AS EXPERIENCED FINANCIAL PROFESSIONALS, WE AT FINANCIAL FITNESS UNDERSTAND THE IMPORTANCE OF PLANNING AND STRATEGY FOR OUR CLIENT’S PERSONAL AND PROFESSIONAL LIVES.
Most people are financially disorganized – they have accounts all over the place, legal documents that are not safeguarded or easily available, and they don’t know enough about their insurance coverage, employer benefits, and whether they are paying the right amount of taxes.
Frequently, a business owner spends most of his time running his business and managing the bottom line, and very little time working ON his business. The business also can represent the owners only retirement plan, and planning for its disposition can never be addressed too early.
If your employees are stressed out over their finances, this can impact their productivity in terms of being distracted, absenteeism, and even potentially making corporate funds vulnerable. According to one study, over 80% of employees said they would participate in financial training if offered at work.
Why A Financial Plan?
If you fail to plan, most likely you will not be financially successful. We are all super busy in our lives, and it is difficult to take the time to sit down and confront reality. This is even harder if you have a spouse or partner, and you have been procrastinating for a while or decades. Time moves very quickly and before you know it your goal is right on top of you. If you don’t properly fund your children’s education, borrowing becomes the only option for you, your children, or both of you. If you don’t fund your retirement, either you won’t have one, you will work longer, or live with and off your children. The consequences of not planning are significant.