All of our financial needs would be met effortlessly without our having to devote even a minute of time to planning. Unfortunately, life doesn't work that way. Making sense of your finances requires more time and effort than ever in today's constantly changing economic environment. Deciding how to meet those goals requires careful planning. Higher earnings levels, increased wealth, shifting tax laws, and the sheer number of financial products available in the marketplace today also contribute to the need for financial planning.
Financial planning involves several steps.
Each one is important, and all must be coordinated if your financial plan is to succeed. In this basics section, we'll look at these financial planning steps and explain how to go about setting up your plan. Included are a number of worksheets that can help you along the way. We'll also discuss some specific planning strategies you may find worthwhile. All rights reserved.