Why is Financial Planning so Important?
For Mark, financial planning is about more than just mapping out your goals and calculating your risk tolerance. Having a strong financial plan achieves the following:

* It gives you a foundation for decision-making. Whether the decisions have to do with investing, your spending habits, or what lifestyle experiences you can afford, having a financial plan will allow you to see different potential outcomes depending on what actions you take and help you choose accordingly.

* It identifies issues that you may not be aware of otherwise. For example, having a financial plan could help you be more aware of any issues surrounding your Income Related Monthly Adjusted Amounts (IRMAA) and other tax planning issues. It can also help you better understand how your Social Security benefits will be taxed and how that may impact your retirement savings. By having a solid grasp on what your financial situation looks like now and what your plan is for your future finances, you’ll be able to retire with more confidence that nothing will take you by surprise and risk your financial stability.

* Critical Items/Strategic Adjustments and their effect over time. Strategic adjustments now can have an overwhelmingly positive effect over time, while letting inefficiencies continue can have an overwhelmingly negative effect over time.

* Review annually. Once you set up your financial plan and get everything in order, it’s important to stay on top of it and review your plans annually.

Financial planning is hard work and it’s incredibly complex, so having a team of professionals you trust in your corner can help ensure that you’re making the most of your finances with a strong plan that will protect you throughout your retirement. If you’d like to begin a discussion with one of our advisors about your plans, contact us today. You can reach us at questions@attleborowealth.com.

Visit our website: [ Ссылка ]

The opinions expressed in this program are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security. It is only intended to provide education about the financial industry. To determine which investments may be appropriate for you, consult your financial advisor prior to investing. Any past performance discussed during this program is no guarantee of future results. Any indices referenced for comparison are unmanaged and cannot be invested into directly. As always please remember investing involves risk and possible loss of principal capital; please seek advice from a licensed professional.

Attleboro Wealth Management, LLC is a Registered Investment Adviser. This program is solely for informational purposes. Advisory services are only offered to clients or prospective clients where Attleboro Wealth Management, LLC and its representatives are properly licensed or exempt from licensure. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by Attleboro Wealth Management, LLC unless a client service agreement is in place.

свернуть