Let’s start with a more
fundamental question. How much can I improve my financial situation?
You might be thinking, “I have a really good salary, I pay my bills on
time, I know how to do my taxes, I have insurance...I’m handling my
finances pretty well. Spending time and money on financial planning is
not worth it for me.” many people think this way, but often it is
because a lack of awareness of financial opportunities and best
practices.
Indeed, time spent devising and
implementing a well-researched and sound financial plan will likely
yield:
More money for you and your
family
Better preparation and
flexibility for life changes
Increased protection against
mistakes and unexpected circumstances
An investment in financial management provides peace of mind by
ensuring your best odds of permanent wealth and comfort. This planned
approach to success is the result of a multi-step process.
You must:
Set achievable 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
Revise your plan to
accommodate changing goals, changing personal circumstances,
changing financial opportunities, and changing market and tax laws
The planning process requires skill, knowledge, diligence, and
discipline, but great reward make it well worth the time and effort.
Can I do it on my own?
The question is, do you need professional help in order to design and
stick to an effective financial plan?
To some degree, this depends on your unique situation, but most will
find that they are better off seeking the information, expertise,
experience, and discipline provided by a financial advisor. Making
quality financial decisions requires an ample commitment to learn and
research. While the Internet’s easy access to information has helped
to make it feasible for individuals to independently manage their
finances, the magnitude of investment skills and information that you
need can be overwhelming. The financial world is filled with foreign
concepts, esoteric language, legal rules, and difficult methodologies.
Whether you want to develop a portfolio, plan for retirement, pay for
college, or reach any other major financial goal, there are
professionals who have spent their careers serving people with the
same concern, and it is a good idea to take advantage of their
experience. For the purpose of analogy, consider the manufacturing of
televisions. Since they make so many televisions, Sony has grown to be
good at it. They can make a high-quality television for just a few
hundred dollars. Consider how much it would cost you to make your own
television; you might be able to do it, but it would take a huge
commitment of time and money to learn the science, purchase the
materials, and execute the necessary procedures. And the finished
product would be shabby in comparison. Financial decision-making is
the same. You can make financial decisions by yourself or buy advice
from an experienced professional.
The financial decisions of individuals are commonly costly and
mediocre, and, alternatively, the appropriate financial professional
will make good decisions for you at a comparatively low cost. What
will I get from a financial advisor? Professional financial help goes
far beyond picking stocks. Hiring an advisor arms you with expertise
and resources with which to approach planning your financial future.
This coaching and support can help you to smoothly endure and make the
most of the circumstances in your life - career, marriage, assets,
liabilities, etc.
Specifically, financial professionals can help to:
Avoid costly mistakes, manage
risk, save time, and improve your overall investment results.
Guide you through the maze of
retirement options -401(k), IRA, Roth IRA, pensions, annuities,
Keoghs, etc. –and can put you on course to have the type of
retirement you’ve always dreamed of.
Decrease you real estate tax
liability, thereby aiding the financial stability of your loved
ones.
Reach your education savings
goals through 529 Plans, Coverdell savings accounts, and other
techniques.
Determine the type and amount
of insurance you need to protect yourself, your family, and your
assets.
Minimize your taxes, file your
tax returns, and plan to reduce future tax impact. If you own a
business, develop a strategy to manage your business finances,
including cash management, financing, employee benefits, and
corporate taxes.
Furthermore, a financial professional provides the emotional
discipline required to make sure plans are acted upon. S/he provides
guidance, reassurance, support and stability to help you stay on
course and reach your long-term goals.
Okay, so I’d benefit from an advisor-what now?
Choosing an advisor is a crucial
aspect of planning your financial future. Hiring an advisor that is
not well-suited to your needs is a danger that must be avoided through
sound research.
Give us a call today (262) 644-2053
1155 E. Commerce Blvd.
P.O. Box 183
Slinger, WI 53086
Fax (262) 644-7777
What We Can Do For You Accounting Services
Audit Assistance
Business Plans
1099 Preparation
401(k) Review/Rollover
Business Problem Solving
Buying Real Estate
Cash Flow Analysis
Commercial Real Estate
Compilation
Computerization
Consultation
Corporate Services
Disability Insurance
Educational Plan
Estate Tax
Financial Statements
Gift Tax Returns
Health Savings Accounts
IRA's, Roth's
Land Development
Liability Insurance
Like-Kind Exchanges
Long-term Care Insurance
Management Advisory
Medicare Supplements
Mutual Funds
Non-Profit
Partnerships
Payroll
Pension Plans
Personal Property Tax
Retirement Planning
Sales and Use Tax
S Corporation
Selling Real Estate
Simple/SEP
Tax Preparation
Trust Tax Returns
Umbrella Insurance
W2 Preparation
Website Assistance
Workers Compensation
