Only 30 percent of Americans have a long-term financial plan, however, having a financial plan for you and your family is a great way to stay on the path to meeting your financial goals. By reviewing your financial situation with an advisor and putting down your goals on paper, you will have a clear path on how to move forward.
If you don’t have a financial plan in place, don’t worry. No matter what your situation is, an advisor can help you gather and review all of the necessary information to create realistic financial goals and a plan to achieve them.
Before meeting with an advisor to create your plan, you’ll need to have some documents in order and a good understanding of your living expenses. Here are some items an advisor may ask you for to create a holistic financial plan:
This may seem like a long list but it’s important for your advisor to have the whole picture of your finances to prepare an accurate plan for you. You may feel hesitant to share so much personal information with your advisor but it’s best to be as open as you can. Your advisor is here to help and has your goals in mind. The more honest you are during the planning process, the more accurate your plan will be to help you achieve your goals.
To get started on your financial plan, FNBO’s free financial assessment is a great place to start or you can get connected with an advisor today.
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