Who Really Needs a Financial Plan?

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Do you have a goal you are chasing?
Do you know how you will fund that goal?
How does that funding effect your other priorities?
Do you have your goal sufficiently protected?
Is your goal achievable within your required time frame?
Do you have a contingent plan?

A Comprehensive Financial Plan will allow you to confidently answer these questions.

Creating a Financial Plan is a process that can help you target your goals by evaluating your whole financial picture, then outlining strategies that are tailored to your individual needs and available resources.

  • While all ages and stages of life can benefit from a financial plan, young adults in their 20’s & 30’s can benefit the most as it will allow them to make smart financial decisions early in life allowing them to accumulate wealth quicker and with less effort.
  • A financial plan for a middle aged adult in their 40’s & 50’s will prioritize multiple and often conflicting goals as their families, responsibilities and portfolio grow.
  • As 60 year olds approach retirement, a Financial Plan will offer insights into maximized pre-retirement fund growth.
  • After retirement the plan will provide a strategy to minimize the possibility of running out of money.

The financial planning process doesn’t end once your initial plan has been created. Your plan should generally be reviewed at least once a year to make sure that it’s up-to-date. It’s also possible that you’ll need to modify your plan due to changes in your personal circumstances or the economy.

Start your new year off with a clear vision of your financial future. Your financial plan will allow you to:


We will begin your plan by asking you what your financial goals are. For couples, sometimes doing this exercise alone is enough to get the two partners on the same page. We find that many people spend more time planning their vacation than planning for retirement or for their financial goals.


We will do a cost-benefit analysis of your goals. This process will determine if your goals are realistic and attainable. It will also reveal if you have more goals that resources and if your goals are attainable within your timeline.


Once the plan is in place, you can set up measurable goals, such as regularly contributing a specific amount of money toward either savings or debt over a period of time


Having an outside expert look at your financial picture might reveal opportunities to make or save money that you hadn’t thought of.


Part of a financial plan is looking at risk capacity: What is your risk of becoming disabled and being unable to support yourself or your family, or dying early and saddling your family with an unmanageable mortgage payment?


Once you know where you’re headed and how long it will take to get there, then you can look at your cash flow to find out if you’re spending more money than you’re taking in.


A financial plan will show you how your financial goals are related–for example, how saving for your children’s college education might impact your ability to save for retirement. You can then use that information to decide how to prioritize your goals, implement specific strategies, and choose suitable products or services.

At Kuderer Financial, LLC we will guide you through your financial planning process by giving you objective information and ensuring all angles of your financial picture are covered. Contact us today to get your strategy started.