Finance

What is a Financial Planner?

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A strong financial plan is becoming more and more necessary in today’s world. A financial planner is an excellent way to ensure personal monetary success now and in the years to come, adding a layer of protection over any portfolio.

Financial Planner Overview

A financial planner is a professional who assists you in achieving financial stability and answers any questions you may have about reaching your goals. Licensed financial planners will offer clients projections and plans with real, measurable data to help make the right set of decisions for your long-term financial success. This process involves answering a great deal of your questions.

Questions to Ask a Financial Planner 

The right financial planner keeps you focused on your finances by solving problems and answering questions during both your pre and post retirement years. Planners will be able to help you answer questions regarding:

  • The amount of your paycheck you should be saving per month, quarter, or year.
  • The investment portfolios your money should be invested in.
  • Best practices for protecting your money against poor performing markets.
  • Paying off debt by leveraging savings or retirement, accounts, refinanced equity, or other less liquid funds.
  • An optimum savings amount by identifying your preferred income during retirement years.
  • Advice on life insurance plans and coverages.
  • The effects of inflation or deflation on your saving accounts.
  • The amount of money you can safety withdraw from different accounts within a year.
  • A tentative number for retirement based on current financial factors.

Finding a Specialty Financial Planner 

Financial planning is an important next step for individuals looking to establish a strong long-term financial plan and peace of mind. When you’re ready to start looking for a reputable financial planner, ensure that they offer everything you and your finances need for complete success.

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