Why It’s Never Too Late To Start Investment Planning

The older we get the faster life seems to move. In the blink of an eye, many of us go from starting at our first job to winding down for retirement, and everything in between.

Keeping up with the pace of everyday life can be difficult. People often put projects on the back burner, such as going back to school, learning a new hobby, or investment planning for the future.

There is, too, the misconception that at some point in life, it’s just too late to do these things.

This simply isn’t true.

As financial advisors, we understand that life happens fast and it can be hard to prepare for the future when you’re so focused on the present. Many people are not sure where to start and that’s where we come in to lend a hand.

Keep reading to learn about the options available to you to start investment planning, no matter where you are in life.

What is Investment Planning?

Developing a financial plan is an important step people should take to pave the way for big life events. Events ranging from gearing up for college, getting married, having a child, retirement planning, or dealing with the loss of a loved one. Financial planning involves assessing your current financial situation, determining short and long-term monetary goals, and creating a strategy to meet these goals.

Financial planning and investment planning go hand in hand. Once you’ve created a financial plan, you’ll be able to see how much money you have available for investing.

The key to finding the best investment plan for you is in laying down the groundwork: what are your priorities? Are you looking to create a safety net to fall back on as you age or are you motivated to generate cash as quickly as possible for big, short-term plans?

Or, something in between?

There are several strategies that financial planners utilize to support their clients, depending on their financial goals.

Creating a Strategy

If you’ve had a late start in building a wealth strategy, have no fear, a financial planner can show you ways to generate money to meet your needs.

Short-term investments are an important avenue for people to consider when in need of cash quickly. A financial advisor can help direct you to the right products to start making money right away. There are several options available for those in need of a 5-year investment plan or sooner, including CDs, Money market mutual funds, and Short-term bonds.

Another strategy that advisors utilize is Flexible Plan Investments. This is a turnkey program that allows financial advisors to diversify your portfolio, meaning, they can combine several different short and long-term strategies to best leverage your investment.

Maybe you have a little more time and are just looking for a way to get started? Taking advantage of employee-match retirement plans that are offered by your company is also one way to build wealth quickly.

The Right Time to Start Investment Planning Is… NOW

It’s okay if you haven’t been sure how to get started, the important thing is making that first step. Maybe you’re thinking about retiring in Delaware and not sure how to prepare? Or, you’ve decided to embark on the start-up you’ve always dreamed of and are looking for strategies to build capital.

The time is now to talk with a financial professional about investment planning.

So, whether you’re looking for financial advisors in Delaware or need assistance with FRS investment planning in sunny Florida, our team of professionals is available to help you here, there, and everywhere in between.

Contact us today to learn more about our services and let us provide you with the right financial solutions to meet your needs.

How to Get Help Setting up an Investment Plan

The investment landscape has never been more convoluted. There are so many opportunities available for the everyday investor. Many don’t take the time to think about what their options even are, let alone which one’s going to best serve them.

In the United States, nearly 75% of investment plans are set up by an employer. This means that the work is done for them. The funds are deposited each month and they don’t have to think about it anymore.

There are a lot of different ways you can set up an investment plan, however. Different configurations will serve different needs.

The good news is that with so many options available, there’s a type of investment plan that’s perfect for everybody. Here are some things to think about to help you pick the perfect investment plan!

#1: Decide On Goals and Timeframe for your Investment Plan

There’s no such thing as a boilerplate investment plan. Someone starting an IRA at 20-years old is going to have vastly different needs than someone who’s going to be retiring in the next 5 years.

Say your goal is to set up a retirement plan. This is going to be on a lot of people’s minds considering that only 56% of employees have a workplace retirement plan. Considering how uncertain the future is, it’s in everybody’s best interest to be preparing for every eventuality.

Identifying your investment goals requires doing some introspection on what you want your future to look like, also. Will you be hoping to travel the world? Will you be going into a secondary career once your main job ends?

All of these factors will influence how you set up your investment planning.

