Why Does Financial Planning Matter?

American Investment Planners LLC

500 North Broadway, Suite 260, Jericho, NY 11753

(516) 932-5130 / (866) 932-5130

Did you know that one-third of Americans have NO retirement savings? It's true, according to a GoBankingRates survey, and that wasn't the only shocking result that came from their study - 23% of Americans have less than $10,000 saved too. 

In order to be financially stable in retirement, as well as every other aspect of your life, it is extremely important to have a strategic financial plan in place. While some used to be, and possibly still are, under the impression that financial planning is only necessary for those who have a large sum of money to look after, the truth is that it's important for everyone regardless of income and current financial state. Here's some insight as to why:

Financial planning helps you define your goals.
It's common knowledge that we should all be saving for retirement, but that's just a general idea. What goals do YOU have specifically when it comes to things such as retirement, estate planning, even college savings for you or your children? When you sit down with a financial planner, you can start to more clearly define your goals and figure out what needs to be done to achieve them.

Financial planning can make you aware of current mistakes.
All too often people make financial mistakes that they aren't aware of, and in the long run, they can really hurt their long and short term goals. When working with a financial planner, they can provide some information about how your current actions are hurting or helping your financial state, and if you are making some mistakes, you can learn how to fix them!

Financial planning can help you become more comfortable.
It's not unusual to feel stressed about money - at some point, we all do. But with the help of a financial planner, you can start to feel much more comfortable about your current spending habits and saving habits as you develop a plan that will gear you towards success.

Now the question is, when should you start? Here's the answer: the earlier, the better! Financial planning doesn't just help with retirement planning and estate planning, it can also help prepare you for college, buying a home and the birth of a new child! 

If you're ready to sit down with a financial planner and start creating a positive future for yourself, contact the team here at American Investment Planners LLC at (516) 932-5130. More information about our financial planning services is also available by emailing info@americaninvestmentplanners.com today.