What’s keeping you from gaining a better handle on your finances and your future? It could be a preconceived notion about financial planning.
Financial planning isn’t just for the wealthy, nor is it just for people who have retirement in mind. So who is it for?
Financial planning is for anyone who has goals they want to achieve, people they want to take care of, risks they need to address, assets they want to grow and protect, financial issues they want to resolve, or a legacy they want to leave.
Really, then, just about anyone, in just about every stage of life, from the 20s right on through to retirement age, can benefit from a measure of financial planning.
But what exactly is financial planning? In a nutshell, it’s a game plan for how to most effectively grow, protect and use the resources you have — assets, income, etc. — in order to call your own shots and “get where you want to go in life,” explains Peter J. Creedon, a Certified Financial Planner ™ with Crystal Brook Advisors in New York City. “Life is a balancing act. Financial planning provides the means to maintain that balance.”
Financial planning is a dynamic process where, with the help of a specially trained financial professional who is looking out for your best interests, you develop a big-picture strategy for managing your financial resources, so you’re in position to fulfill your short-term and long-term goals, with the flexibility to adjust on the fly as changing circumstances and life events dictate.
Let’s look past the preconceived notions for what financial planning can do for you, now and throughout your life: