Financial Planning
Frequently Asked Questions about financial planning and financial planners
What is a financial planner?
A financial planner performs much like the coach of an athletic team, except the players on the field aren’t people but strategies such as cash flow, taxes, retirement, college, business planning, estate planning and insurance to name a few.
Just as a coach sets goals for each player as part of the game plan, the financial planner sets goals for each player within the financial game plan with the end goal being YOUR financial success and independence.
What is a Certified College Planning Specialist (CCPS)?
A Certified College Planning Specialist is a financial planner who knows the ins and outs of managing your money. A CCPS can help you plan for your child’s education while meeting today’s expenses and providing for your own retirement.
Why should parents, or anyone else, care that their financial planner is a Certified College Planning Specialist (CCPS)?
If you are concerned about the costs of a college education, then you should be working with a Certified College Planning Specialist.
If you are wondering how to best meet today’s expenses while helping with your children’s education and providing for your own retirement, then your financial planner should be a Certified College Planning Specialist.
A Certified College Planning Specialist knows the best ways of obtaining the kinds of college funding that will best fit your income, your goals and your lifestyle. He/she has demonstrated this knowledge by meeting the National Institute of Certified College Planners’ (NICCP) rigorous requirements for the CCPS certification.
In addition, a CCPS has agreed to refresh and expand this expertise regularly by obtaining 12 hours of continuing education credits in college planning every year.
The only place to receive this training and the CCPS designation is the National Institute of Certified College Planners.
Aren’t financial planners expensive to use?
A good financial planner, just as any other service professional, should save and earn you far more money than what you pay the planner in fees or commissions. Just as a well timed visit to your attorney or doctor can save you hundreds, if not thousands of dollars, so can a well timed visit to your financial planner.
Your financial planner can help
- improve cash flow through better budgeting
- reduce your tax liabilities
- boost investment returns
- even preventing a costly financial catastrophe through the application of insurance or other defensive measures.
Of course, then there are the intangible benefits of having a financial planner such as peace of mind, time saved and improved “fitness” in one’s financial life.
Do you need a financial planner?
- Any one who wants their finances to be secure needs a financial planner.
- Anyone with a special needs family member needs a financial planner.
- Anyone who wants to leave legacy assets to their children and grandchildren needs a financial planner.
- Anyone concerned about their long-term financial health needs a financial planner.
Contact Don Croghan about your financial planning questions. Put his team of experienced professionals to work for you today.