planning is the process of creating strategies to help you take care of your financial affairs effectively and meet financial goals. It's a holistic process that can help you make better decisions by turning vague targets into concrete strategies, providing a road map for action. Having a financial plan - and sticking to it - gives you a real advantage with regards to planning your retirement and also other long-term financial and life goals.

Retirement Planning and Funding Your Child's Education - Lemont, Illinois

Often people say that they're saving for retirement or saving for their children's schooling. They seem like specific goals, but they're really quite vague. Financial planning can find the key numbers - How much must you save and also by when? If you are not sure whether or not you'll have enough to live on post-retirement, it can create stress and anxiety. But when 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 home, having kids or caring for aging parents, financial planning can help you make better-informed decisions.

Certified Financial Planner - Lemont, Illinois

Most people don't have unlimited 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 restricted resources for reaching financial freedom. Say, if you have identified retirement and funding your son or daughter's education as your financial goals, but you only have Rs. 1,000 extra each and every year to achieve these targets, a Certified Financial Planner can help you select among your priorities. Whatever you decide, you'll have the secure feeling of knowing that an expert has reviewed your needs and that you are doing something positive for your financial situation. Financial planning offers a road map with an action plan that - if implemented faithfully - will take you where you want to go in financial terms.

Missing the big picture is an issue seen all too often with clients. If you're focused on the near-term rather than on broader long-term implications, then you might end up impairing the accumulation of wealth. For example, relying on pre-tax returns for financial decision-making instead of understanding that different types of investments are subject to differing tax rates might be harmful for your financial health. A Certified Financial Planner can make you understand that the kind of investment you choose impacts the after-tax return. Bear in mind, it isn't about the returns an investment generates; it's about the net income that comes in your hand. A lot of you do not realize the delayed tax implications on the foreseeable future nest eggs. It is pre-tax returns you are worried about and you do not realize that there will be a drag on the ultimate amount of cash you'll have because of the tax liability that is waiting for you.

Influence of Financial Planning - Lemont, Illinois

The impact of sound financial planning on over-all financial well-being is multifold and multidimensional. Actually if you think of your financial life as a flywheel, with financial planning as the heart, each one of the different components 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 on the wheel. Once you begin to make progress along every one of those spokes, you are going to begin to gain traction overall, and you'll see your ability to recognize your financial goals really begin to take off. Additionally, everyone knows that one of the greatest sources of stress and conflict in relationships is cash. Individuals and families who've mapped out a financial path appreciate greater well-being, worry less, sleep better and have strong relationships.

Financial Planning is really a life process. Ideally, you should meet a financial planner as early as possible in your life and generate a long-term relationship. Then meet regularly to review the Financial Plan to make sure you are on track.

For more details, please don't 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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