Benefits
of Financial Planning
A
financial planner guiding you through a well-defined process
you will result in many benefits to you. The Board of Standards
for the Financial Planning profession has developed “practice
standards”
governing this process. While these standards give each
planner some latitude, you can expect the process to address
specific financial issues, enabling you to:
- Reduce
the stress of dealing with financial decisions
- Understand
what is possible and what is mere speculation
- Focus
on the underlying issues that lead to satisfaction,
rather than being distracted and making unnecessary
expenditures on things that don’t contribute
to your goals
- Understand
yourself better and determine what is really important
in your life by exploring various financial scenarios
(modeling) to identify ways to achieve your goals
- Finalize
an overall plan to maximize the probability of
accomplishing your dreams while minimizing the
risks, thereby providing peace of mind.
|
In
short, the benefits of planning are a combination of services
and advice unique to each individual, providing some degree
of confidence about an uncertain and unknowable future. |
