What is financial planning?

A question we sometimes get asked is “what is financial planning?” Casey explains what it is and why it is important to have a financial plan. Some people have concerns when it comes to the idea of creating a financial plan. Some of these concerns might be that they are uncomfortable talking about poor financial decisions in the past or they may think they don’t have enough money to start the planning process. It is important to know that there are many versions of a financial plan, and each client who goes through the planning process with us will have a unique, customized plan developed according to their individual goals and objectives.

The process starts by examining the client’s background, age, income, and past financial decisions. At this time, it is also important to define the client’s overall objectives and purpose for creating a plan. Prioritizing goals is a way to guarantee the advisor understands what is most important to the client and allows for proper execution of the plan.

Casey Smith

President

Recent posts

  • What is a charitable remainder trust?
  • succession planning
  • Who is your POA? Should it be somebody else?
By Published On: October 15, 2021

Share This Story, Choose Your Platform!

Wiser Wealth Management, Inc (“Wiser Wealth”) is a registered investment advisor with the U.S. Securities and Exchange Commission (SEC). As a registered investment advisor, Wiser Wealth and its employees are subject to various rules, filings, and requirements. You can visit the SEC’s website here to obtain further information on our firm or investment advisor’s registration.

Wiser Wealth’s website provides general information regarding our business along with access to additional investment related information, various financial calculators, and external / third party links. Material presented on this website is believed to be from reliable sources and is meant for informational purposes only. Wiser Wealth does not endorse or accept responsibility for the content of any third-party website and is not affiliated with any third-party website or social media page. Wiser Wealth does not expressly or implicitly adopt or endorse any of the expressions, opinions or content posted by third party websites or on social media pages. While Wiser Wealth uses reasonable efforts to obtain information from sources it believes to be reliable, we make no representation that the information or opinions contained in our publications are accurate, reliable, or complete.

To the extent that you utilize any financial calculators or links in our website, you acknowledge and understand that the information provided to you should not be construed as personal investment advice from Wiser Wealth or any of its investment professionals. Advice provided by Wiser Wealth is given only within the context of our contractual agreement with the client. Wiser Wealth does not offer legal, accounting or tax advice. Consult your own attorney, accountant, and other professionals for these services.

Sign up for our newsletter!

Our latest blogs, podcasts, and educational videos delivered to your inbox weekly.