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Create a financial plan


A smart financial plan is customized to your long- and short-term goals. Working with a financial advisor can help keep you focused on achieving them.

Financial planning is an essential part of creating the life you want, protecting those you love and reaching your personal goals.

Today you might be concerned with:

  • Protecting your family from unforeseen issues arising from illness or disability
  • Leaving a legacy for your family, a charitable cause or organization that is meaningful to you
  • Ensuring that you have a plan in place to reach a stress-free retirement  

Why is a financial plan important?

You may have financial goals, but having a plan in place can help you prepare for life’s surprises and face them with confidence. A financial plan doesn’t need to be complicated. It simply needs to cover everything that’s important to you at this specific stage of your life, while balancing your risk tolerance with your time horizon.

Your financial plan serves as a guide allowing you to make necessary adjustments along the way.

Start your financial plan

A financial plan begins with an inventory of your finances. Consider all of your assets (including property), your income and your expenses—both now and in the long term. 

Next, define and prioritize your goals. Are you concerned about saving enough for retirement? Funding a grandchild’s education? Leaving a legacy—either for your family or a charitable organization? Saving for potential healthcare expenses and long-term care? Knowing your goals will help drive your plan.

You may also want to think about tax planning, estate planning and life insurance, and you may explore how an annuity could factor into your plan.

Think about what would happen if you made no changes to your plan or your rate of savings. Is there a gap between where you are now and where you want to be? If so, you may need to reprioritize your budget to accommodate for more saving, or re-evaluate your goals. 

Work with an advisor

Competing priorities can be challenging. A financial advisor can provide an objective voice that can help you stay focused on your goals, while providing education that may help you determine if you’ll want to fine-tune your plan.

Schedule an annual appointment for a comprehensive evaluation, or set up quarterly check-ins if you have a more robust portfolio.

And as your circumstances change, your financial advisor can help you assess your plan and financial situation, allowing you to confidently take charge of your financial future.

LCN-1746061-032817 – B