Buying a home or saving for retirement are financial goals that can be met by having a financial plan.
is the process of creating a roadmap to achieve your financial goals, which can include saving retirement, buying a home, funding education or achieving financial independence.However, the true value of a financial plan lies in the creation andLaubscher said that financial planning should be viewed as a lifelong process that requires detailed planning and coordination.Choosing the right adviser
Laubscher said: “It does not matter if you need to meet a few times before you decide you would like to work with him or her. It’s a bit like choosing the right life partner.”Even if you can only afford to start saving a small amount of money to begin with, it is vital that to have a financial plan to work towards.You need to have an understanding of the wide range of products that are available to you and how they can work for you.
“Similarly, investment products are vehicles tailored to assist you in reaching your specific financial objectives.”Your financial plan is dynamic and will change as your circumstances change therefore you should engage with your financial adviser regularly to ensure that the plan remains up to date.
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