It pays to have a plan

“Although conducted prior to recent events, the findings show that those with a comprehensive planning relationship feel more in control of their financial future and believe they are more prepared for the unexpected. This outlook keeps them focused on long term goals rather than reacting to market events, which is critical during these difficult economic times,” said Jim Barnash, CFP(R), national director of Financial Planning, Ameriprise Financial.

“Not all financial plans are alike,” added FPA president Mark Johannessen, CFP(R). “A comprehensive financial plan addresses both financial and personal goals. While some plans focus on a few areas such as investments or retirement, a comprehensive plan can cover a person’s whole financial picture, including cash flow, investments, retirement, taxes, estate, education and protection or insurance needs.”