Women often juggle many important responsibilities. They are carers, business owners, home managers, community leaders, and volunteers. Balancing these diverse responsibilities often affects their financial needs and outlook and can present some challenges in achieving their personal and financial goals. Working with a CERTIFIED FINANCIAL PLANNERTM professional can bring some clarity to women who may feel overwhelmed or unsure about their finances. CFP®️ professionals are trained to provide competent, ethical financial advice and can be reliable advisors to help you see the bigger picture. Here are five benefits of comprehensive financial planning for women.
1. It relieves financial stress. Changes in employment, family circumstances, or housing are just some of the things that can cause concern about your financial future. A CFP®️ professional can help you navigate these ups and downs and recommend sound financial strategies to keep you on track to achieve your goals.
2. Supports career transitions. Many women take their time off from work to look after their children and family members. Millions more may be reassessing their current job according to their needs and values, which may lead to a career change. These decisions have important implications for your income, earning potential, and retirement savings. A CFP®️ professional can help you clarify your priorities and plan your next career move.
3. It helps your business thrive. If you are a business owner (or would like to), a CFP®️ specialist can work with you to create a financial plan that guides you through the startup phase, the business growth, and expansion, and succession planning.
4. It allows you to specify your link. Estate planning is important for all women, but especially for those who have significant assets such as real estate, insurance policies, and
retirement accounts to bequeath. A CFP®️ professional can help you create a thorough estate plan that meets your financial aspirations.
5. It gives you confidence in your tomorrow. Creating a holistic financial plan that helps you set short- and long-term life goals is a critical step in charting your financial future. When you have a strategy and financial plan, it’s easier to make financial decisions and stay on track to achieve your goals. Visit LetsMakeAPlan.org to find CFP®️ professionals in your area. A trusted financial advisor can help you focus on your needs and concerns and effectively manage your financial future.
