Business Lifestyle

Financial Planning In The United States

Jane Wibowo
Written by Jane Wibowo

As a “first-generation” immigrant myself, I really respect anyone who is making a headway toward becoming financial independent in this country. Many of these first generation immigrants are successful professionals; however, some of them may have a barrier with language, difficulty adjusting with the diverse cultures and lack of general knowledge about the US customs; therefore, limiting the ability to plan for their financial future in this country.

Many immigrants are ignorant or naive about the importance of financial planning. They believe that Financial Planning is needed only for the “rich”.  Contrary to what most people believe, financial planning is needed by every individual, families, business owners or even retirees despite how much money they have, even though the degree of financial planning will vary based on their current financial circumstances.

If anyone feels confident that he is addressing all of his financial concerns and he is doing so in the most appropriate way possible, he probably does not need a professional financial plan.

However, if you are like most people who have taken some steps to reach a few of your goals but you know that there are still much more you can do, but not sure on how to go to the next level, then a professional financial plan might be right for you.

It is never too early or too late to develop an effective plan that can help you grow your estate, protect your assets, and increase your investments with confidence. A financial planner can provide you with a clear picture of where you stand today and a road map of where you are going. That includes developing your financial strategy, implementing your plans and monitoring your progress toward your goals.

An important first step in the process is to step back and look at all of your financial needs as part of a bigger and unconnected picture of your life.

Part of the financial planning will include:  assessing your financial situation, saving for major expenses, protecting against financial crisis, college planning, retirement planning, tax planning, investment planning, and estate planning.

To see if you can benefit from a plan, please invest an hour and sit down with your financial planner/ professional to determine whether a plan could make a valuable difference in your life and your family’s.


About the author

Jane Wibowo

Jane Wibowo