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Financial Planning

What is financial planning?

Financial planning is the process of helping individuals and families reach their financial goals through budgeting, investing, tax planning, retirement planning, or estate planning.

Financial planners can help create a plan that addresses their current financial situation, where the client wants to be in the future, and how to get there. Financial planners can offer a variety of services like tax planning, which involves preparing and filing taxes, maximizing tax refunds, and minimizing tax liability. They can also help clients create a budget for everyday spending and start saving for long-term goals like college education or retirement.

Financial planners are often paid using a flat rate, hourly rate, or a percentage of assets under management.