Wisconsin Rapids, Wisconsin
540 Baker St
Wisconsin Rapids, WI 54494
(715) 424-1873

The Importance of Financial Planning for Your Future & How to Get Started May 18, 2017

Wisconsin Rapids, Wood
The Importance of Financial Planning for Your Future & How to Get Started, Wisconsin Rapids, Wisconsin

When it comes to planning for your future, your finances are often one of the biggest stressors. Will you have enough funds to comfortably reach retirement? Is the coverage in your life insurance plan sufficient? How do you even start? These are all common questions that proper financial planning can answer for you.

It can be overwhelming to get started on financial planning. Luckily, Modern Woodmen | Scott S Paterick CLU CHFC is a financial planner who helps the Wisconsin Rapids, WI, community reach their goals. If you’re unsure about where to begin, they provide some things you need to know about saving for the future.

Financial Planning: What to Know & How To Start

What Exactly Is Financial Planning?

financial planningSimply put, financial planning is the act of setting goals for yourself so you’re financially secure in the future. Whether that involves a retirement plan, annuities, or investment securities is ultimately up to you. Everyone’s needs are different, so depending on your goals, age, and financial state, your strategy will be specific to your situation.

Why Do I Need to Plan Ahead?

The top reason to plan ahead is to reach financial security, which means you know how much money you have, and it’s enough to live comfortably. However, people start planning for their future for a variety of reasons. You may want to ensure your family will be well off if something were to happen to you. Or, you could have dreams to travel the world after retirement. There’s no right or wrong reason to start planning.

How Would I Get Started?

The first step in preparing for the future is to find a knowledgeable financial planner and set up a consultation. During this meeting, you will go over your personal goals and current financial situation. Then, you and your financial planner will decide on the services that will be most beneficial to your needs.

If you’re looking to get started on financial planning, or you simply aren’t sure where to begin, Modern Woodmen | Scott S Paterick CLU CHFC can help. Whether you need a retirement plan, help with estate planning, or just want to learn more about your investments, they are here for you. Give them a call today at (715) 424-1873 to set up a consultation. To learn more about their services, visit the website.

Other Announcements, Events and Deals from Modern Woodmen | Scott S Paterick CLU CHFC
How to Find the Best Financial Planning Professional, Wisconsin Rapids, Wisconsin
While many approach the subject with trepidation, financial planning can actually be a relatively stress-free process with the right assistance. To this end, securing a suitable fina...read more
How Your Sequence of Returns Affects Your Retirement Savings, Wisconsin Rapids, Wisconsin
While you accumulate wealth during your working years, you can withstand a considerable amount of investment volatility because any losses you sustain are only "paper losses." This m...read more
5 Key Tips to Boost Your Retirement Savings, Wisconsin Rapids, Wisconsin
Whether your retirement is decades away or merely around the corner, you can take steps now to improve your quality of life during your golden years. Modern Woodmen | Scott S Pateric...read more
How Often Should I Review My Estate Planning Documents?, Wisconsin Rapids, Wisconsin
It is never too early to think about estate planning, and the sooner you draft a will, the more peace of mind you will have. However, once you do create a will, it is essential that ...read more