What’s different about a comprehensive financial plan?
People come from different backgrounds and different income levels seeking a financial plan at different stages of their lives.
Yet many advisors focus more on the investments they choose, emphasizing funding retirement than on the investors they are meant to serve.
But individuals have their own needs that can’t be measured by account balances alone.
Everyone wants the freedom to retire as quickly as possible, but how comfortable will the journey be if we don’t take into account an individual’s total financial wellness?
Creating a financial plan is relatively straightforward, when one considers only one variable. But life is more complicated than that.
All of us have significant expenses to plan for and prioritize. Emergencies, college savings, weddings, taking care of loved ones, paying down debt, and maybe even taking a dream vacation one day? And all these goals are competing for limited resources at different times in our lives.
How does anyone choose?
Unfortunately, so much of financial planning relies on simple “black and white” measures, like beating the market, to define success.
But for most investors, that is hardly a plan at all. Real success is about far more than beating some benchmark.
Investors need personalized plans, not only to get from point A to point B, but to prepare for the many stops along the way.
Smarter portfolios, less taxes and flexibility that maximize their chances of not only retiring securely, but living that way each day. That’s why it is critical financial advisors and planners take a holistic approach. To help clients prioritize their goals and work towards them over time.
If you would like to work with a holistic, fiduciary financial advisor that cares to create a comprehensive financial plan, give me a call or shoot me an email.
