Plan you Future

When to Start Planning Your Finances

You don’t have to wait until you’re wealthy to start planning your finances. Even a basic financial plan can be helpful at any stage of life.

Benefits of Financial Planning for All Life Phases

When you’re starting out, you might need guidance on maximizing your employer’s 401(k) and other benefits, or balancing student loan payments with everyday expenses and future savings. A financial professional can explain tax-advantaged savings strategies that can have a meaningful impact on your retirement—even if you can only contribute a small amount at first. They can also help you explore options for an old 401(k) rollover, including annuities, which can provide guaranteed income and help protect your savings as you plan for retirement.

Starting Your Life Together
When you begin building a life with a partner, purchasing a home, or raising children, your financial picture becomes more complex. A financial professional can help ensure you have adequate insurance, plan for education costs, manage competing priorities, and safeguard your income against unexpected events. They can also provide advice when major life changes—like divorce or remarriage—require adjustments to your plan.

Career Changes and Growth
Changing jobs, advancing in your career, or starting your own business is an ideal time to work with a financial professional. They can help you make the most of employee benefits, manage increasing assets, identify tax-saving strategies, and select retirement plans that fit your goals.

Approaching Retirement
As retirement nears, it’s important to maximize your savings while planning how to live comfortably in your later years. A financial professional can help you evaluate your retirement strategy, optimize contributions, and adjust plans to ensure you’re on track.

Living in Retirement
Retirement brings a new set of financial decisions, from generating steady income to handling unexpected expenses such as healthcare or long-term care. A financial professional can help you create a spending plan, protect your savings, and explore ways to leave a legacy for loved ones or causes that matter to you, making your retirement years more secure and enjoyable.

Why Financial Planning Matters at Every Stage

Your financial needs and priorities change as you move through life, and having a solid plan can make a big difference. A financial professional can guide you in making informed decisions and building security for yourself and your family.