For Consumers

Why Would Financial Planning Be Important To Me?

Financial planning is a complex field and each individual's situation is different. Therefore, the information contained herein should not be utilized or relied upon to formulate, assess, develop or implement your personal financial plan. Nothing in these pages is intended to provide either general or specific financial planning, investment, insurance, tax, legal, or other advice. Consult your financial advisor, attorney, accountant, or tax advisor with regard to your individual situation.

Why Plan?

Like most people, you have hopes and dreams.  Life goals for yourself and your family. These might include buying a home or business... saving for college education for your children... taking a dream vacation...reducing taxes... retiring comfortably.

Financial planning is the process of wisely managing your finances so that you can achieve your dreams and goals--while at the same time helping you negotiate the financial barriers that inevitably arise in every stage of life.

Managing your personal finances is ultimately your responsibility. However, you don't have to do it alone. A qualified financial planner, such as a CERTIFIED FINANCIAL PLANNER™ Professional, can help you make decisions that make the most of your financial resources.

Often a specific event or need will trigger the desire for professional financial planning guidance.

  • Saving enough for retirement, or rolling over a pension or IRA...
  • Handling the inheritance of a large sum of money or other unexpected financial windfall...
  • Preparing for a marriage or divorce...
  • Planning for the birth or adoption of a child...Facing a financial crisis such as a serious illness, layoff or natural...
  • Funding education...
  • Caring for aging parents or a disabled child...
  • Coping financially with the death of a spouse...
  • Buying, selling or passing on a family business...

How do you know if you could benefit from the services of a  qualified financial planner?  

You may not have the expertise, the time or the desire to actively plan and manage certain financial aspects of your life.  You may want help getting started.  You may benefit from an objective, third-party perspective on what are often emotional, difficult decisions.   And in today's hectic world, it can be beneficial just to have a financial expert looking over your shoulder to double-check your planning efforts and make sure you stay focused and follow through with your financial plans.

Financial planning can help you

  • Set realistic financial and personal goals
  • Assess your current financial health by examining your assets, liabilities, income, insurance, taxes, investments and estate plan
  • Develop a realistic, comprehensive plan to meet your financial goals by addressing financial weaknesses and building on financial strengths
  • Put your plan into action and monitor its progress
  • Stay on track to meet changing goals
  • Changing personal circumstances
  • Changing stages of your life
  • Changing products, markets and tax laws

Searching for a financial planner? Be connected with CFP® professionals in your area through FPA's easy-to-use nationwide database!