Whatever your destination, it helps to have a map—and that’s especially true when you’re preparing financially for the journey we call life. Whether your financial goals include paying off debts, buying a house, helping your kids through college, or being financially secure through your golden years—it’s best to start planning now. As Financial Planning Month, October provides the nudge you may need to assess your current financial situation, plan for the future, and make any changes necessary to reach your goals—or at least get closer to them.
The origins of Financial Planning Month
The history of Financial Planning Month isn’t easy to track down, but it has been recognized for years by financial institutions, advisors, journalists, and others as a great opportunity to raise awareness about the importance of taking steps now to financially prepare for the future. Financial planning is important year-round, but getting reminded of it every October is especially helpful when preparing for upcoming holidays and the related higher-than-usual expenditures tied to travel, gift-giving, entertaining, and more. It may also inspire you to add some New Year’s resolutions to your list! (More on that later.)
How to recognize Financial Planning Month and start creating your financial plan!
Creating a road map of financial goals should include short-term, intermediate, and long-term goals. While a lot of people think about what they’d like to have at different stages of life, not many of them have an actual plan to reach those goals. A recent survey found that only 33% of Americans have taken the time to create a written financial plan. The other 67% said they didn’t have time to develop a plan—or they didn’t have enough money to bother making a plan.
Having a financial plan is like having a blueprint in your pocket. Imagine a world where you can sip that beachside cocktail or cruise down a scenic byway in that lavish dream car of yours without worrying about financial implications. That’s the beauty of having a plan. It takes the stress out of money matters and lets you focus on what truly matters—living your life to the fullest.
At InVestra, we are dedicated to delivering unparalleled value to our clients through the meticulous craft of financial planning. Our Approach is centered around the belief that a well-structured financial plan is the cornerstone of financial success. Life throws curveballs, right? That’s why we believe in the power of a tailored financial plan. It’s like having a GPS along on your financial journey. Want to move into your dream house? Send your kids to college and graduate school? Start a business doing what you love? Travel the world? Your financial plan will be your guide.
It is not a document; it’s a road map tailored to your unique financial aspirations. It serves as a guiding compass, helping you navigate life’s uncertainties and make informed decisions at every turn. Whether you are planning for retirement, funding a child’s education, or safeguarding your own legacy, a financial plan empowers you with a clear vision and a structured path to achieving your goals. At InVestra, we partner with you to guide you on your path.
Our team of specialists understands that everyone’s financial journey is unique. We take the time to listen, analyze, and collaborate with you to craft a personalized financial plan that aligns with your short-term needs and long-term objectives. Our belief is that your financial plan is not just a static document but a dynamic tool that adapts to changes in your life, the economy, and the financial markets. Our commitment to planning is at the heart of our business, so we begin each new client relationship with a comprehensive plan.
Our team of specialists is here to listen, understand, and craft a plan that’s as unique as you are. We believe personalized financial strategies are only effective when they fit your lifestyle like a glove, and we do not believe in or condone cookie-cutter solutions. We are committed to helping you create, implement, and maintain a robust financial plan that stands the test of time.
Let us partner with you to turn your financial aspirations into a reality and help you move forward on your path towards a brighter financial future – hello dream home!
Important Disclosures:
This material is for general information only and is not intended to provide specific advice or recommendations for any individual. There is no assurance that the views or strategies discussed are suitable for all investors or will yield positive outcomes. Investing involves risks including possible loss of principal.
This material was prepared for the use of InVestra. Securities are offered through LPL Financial, member FINRA/SIPC. Investment advice offered through InVestra , a registered investment advisor and separate entity from LPL Financial.
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