A financial plan is a comprehensive evaluation of your current and future financial state. It starts with where you are today and shows you exactly what you need to do today to reach your savings and retirement goals.
Using your current income, expenses, debt, spending and saving habits, assets, and investments, a financial plan captures a holistic picture of your financial well-being. It shows you exactly how you are doing right now.
What do you hope to achieve in your life? Do you want to eliminate debt, travel the world, or raise good people in a house you own? A financial plan outlines your goals and gives you a roadmap to reach them.
No matter where you are, there are things you can do right now to start working towards your goals. From changing a daily spending habit to opening a new retirement account, a financial plan gives you actionable steps you can take today.