Dealing with Financial Planning
Finacial Planning is a Process and Requires a Plan, Work with a Professional to Find the Best Option for You
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Survivors Say: Best Resources for Financial Planning
Financial planning requires both reason and instinct. You need to be able to make good decisions to put yourself on the path to a solid financial future. On the other hand, you should let your gut have a say, too. Just be sure you can strike a good balance.
Types of Planning Philosophies
Investment SideSome people believe debt is an acceptable part of modern life and that paying off debt isn’t important to your overall financial health. These advisers stress investments over debt repayment.Smart Money: Being Debt-Free Isn't Always All It's Cracked Up to BeDebt-Free Some financial planners work with their clients on first becoming debt free. These planners believe the money lost to interest and stress is not worth it and that everyone should strive to pay off debt before anything else.MSN Money: The Key to Being Debt-FreeHolisticHolistic financial planning is a relatively new term that indicates planners who take a “whole family” approach. They look at the family’s way of life and incorporate important – if not always financially prudent – goals the family has into the financial plan.WebCPA: What's Different About Holistic Financial Planning? Communicating with Your Financial Professionals
Investment SideSome people believe debt is an acceptable part of modern life and that paying off debt isn’t important to your overall financial health. These advisers stress investments over debt repayment.Smart Money: Being Debt-Free Isn't Always All It's Cracked Up to BeDebt-Free Some financial planners work with their clients on first becoming debt free. These planners believe the money lost to interest and stress is not worth it and that everyone should strive to pay off debt before anything else.MSN Money: The Key to Being Debt-FreeHolisticHolistic financial planning is a relatively new term that indicates planners who take a “whole family” approach. They look at the family’s way of life and incorporate important – if not always financially prudent – goals the family has into the financial plan.WebCPA: What's Different About Holistic Financial Planning? Communicating with Your Financial Professionals
- Financial planning is chock full of jargon. Make sure you understand what your planner is saying and ask questions if you don’t.
- It's not imperative that you make decisions at the first meeting. Instead, firmly communicate to your financial professional when you need more time to make a decision.
- Talk over your decisions with at least one person who can offer you good advice. Don’t be taken in by plans that are too strict.
