Simply put, a financial plan is a projection of expected spending versus income over a set period of time. A sound financial plan is a must-have for anyone planning to have a comfortable life after retirement. You do not want surprises when you at your most vulnerable; when you can no longer work. The key is to ensure you take care of everything now. Here are a few factors to remember that will impact on your financial plan.
25 March 2018
Although your primary purpose for starting a clinic may be to serve others, there is so much more to it than that. There are many different systems that have to run in the back-of-the-office if you're going to keep your clinic running smoothly. Among these, your financial system stands out. It is so important for you to keep your budget and financial strategy in order because a single misstep could be costly.
21 January 2018
Right now, you are in the prime of your life and making good money at a job you love. However, in 30-40 years, you are going to have to pay good money for long-term care. If you want to make sure you get the best out of the long years of your senior life, consider a health savings account. Long-Term Care Is Rising In Costs The scary thing about long-term care is that it can cost thousands of dollars a month.
19 November 2017
Living on a budget might not sound like the most exciting way to live, but budgets are vital if you want to succeed financially. A budget helps you control where your money goes, and living on a budget increases the likelihood that you will save money. When you live like this, you may be able to reach your financial goals faster; however, you should take the time to reevaluate your budget and finances each month for the following reasons.
23 August 2017
Most twenty-somethings do not have much of anything in the way of assets yet. Most of them also are not planning for their futures or for retirement. However, it is generally recommended that you start planning for retirement as early as your twenties or thirties. Early planning leads to greater wealth amassed over the course of the next thirty or forty years if you start planning early. Yet part of the planning process is bequeathing your wealth to heirs you do not yet have.
27 February 2017
Financial planning is something that many people neglect, but even those who do plan ahead often neglect important areas of their future. The following are three often neglected areas of financial planning. After death expenses If this is not planned for, it can become a financial burden for surviving loved ones. There are a variety of expenses that can be created by your death, but the most obvious are those related to your funeral.
20 October 2016
Like any area of life, it pays to keep your finances in order. Organizing your finances lets you ensure that your money is being used wisely. It also helps eliminate financial clutter in your life. Get your finances organized with these three steps. 1. Close Accounts That No Longer Fit Your Needs Over your life, it is possible you have accumulated an assortment of accounts that you no longer need. Start by closing any checking, savings, or investment accounts that you no longer use.
19 October 2016