Financial planning may seem like an obscure term to some and often even those that have an idea of what it is don’t fully know what it means. The basic function of a financial plan is to reduce your stress about money, support your current needs, and build a nest egg for retirement. Essentially, it’s to provide peace of mind for you and the people you care about. Another definition would be that it’s a process to check your current finances against your long-term goals. You need to know how much money you have, how much you’ll need to meet your goals, and then the best steps to get there.
Hear from founder and president, Tim Doehrmann.