Retirement Planning Specialists, Inc.
Our affiliated financial planning firm, Retirement Planning Specialists, Inc, which was founded by Jeff Fouts, provides financial planning help at all phases of personal wealth building. Developing a financial plan early in life and making smart choices throughout your life can allow you to achieve financial security for yourself and even for future generations. Let us help you to use your money to achieve success beyond your dreams.
Financial planning is not something only the wealthy must do. Regardless of your income, our legal team wants to help you put your money to work. We provide assistance to people with the creation of an initial financial plan and with updating their plans to adjust to changing circumstances. Give us a call at (678) 242-8344 to speak with an Atlanta financial planning lawyer who can provide personalized planning advice and answers to financial planning questions you have including:
- When should I start financial planning?
- What should be part of my financial plan?
- How Can a How can Retirement Planning Specialists, Inc. help?
When Should I Start Financial Planning?
You should start financial planning today if you do not have a plan in place already. Many people will work their whole lives and end up with minimal savings or with an insufficient retirement fund. When you work hard to earn a living, you deserve to be able to do things like send your children to college, enjoy your golden years, and leave a legacy for your loved ones.
Unfortunately, with the financial demands that are so common throughout the course of your life, it can be hard to accomplish both short-term and long-term money goals if you don’t have a solid plan in place. Retirement Planning Specialists, Inc. can help you to make your plan.
The sooner you work with a financial planning professional, the easier it is to be able to save enough money to achieve your dreams, since you can get the maximum benefits from compound interest. Beginning to save early also allows you to take full advantage of financial accounts with annual contribution limits, since you will not miss years of investing that you never get back.
If you are making a lot of money and have already begun to build wealth, it is also important to get financial planning advice. While you may feel as if you are on the right track with your saving and investing, there are always risks in life that could undermine your efforts and cause you to lose what you have built.
An attorney who offers financial planning advice can help you to identify possible threats to your financial security and risks that could affect your legacy. With both financial and legal knowledge, an attorney is uniquely qualified to help you find strategic ways to get the maximum benefits from asset protection tools.
What Should be a Part of my Financial Plan?
Your financial plan needs to be personalized to your life situation, income level, the ways you earn your money, and the goals you have for your future. Someone who earns wage income, for example, is going to need to put a different plan than a small business owner who may face risks to personal assets as a result of professional investments.
No matter what your situation, however, your financial plan should include setting financial goals, identifying the most strategic approach to achievement of those goals; and making use of the necessary legal tools to protect the wealth you have built once your goals are achieved. Some of the different ways in which you can complete these essential financial planning tasks include:
- Using tax-advantaged accounts, such as IRAs, which also receive legal protections including protection in case of bankruptcy.
- Setting investment goals at different phases of your life and choosing the right types of financial products to invest in.
- Using trusts, powers of attorney, and other tools to provide protection in case of incapacity or other sources of financial loss.
These are just a few of the different steps to making your comprehensive financial plan. An attorney can provide the personalized advice you need to create a plan that works for you.
How Can a Retirement Planning Specialists, Inc. Help?
Retirement Planning Specialists, Inc. can provide you with invaluable assistance so you can make smart moves when it comes to managing your money and growing your wealth. To find out how an Retirement Planning Specialists, Inc. can help you, give us a call at (678) 242-8344 or contact us online today to speak with a member of our legal team.