What is Financial Planning?

Financial planning is the process of meeting your goals through review and management of your financial resources. It is important to know that financial planning is a specific process, not a transaction. A financial plan defines your goals and objectives; your hopes and dreams that take finances to achieve, and creates a plan to pursue them.  Your goals may include purchasing a home, saving for college, or planning for retirement.

The process begins with you telling us your story, providing us, to evaluate, your current financial picture and then integrating these into your personal financial plan. Financial planning also utilizes strategies that assist in controlling spending, managing credit, reducing taxes, increasing savings, protecting family and assets, and producing wealth for the future.

This process entails gathering financial information, establishing life goals, evaluating your current financial status, and developing a strategy to help you work toward your life goals. It should help take maximum advantage of the benefits from your employer(s). It also should help you have the necessary legal documents in place to prepare your family in case of emergencies.