Financial Planning Why It is Important

by Ranganath Muniyappa Marketing Manager

If you are earning enough money through your employment of business, it is very important to learn the art of managing your finance. If you don’t know how to manage your finance, all the money earned will go in vain.

There are multiple ways to invest your money which can grow year to year. Stock markets, Mutual funds, Insurance policies, Fixed deposits, Saving Deposits to name a few.

For beginners it might be difficult to understand the terminologies of stock markets or mutual funds etc. Therefore it is suggest that you consult certificated financial planners to manage all your earnings.

The Certified Financial Planner (CFP) designation is a professional certification mark for financial planners conferred by the Certified Financial Planner Board of Standards (CFP Board)^[1] in the United States, and by 25 other organizations affiliated with Financial Planning Standards Board (FPSB),^[2] the international owner of the CFP mark outside of the United States.

To receive authorization to use the designation, the candidate must meet education, examination, experience and ethics requirements, and pay an ongoing certification fee.^[3] The information relates specifically to CFP certification in the United States.^[4]

In the United Kingdom, the CFP license/designation is available to financial planners through membership of the Chartered Institute of Securities & Investment (CISI).

Coming to personal recommendation

If you are looking for Certified Finanacial Planners in Whitter I would suggest David Ortiz Advsiors.

Reason Being You spent years feathering your nest egg: tracking your investments, adjusting your allocation and sacrificing a percentage of your paycheck every month to finance a comfortable retirement. Who knew that would be the easy part. The biggest challenge for people in retirement is recreating the income streams they had when they were working. Therefore, retirees must learn to adapt their withdrawal strategy to a changing tax environment by managing their tax-advantaged accounts, such as IRAs and 401(k) plans.