Personal information
Financial planning is essential for individuals and businesses to achieve financial stability and meet their goals. Here’s why:
1. Goal Clarity and Achievement
Financial planning helps you determine your short and long-term financial goals and create a balanced plan to meet those goals.
2. Improved Money Management
Financial planning can lead to better money habits, such as budgeting and saving, which can help you keep more of your hard-earned cash.
3. Investment Strategy
Financial planning can help you create an investment portfolio tailored to your goals, timelines, and risk tolerance, demonstrating how that portfolio might grow based on historical performance.
5. Retirement Readiness
Financial planning ensures financial independence at retirement, including strategies like 401(k)s, IRAs, and other retirement accounts.
