GC Financial Advisors Ltd Banner
GC Financial Advisors Ltd Logo

Financial Planning Services – Mundelein, 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 you should make sensible investment decisions, but there is a whole lot more to it. Financial Planning is the process of developing strategies to help you manage your financial affairs efficiently and meet financial goals. It is a holistic process that can help you make smarter decisions by turning vague objectives into concrete strategies, supplying a road map for action. Having a financial plan - and sticking to it - will give you a real edge when it comes to planning your retirement and also other long-term financial and life goals.

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

Frequently individuals say that they are saving for retirement or saving for their little one's education. They sound like specific goals, however they are really quite vague. Financial planning can find the important numbers - How much do you need to save and 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 have to do and that you are following the financial plan, it gives you peace of mind and assurance. Whenever your situation changes from single to married, from renting to buying a home, having kids or caring for aging mothers and fathers, financial planning can help you make better-informed decisions.

Certified Financial Planner - Mundelein, Illinois

The majority of 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 informed decisions and prudently use the limited resources for attaining 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 and every year to achieve these objectives, a Certified Financial Planner can 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 predicament. Financial planning supplies a map with an action plan that - if implemented diligently - will take you where you want to go fiscally.

Missing the big picture is an issue seen too often with clients. If you're centered on the near-term rather than on broader long-term implications, then you might wind up impairing the accumulation of wealth. For example, counting on pre-tax returns for financial decision-making as opposed to knowing that different types of investments are susceptible to differing tax rates could be harmful for your financial wellness. A Certified Financial Planner will make you realize that the kind of investment you choose impacts the after-tax return. Don't forget, it isn't about the returns an investment creates; it's about the net income that comes in your hand. Lots of you do not realize the delayed tax implications on the future nest eggs. It's pre-tax returns you are concerned about and you do not realize that there will be a drag on the ultimate amount of cash you will have because of the tax liability that's waiting for you.

Influence of Financial Planning - Mundelein, Illinois

The influence of sound financial planning on overall 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 of the different components of your financial life - like buying a home, saving for retirement, planning for children's education, owning your ideal car, debt management and so forth - are spokes to the wheel. Once you begin to make progress along every one of those spokes, you are going to start to gain traction overall, and you will see your ability to understand your financial goals really begin to take off. Further, 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 much better and have vibrant relationships.

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

For more information, 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

GC Financial Advisors service area map