A financial planning worksheet in combination with professional financial planning is the process of arranging your finances to meet your personal goals and objectives for the future. By properly planning your finances, you are setting a roadmap to get from "point A" to "point B." The financial planning process can be complex or simple, depending upon your set objectives. In our attempt to help you get to "point B," we have put together a financial planning section of our blog. We hope that you find the articles to be both informational and useful. When you’re ready, we can help facilitate a comprehensive financial analysis by using our proprietary financial planning worksheet solution.
Remember: These articles are meant to be educational only, and are not specific recommendations regarding any particular financial planning methodology. To implement specific advice into your overall plan, please schedule time to meet with a qualified financial advisor.
News headlines confirm that “Big Brother” is watching
As I read the news headlines the past week, I became increasingly concerned about our government’s appetite for abusing its power to accomplish its political objectives. The news stories are only further proof of the need for global diversification.
Make no mistake about it; this is not an issue of left vs. right or Democrats vs. Republicans. This is an issue of government vs. its own citizens. Everybody should be concerned. You never know when “the opposition” might be in power. Worse, it is increasingly apparent that any American could become a victim of “friendly fire.”
Parents of adult children now have an opportunity to provide additional, sound financial advice through a new holiday program offered by Brock and Associates called: The Gift of Financial Security. Brock, who have clients throughout the world, has a unique method of analyzing and preparing a financial plan for clients regardless of their location.
Emergency funds are needed to meet unexpected expenses that are not planned for in the family budget, such as short-term illness causing a loss of income, unexpected medical expenses, property losses that purposely are not covered by insurance (deductibles and co-insurance) and to provide a financial cushion against such personal problems as prolonged unemployment or some other financial crisis.
The need for emergency funds have received greater attention in recent years. Many capable people have lost their jobs because of mergers and acquisitions, economic dislocations or plant closings. A reasonable emergency fund can help to prevent a temporary unemployment from becoming a personal financial crisis. The fund will give the family time to adjust without having to drastically change its living standards or disturb other investments.
Credentials, expertise, education, experience and ethics matter, which is why those that work for years to achieve legitimate credentials scoff at those that attempt a short-cut to credibility.
You hire a planner. You pay a fee. What do you get in return? You get two very different kinds of benefits. You get psychological benefits, and you get monetary benefits.
The psychological benefits are yours. You keep them. They include things like increased peace of mind, progress toward reaching your goals, without worry about unfinished business.