Financial planning sure can seem daunting, but it's critical to understand your financial situation so you can actively develop a plan for the future. We have fantastic resources to help you on your way so be sure to contact us after you read here and watch the video. It's your money, so taking an active role makes sense!
My process is meant to be interactive and collaborative and is broken down into five basic steps.
The most crucial first step is to Choose Your Team. Your team is the group of professionals who will help you plan your financial goals and responsibilities for the near and distant future. It can include a financial planning professional, life or health insurance agent, tax advisor, attorney, trust officer or investment broker.
For a complete list of professionals, refer to the Basic Steps in the Financial Process section of our guide - contact us to order yours today.
Make sure the advisors you choose are a good fit for you. They must understand your needs and agree on your goals for the future. This is crucial!
The second step in the process is to Gather Information, including quantitative and qualitative information, such as your goals and objectives, assets and liabilities, cash flow, the current status of your retirement, and estate and risk management planning. Phew! This step can take some time, so be sure not to rush the process.
Ensure you have provided all the relevant information to your financial planning advisor so they can move on to the following three steps: Analyze Data, Making Recommendations and Decide and Implement.
And remember, completing the process doesn't mean you're all done. You will want to have an annual review of your plan because the world is constantly changing, and your needs may too!
Don’t delay - contact us today for the resources you need to get started!
I wish you peace, love, and gumbo!
Marvin LeBlanc, LUTCF, CNP
615 Central Ave, New Orleans, LA 70121
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