Financial Planning

Finding a Financial Planner Most people have only a vague idea of what a financial planner does.

If you are at that point in your life when you know it’s a good idea to plan ahead, it is worth finding out a bit more.

How can a financial planner help you plan for retirement, or a different lifestyle in your later years?

How do you set about finding a good financial planner?

What are the issues to consider and questions to ask when you meet for the first time?

What will a planner do for you?

A financial planner will tailor advice to your individual financial situation and take a holistic view of your money needs. First, you’ll be asked a lot of questions about your financial situation, including your income, assets and liabilities, expenses and any health issues that may impact on your finances.

Your financial planner will want to know about your goals. All this information will enable him (or her) to give you good advice. This will be presented as a written plan with an outline of your current financial position and a recommended strategy for achieving your goals. Reducing your tax bills, improving your income, protection against financial risk and where you should be investing your money are all things an adviser will consider. Reasons for the advice and any associated risks will also be included. Your financial adviser will regularly review the plan to make sure it is still relevant to your needs.

Find out more about financial planning by clicking on the links below.

• www.ronlacoste.amp.com.au (NSW North Coast)