Submitted by Pat Cote on May 20, 2019
Everyone needs a financial plan, whether their situation is simple or complex. Everyone has some goals for what they would like money to do for them, whether they are building up their wealth, maintaining it, giving it away or spending it in retirement. There is still a good chance that you don’t have a financial plan in place, or if you do, it was a less-than-ideal plan put together by someone on commission to help sell their financial products.
There are three reasons why you need a good financial plan put together by a fiduciary and not a salesperson. A good financial plan:
1. Helps you to think about your goals
What do you want to achieve for yourself and your family? This often goes beyond money - it is a healthy exercise to take a step back and think about what is important to you.