The Importance Of A Financial Plan – Choosing An “

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The Importance Of A Financial Plan – Choosing An ” Advisor ”

Do you know how much money you need to save to meet your retirement goals? Have you started to save for your childrens post-secondary education and college? Will your family be able to maintain the lifestyle that you have established and created in the event of death or disability? These are just a few of the many issues that can be addresses in a business plan.

Most people have not determined their financial goals let alone developed a plan to reach them. You should first make basic decisions on the road to start your planning process. It is often said if you do not plan where you want to go you will end up somewhere else.

You should and must follow a systematic approach to ensure that your goals are well defined and that are set of achievable steps are established and appropriate benchmarks have been put in place.

Should you use an investment planner or another outside party? That is a very good question. Woody Allens joke in 1960 was that an insurance salesman was a person who invested your money till it was all gone is as timely and accurate as it was in the 60s.

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