Financial Planning

Reach Your Financial Goals with the Right Help

Hiring the right financial adviser can help you take control of your finances and reach your financial goals. As an investor, you’ve built your nest egg to fund a comfortable retirement. A financial adviser can help you make the most of your assets and keep you on track for the long-term.

As a fiduciary and fee-only adviser, Fisher Investments knows the ins and outs of wealth planning, tax planning and helping you map out your financial future.

The Path to a Financial Plan

Creating your financial plan involves compiling your assets and goals and creating a long-term strategy to help ensure your financial future is safe. A financial adviser can help you become a proficient financial planner. Whether you’d like to invest and grow your net worth or spend every penny, a financial adviser can walk you through the following steps to your independence in personal finance.

Preparing to Plan Your Finances

Financial planning can be daunting. It often helps to understand where to start the process. Fisher Investments believes the financial planning process should start with a detailed understanding of your current financial situation. Here’s how.

You’ll want to take stock of both sides of your financial ledger—assets and liabilities. This will help you determine your current net worth and overall financial health. You can start with your financial assets, then compile the values of notable personal property—anything from cars to jewelry.

After reconciling your assets, review your debts to understand how much you owe. The most common items in this category are mortgages, home equity loans and credit card debt. Every retiree is different—you may have paid off your house, but now own a vacation property, for example. Make sure to account for every kind of debt you have.

Next, you can evaluate your budget, both income and expenses, to help you project what your future cash flow needs may be to reach your investment goals or to maintain your wealth as part of the estate planning process.

Once you have a detailed picture of your current financial situation, financial goals and you have evaluated your cash flows, you can begin to create a personalized financial plan.