women often juggle many important duties.
They are caregivers, business owners, household managers, community leaders and
volunteers. Balancing these varied responsibilities often affects their
financial needs and outlook, and it can present some challenges to reaching
their personal and financial goals.Working with a CERTIFIED FINANCIAL PLANNERTM
professional can provide some clarity for women who may feel overwhelmed or
uncertain about their finances. CFP® professionals are trained to provide
competent, ethical financial advice and can be trusted advisors who help you
see the bigger financial picture.
Here are five benefits of holistic financial
planning for women.
1. It alleviates financial stress. Changes in
employment, family circumstances or housing are just a few of the things that
can cause concerns about your financial future. A CFP® professional can help
you weather these ups and downs, recommending sound financial strategies that
keep you on track to reach your goals.
2. It supports career transitions. Many women
take time off from their careers to care for children and family members.
Millions of others may be reevaluating their current jobs against their needs
and values, potentially leading to a career change. These decisions have
important implications for your income, earning potential and retirement
savings. A CFP® professional can help you clarify your priorities and plan for
your next career move.
3. It helps your business thrive. If you own a
business (or would like to), a CFP® professional can collaborate with you to
create a financial plan to guide you through the start-up phase, company growth
and expansion, and succession planning.
4. It lets you determine your legacy. Estate planning is important for all
women, but especially those who have considerable assets, such as real estate,
insurance policies and retirement accounts, to bequeath. A CFP® professional
can help you develop a thorough estate plan that fulfills your financial
desires.
5. It gives you confidence in your tomorrow.
Creating a holistic financial plan that helps you establish short- and
long-term life goals is a crucial step in mapping out your financial future.
When you have a strategy and a financial plan, it’s easier to make financial
decisions and stay on track to reach your goals.Visit LetsMakeAPlan.org to
find CFP® professionals in your area. A trustworthy financial advisor will help
you focus on your needs and concerns and effectively manage your financial
future.
Source : US NEWS
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