Financial Planning
Financial Planning
Running out of money in retirement is brutal. The financial planning process guides clients to realistic and attainable goals and creates a road map to achieving those goals. Critically, the map identifies the hazards that, if not avoided, can reduce your lifestyle or make retirement unobtainable.

Financial Planning:
- Formulate a realistic plan of action
- Determine what resources are needed and available
- Identify risks and contingencies
- Enhance control of your financial destiny
- Facilitate better strategic decisions
- Provide an ongoing process of planning, feedback, evaluation, and course correction
- Emphasize measurable goals that provide guideposts for financial action
- Increase the likelihood that your goals will be achieved
The planning process generally follows these steps:
- Identifying financial goals and differentiating them between needs and wants
- Common goals include a comfortable retirement, educating children, a second home and travel
- Collection of the relevant information, financial and otherwise
- Analysis of the data and the goals to determine feasible courses of action
- Selection of the most appropriate strategies
- Specifying detailed implementation targets and action items
- Monitoring and measuring the implementation
- Modifying actions and targets as needed over time