#2: Decide How Much Help You Want

Once you know what you’re hoping to achieve and how long you have to realize your goal, you’ll have a better idea of how to go about setting up your investment plan. You could do the legwork to figure out how to set up your own account. Or you could find a trusted financial advisor to work with and guide you through the process.

Some may want a set-it-and-forget-it approach to investment planning. Others will want a detailed, ongoing analysis of how their investments are performing.

Working with a financial advisor gives you the best of both worlds. A financial planner will monitor your investment plan and make sure that it’s performing up to its potential.

#3: Pick a Plan

There are a lot of different ways you can set up an investment plan. Different kinds have different benefits, which often have to deal with taxes.

Some of the most popular types of investment plans include:

  • 401 k
  • Roth or Traditional IRA
  • Taxable account
  • College savings account

We mention the last two as there are more to investment plans than simply retirement plans. This is another reason to work with an investment planner, as they can work with you to realize your particular goals.

Setting up an investment plan the right way sets your future up for success. Get started now and get the future of your dreams!

Looking For Investment Planning?

Having a financial advisor with your best interests in mind is worth more than their weight in gold! Whether you’re looking to set up an investment plan or help with your income taxes, we’ll always be in your corner and working for your financial future.

If you’re ready to find out what Gold Star financial planning looks like, contact us today!

Why It’s Never Too Late To Start Investment Planning

Why It’s Never Too Late To Start Investment Planning

The older we get the faster life seems to move. In the blink of an eye, many of us go from starting at our first job to winding down for retirement, and everything in between.

Keeping up with the pace of everyday life can be difficult. People often put projects on the back burner, such as going back to school, learning a new hobby, or investment planning for the future.

There is, too, the misconception that at some point in life, it’s just too late to do these things.

This simply isn’t true.

As financial advisors, we understand that life happens fast and it can be hard to prepare for the future when you’re so focused on the present. Many people are not sure where to start and that’s where we come in to lend a hand.

Keep reading to learn about the options available to you to start investment planning, no matter where you are in life.

What is Investment Planning?

Developing a financial plan is an important step people should take to pave the way for big life events. Events ranging from gearing up for college, getting married, having a child, retirement planning, or dealing with the loss of a loved one. Financial planning involves assessing your current financial situation, determining short and long-term monetary goals, and creating a strategy to meet these goals.

Financial planning and investment planning go hand in hand. Once you’ve created a financial plan, you’ll be able to see how much money you have available for investing.

The key to finding the best investment plan for you is in laying down the groundwork: what are your priorities? Are you looking to create a safety net to fall back on as you age or are you motivated to generate cash as quickly as possible for big, short-term plans?

Or, something in between?

There are several strategies that financial planners utilize to support their clients, depending on their financial goals.

Creating a Strategy

If you’ve had a late start in building a wealth strategy, have no fear, a financial planner can show you ways to generate money to meet your needs.

Short-term investments are an important avenue for people to consider when in need of cash quickly. A financial advisor can help direct you to the right products to start making money right away. There are several options available for those in need of a 5-year investment plan or sooner, including CDs, Money market mutual funds, and Short-term bonds.

Another strategy that advisors utilize is Flexible Plan Investments. This is a turnkey program that allows financial advisors to diversify your portfolio, meaning, they can combine several different short and long-term strategies to best leverage your investment.

Maybe you have a little more time and are just looking for a way to get started? Taking advantage of employee-match retirement plans that are offered by your company is also one way to build wealth quickly.

The Right Time to Start Investment Planning Is… NOW

It’s okay if you haven’t been sure how to get started, the important thing is making that first step. Maybe you’re thinking about retiring in Delaware and not sure how to prepare? Or, you’ve decided to embark on the start-up you’ve always dreamed of and are looking for strategies to build capital.

The time is now to talk with a financial professional about investment planning.

So, whether you’re looking for financial advisors in Delaware or need assistance with FRS investment planning in sunny Florida, our team of professionals is available to help you here, there, and everywhere in between.

Contact us today to learn more about our services and let us provide you with the right financial solutions to meet your needs.

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