Saturday, August 19, 2023

Financial planning

With careful financial planning, retirement presents an exciting chapter filled with newfound freedom and limitless opportunities. Everyone has different dreams and priorities, from nice cars and overseas travel to spending more time at home with family and friends. For some, the very definition of thriving in retirement lies in continuous learning and service to others.

At First Financial, we dedicate ourselves to helping our clients achieve their ideal retirement lifestyle. They each have such distinct stories. One inspiring example is Val Little, who has a profound enthusiasm for learning and making a positive impact through giving back. A financial plan is a document that details a person’s current financial circumstances and their short- and long-term monetary goals. It includes strategies to achieve those goals.



A financial plan can help you to establish and plan for fundamental needs, such as managing life's risks (e.g., those involving health or disability), income and spending, and debt reduction. It can provide financial guidance so that you're prepared to meet your obligations and objectives. It can also help you track your progress throughout the years toward financial well-being. Financial planning involves a thorough evaluation of one’s money situation (income, spending, debt, and saving) and expectations for the future.

Dimple Bagga

HOD

Commerce Department

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