What does a financial plan include?

A financial plan should differ based on the requirements of each individual, there is no “one size fits all” option. A professional financial planner will take the time to create a plan that suits your lifestyle, age and financial position.

Your financial planner will work with you to determine your long and short term goals and tailor a plan specifically for you.

A financial plan could include advice and recommendations around the following:

• saving and investing
• paying down debt
• insurance
• tax
• retirement planning
• estate planning

In addition, education funding, charitable planning and business succession planning could also be covered if required.

A good financial plan should alert you to changes that must be made to achieve long and short term goals, such as decreasing spending or changing asset allocation.  The plan should include a snapshot of assets and liabilities to serve as a benchmark for measuring progress towards financial goals. Financial plans should be fluid, with occasional adjustments when financial changes occur. Regular and ongoing reviews of your financial plan are vital.

At Greentree Financial we use a 10 Step Process to determine your requirements. Together we define your goals, analyse and evaluate your current financial position and make recommendations based on these findings. Let’s talk about your financial planning needs and let us help you reach your financial goals.