What is Financial Planning ?
Financial Planning... is the process of assessing your financial goals, taking an inventory of the money and other assets you already have, and creating a way to systematically help you reach those goals. It consists mainly of three stages :
* Wealth Accumulation
* Wealth Conservation
* Wealth Distribution
Financial Planning will give you a clear picture, perhaps for the very first time, of where you stand financially. Many families have no idea of the value of their estate, how they spend their money, or what their money can actually do for them. We can help change that!
Financial Planning... is a process where you stop working for every dollar and learn to start putting your money to work for you. The first step is to gather and analyze data about your income and expenses, taxes, insurance coverage, retirement plans, wills, trusts, investments, and other information that is pertinent to your overall financial situation. The next step is to set realistic goals, identify key financial issues concerning those goals, and implement specific strategies for achieving your goals. Those strategies may include building an emergency fund, establishing a spending and savings plan, beginning or adjusting an investment program, purchasing life, disability or long-term care insurance, drafting a will, establishing a trust or developing a business succession plan. The last step in the financial planning process is to periodically review and, if necessary, revise your plan.
Fianacial Planning...generally includes these categories :
* Personal tax savings strategies * Retirement Planning
* Investment & Income Planning * Disability Insurance
* Asset Protection * Life Insurance
* Wills, trusts, and estates * Wealth Transfer
Financial Planning... can give you peace of mind!! Through a simple financial planning system, we'll guide you through the basic steps to allow you to create your own individualized financial plan to help smooth out the hills and valleys on your journey to a secure future. Therefore, your best bet is to stop procrastinating and TAKE ACTION NOW!!! Saying it is one thing, doing it is another!!
Here at Lion & Compay CPA's , LLP, our mission is to provide unbiased, personal financial advice, solutions, and services that will enable our clients to achieve their individual goals and ensure financial independence and retirement security! (For clients who have already achieved financial independence, our financial planning and investment advisory work focuses on wealth preservation)!
