Things to consider before meeting a Financial Planner
Financial planning is one of the key decisions in anybody’s life. Some plan their finances on their own while some use the service of professional experts who have a great track record for making people’s money work in the best possible manner. In case you have decided to utilize the services of a financial planner, you would benefit if you consider the following points before meeting the financial planner:
Analyse your current financial situation You need to analyse where you stand in terms of your current finances. You need to ask yourself whether you have protected your health requirements while securing the lives of those who are dependent on you in case of a tragic event. You need to ask yourself whether you need a health or alife cover. Next, you need to decide on your plans for your own home and whether you have set aside funds for down payment to purchase a home right away or you need time to accumulate the funds.
Discuss key aspects with your life partner or close relations You need to determine your long-term and short-term financial goals pertaining to retirement, children’s education, and marriage. This is a very important starting point in financial planning.You need to discuss your emergency funds requirements, short-term funds requirement, long-term goals, and overall expenses with your life partner or close relations before you meet your financial planner.
Setup important financial goals Sit with your family and work out key financial goals that would help you end up with a corpus good enough to match your lifestyle and take care of all other major requirements. You need to analyse your total current investments in equity, stocks, SIPs, and bank FDs. Remember that to help serve you better, your financial planner will need this information to understand your risk propensity to work out an asset allocation strategy that helps you meet your financial goals. Once you have decided where you want to go in life with regards to your finances and the resources you have to take you forward, it is the best time to meet your financial planner. To know more about financial http://www.investmentz.com/
planning
and
investment,
write
to
us
at