The Power of Planning: 5 Key Benefits of Having a Financial Plan

Discover the 5 benefits of financial planning and follow the 6-step process to achieve financial goals, reduce stress, and secure your future.…

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What’s included:  3 Steps to Planning an EPIC Retirement

Step 1:  How will You Spend Your Time?

Step 2:  Identify Your Income & Expenses

Step 3:  Putting it all Together

 

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Connect with Danette Lowe, CFP^®

https://linktr.ee/trunorthwealth

Visit Our Website:  https://www.TruNorthWealth.com

 

Episode Summary:

In this episode, we explore the importance of having a solid financial plan for a secure and stress-free future.  Emphasizing 5 advantages of having a financial plan in place, like achieving dreams and goals, having a diversified investment portfolio, gaining confidence in financial decision-making, navigating difficult situations, and taking advantage of opportunities when things go well.

The financial planning process is a series of steps that a financial advisor takes with a client to help them create a customized financial plan that meets their specific needs and goals.

It all starts with an initial consultation, where you and your financial advisor get to know each other.  This is a chance for you to ask questions and make sure the advisor is a good fit for you. After the consultation, your advisor will provide you with a proposal that outlines their services and fees.

If you decide to move forward, the next step is a discovery meeting.  This is where you and your advisor will dig deep into your financial situation, including your goals, values, dreams, and concerns.  Your advisor will use this information to create a customized financial plan that addresses your unique situation.

Once your advisor has drafted your financial plan, they'll meet with you again to review it and make any necessary revisions. Then comes the implementation phase, where your advisor will help you put the plan into action. This might include consolidating accounts, making investments, or creating a budget.

 

Finally, the ongoing review and monitoring phase is where your advisor will help you stay on track and make adjustments as necessary. This is important because life is unpredictable, and your financial plan may need to be adjusted as your circumstances change.

Overall, the financial planning process is designed to help you achieve your financial goals and live the life you want. It's a collaborative effort between you and your financial advisor, and it requires regular communication and review to ensure you stay on track.

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About Danette:  https://tinyurl.com/28pg94tt/

Professional Journey- As the President and a CERTIFIED FINANCIAL PLANNER™ professional at TruNorth Wealth Management, LLC, I've found my calling in helping pre-retirees confidently navigate the crucial decision of retirement. Our team is dedicated to guiding family-oriented couples from being net savers to net spenders.  We invite you to join our extended family and experience the TruNorth Wealth difference.

Danette Lowe, CFP^®

Founder – Wealth Advisor

TruNorth Wealth Management, LLC

1662 HWY 395 N, Suite 203, Minden, NV  89423

Connect with Danette @ https://linktr.ee/trunorthwealth

This podcast is for informational purposes only.  The situations used herein do not constitute a recommendation as to the suitability of any investment for any person or persons having circumstances similar to those portrayed, and a financial advisor should be consulted for your specific situation.  Neither Commonwealth Financial Network nor your representative provides tax advice.

Securities and advisory services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser.