The True Purpose of Financial Planning

As a financial advisor, I’ve found my clients ask a broad range of questions concerning their financial situation. However, these questions are all elements of one basic question: “am I going to be okay?” Click here for a sample of the types of questions you should be asking yourself.

Did you notice what the questions have in common? It’s interesting that none of the questions have anything to do with achieving a high rate of return, what the next hot stock will be, or how to determine good times to buy or sell investments. Consequently, I believe the true purpose of financial planning is how to live the life you envision, not how to maximize your bank account.