What is Financial Planning?
WE ARE now well into February, and well into the start of the new year and a new decade. This is an ideal time to focus on your financial plans. Taking some time to sit down and consider both your short term and long term financial aspirations will help you form a solid understanding of your personal goals.
Do you have a short-term goal to generate a college fund for your children? Save for a deposit for a house, or help your child with a deposit for a house?
Do you have a medium/long term goal to fund for your retirement? Do you have a long term goal to pass on your wealth to your children or grandchildren?
Creating an overall Financial Plan is a dynamic process that helps you to identify and have control of your financial objectives, goals and priorities. A Financial Plan will help you in the following ways:
• Peace of mind concerning your money.
• Become financially well organised.
• Achieve and maintain financial independence.
• Provide efficient solutions to technical financial planning issues.
• Maximise your returns and resources.
Our financial planners will give advice on:
• What you need to do differently
• How much you need to save
• What types of retirement accounts to use
• What type and how much insurance you need
• What changes might improve your tax situation
• What Investment solutions meet your objectives
Contact Efficient Financial, Arklow and Blackrock, and start the conversation.
Harry Crummy is a Certified Financial Planner™ and a Qualified Financial Advisor and is a principal at Efficient Financial. See www. efficientfinancial.ie for more details.