When you are sick you go to a doctor right? When your plumbing acts up you call a plumber right? Who would you call then if you need help with your Finances? A financial planner, right?
And here’s why:
Do you need the services of a financial planner?
How do you know if you could benefit from the services of a financial planner?
You may not have the expertise, the time or the desire to actively plan and manage certain financial aspects of your life. You may want help getting started. You may benefit from an objective, third-party perspective on what are often emotional and difficult decisions. And in today’s hectic world, it can be beneficial just to have a financial expert looking over your shoulder to double-check your planning efforts and make sure you stay focused and follow through with your financial plans.
Like most people, you have hopes and dreams and life goals for yourself and your family. These might include buying a home or business…planning for life’s unforeseen events…estate planning…saving for an education for your children…taking a dream vacation…reducing taxes…retiring comfortably. Financial planning is the process of wisely managing your finances so that you can achieve
your dreams and goals, while at the same time helping you negotiate the financial barriers that inevitably arise in every stage of life.
I again ask the question; do you need a financial planner?
A Financial planner can help you do the following:
- Set realistic financial and personal goals (to become financially and personally organised)
- Set up a valid executable Will, living Will and medical power of attorney
- Assess your current financial health by examining your assets, liabilities, income, insurance, investments and estate plan
- Develop a realistic, comprehensive plan to meet your financial goals by addressing financial weaknesses and building on financial strengths
- Plan for life’s unforeseen events and be ready should they occur (Life cover, Funeral cover etc)
- Put your plan into action and monitor its progress
- Help you stay on track so you can meet your financial goals
- Saving enough for retirement, or rolling over a pension or just saving for a specific goal
- Handling the inheritance of a large sum of money (easy come easy go). Unless its managed properly
- Preparing for a marriage or divorce
- Planning for the birth or adoption of a child
- Facing a financial crisis such as a serious illness (Critical illness and Disability cover)
- Caring for aging parents or a disabled child
- Coping financially with the death of a spouse or close family member
- Funding education
- Buying, selling or passing on a family business
- Protecting a key person valuable to your business
In essence making sure should life unexpected events occur that you are READY to take them head on.
Written by: Andre Becker, Ubuntu Capital Momentum Financial Planner
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