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Financial planning is powerful

Financial planning is a different experience for everyone, and it is especially different depending on who you work with.

Financial planning is an on-going process of developing efficient strategies that address your unique set of goals. Goals (a fancy word for things that you want) can be quantifiable, qualitative, tangible, and even intangible. Some goals will also have a higher priority than others, which will vary based on personal circumstances. For example, these prioritized goals may look something like:

  1. Enjoy my life to the fullest and not have to worry about my finances
  2. Leave a legacy or inheritance for my children or grandchildren
  3. Stop working early (i.e. age 50) but not fully "retire" as I still enjoy consulting
  4. Sell my business in an efficient manner
  5. Strategize in order to pay the least amount in taxes as legally possible


Even while some people may have similar goals to others, everyone will be in different stages of their life. Therefore, financial planning is for all walks of life, not just the ultra-affluent.

In fact the earlier you start planning the better, as it will help you accumulate your own wealth in the most efficient manner possible. On the flip side, you will surely want a good plan to distribute that wealth and make sure your hard-earned legacy doesn't go to waste.

Paying too much in taxes

Do I Need a Financial Advisor?

Those who truly have the desire to care for their family financially and want to "squeeze out" the most efficiency with their wealth or nest egg should eventually engage with a qualified financial advisor/planner.*

*Note that not all financial advisors/planners are created equal and the terms are often used interchangeably.

Most people think of their finances on the same level  (if not a higher level of importance) when compared to their own physical health. Yet everyone pays for health insurance (typically on a monthly basis) knowing that eventually they may need a doctor or medical professional to help them when they become sick, want a check-up, or have a random medical emergency.

This is what a good financial advisor can do for your finances! We believe it is in your best interest to also have a professional on your side to monitor your financial health, give ongoing advice to better your financial health, and be there to advise you when it comes to making financial decisions small or large.

If you choose to hire a financial planner, choose one that fits your situation. You might start by making sure they are a CERTIFIED FINANCIAL PLANNER™ practitioner, and then asking or researching what type of clientele they specialize in. 

This is meant for educational purposes only.  It should not be considered investment advice, nor does it constitute a recommendation to take a particular course of action. Waddell & Reed and its representatives do not offer tax or legal advice.  Please consult with the appropriate professionals regarding your personal situation prior to making any financial related decisions.

Schedule a brief call to see if planning is right for you