What is financial planning?
A financial plan creates a roadmap for your money and helps you achieve your goals.
Financial planning looks at your current cash flow and assesses how you can best use your money to create the lifestyle that you want to have - both now and long-term.
Click to learn more about the financial planning process.
Why does it matter?
Your financial plan documents your long-term financial goals and creates a strategy for achieving them. The plan is comprehensive, but also highly individualized to reflect your personal and family situation, risk tolerance, and future expectations.
Financial planning is an ongoing process that will reduce your stress about money, support your current needs and help you build a nest egg for your long-term goals, like retirement. Financial planning is important because it allows you to make the most of your assets, and helps ensure you meet your future goals.
Do you need a financial planner?
Contrary to common belief, financial planning is not just for the wealthy or established families. Rather, financial planning is for anyone who has a goal of what they would like to achieve with their money. Whether it’s saving up for a first home or wanting a worry-free retirement, financial planning helps you manage your money in a way that makes your goals possible.
A certified financial planner can help you get started and set you up for success.
How a financial planner can help.
While the option to DIY financial planning or use an online program to assess your risk adversity and choose investment options for you, nothing beats human interaction or building a one-on-one relationship with your financial planner. Working with someone you know and trust opens up the opportunity to learn more about your finances through discussions, also allowing an outside (objective) opinion to assess your financial situation from a different perspective.
Other reasons to hire a certified financial planner:
Address unknown/un-thought-of risks
We’re here to help.
At First Community Insurance and Annuity Center, we realize the importance of taking the right steps in order to accomplish not only your short-term fiscal goals, but also your long-term desires for a happy retirement.
Contact our team today to see how financial planning can help achieve your goals.