A Financial Plan is a roadmap for your financial life. It covers major financial areas of your life such as CashFlow, Savings, Debt Management, Risk Management, Children’s Education Planning, Taxes, Retirement, Estate Planning and of course, investments and a strategy for managing them. It is more than a guide. It is a written strategy that gives you a clear, pragmatic path to follow towards the accomplishment of your most important financial goals.
Having a sound financial plan is like having a travel plan – it identifies where you’re going, how and when you’ll get there, how much will it cost, and things to do along the way. A personal financial plan looks at where you are today and where you want to go. Then it sets out all the steps you need to take to get there. Everyone who is earning should draw up a financial plan. The plan will help you get the most from your money and help you in achieving your financial goals in life.
Do you need a financial plan?
Yes – if you have an income, a family or planning to have one in the future, retirement dreams, and for many other financial reasons/goals that are unique to you. No one can predict the future but one can certainly be better prepared for it. An effective financial plan will make sure that you are financially prepared to deal with the unexpected events and stormy times. If you don’t have one, you’re more likely to end up in a financial mess. On the contrary, if you have one and the recommendations thereon have been executed, most of your financial goals will be satisfactorily met. A good financial plan can alert you to the changes that must be made to make sure a smooth transition through life’s financial phases, such as decreasing spending or changing asset allocation.
By developing a financial plan you and your family:
>Will have a better understanding of your current financial position.
> Determine attainable retirement, education, insurance, and other financial goals.
>Review goals, funding strategies, and alternatives to balance all goals.
>Have the necessary financial resources set aside to fund your goals as they occur.
>Reduce the effects of unexpected events such as disability, premature death etc.
Whether you need a simple financial check-up, advice on how to allocate funds for your Retirement, help in planning for your child’s education and marriage or assistance in developing a complete, integrated financial plan for your family’s future, AANEEV Wealth will work with you to ensure that your goals are clearly defined and guide you in pursuing them effectively.
Please contact us today to learn more and schedule your complimentary 30 minutes to get an acquainted meeting to discuss how AANEEV Wealth can help you achieve financial peace of mind.