May, 2022 Advisor Thoughts - At one point or another, many of us have asked ourselves questions ranging from “Have we saved enough to purchase our first house?” to “Can we afford college tuition?” to “Have we saved enough to retire?” In essence we are asking ourselves, “Am I going to be ok?”
The first step to achieving any of these types of milestones is to develop a financial plan, which does not necessarily have to be complex or time consuming. Financial planning begins with looking at your big picture. Having a good sense of your top goals and their priorities establishes a direction. Advisors can help bring to life your goals by incorporating factors such as cash flow, investment assets, retirement plans, real estate, insurance and taxes.