Financial Planning Opportunities
Financial planning means different things to different people. There is no one size fits all. There are certain factors that may affect one family or individual and not others. When developing a plan it’s important to consider all aspects of your situation. Do you anticipate an inheritance? Are you protected against the potential threat of nursing home expenses? Is your income in retirement going to be taxed as ordinary, capital gain or passive income? Do you expect the amount of income you are taking in retirement to affect your social security or Medicare?
And since you can’t plan for the unknown, it’s important to have a plan that is flexible and can change with different life events.