How About an Annual Financial Check Up?

We get check ups on our cars, our houses, ourThere are plenty of Financial Planners out there and
bodies and even our pets. However, what aboutthe relationship you have with a Financial Planner will
getting an annual financial check up on our life? We allbe very personal. So in addition, also be wary of
have dreams and goals. However, certain financialpeople who call themselves Financial Planners. A
obstacles may put a dent or act as a stop signgenuine Financial Planner is a Certified Financial Planner
against our plans to achieve those goals.(CFP®) that is regulated with the state, has an
There are many financial changes that can typicallyethical obligation to act in your interest, has no ethical
occur in any given 12 month period- being laid off ofviolations against them and follows a Code of Ethics,
a job, retirement, a natural disaster, a majorwhich consist of: Integrity, Objectivity, Competence,
purchase, an illness, the birth of a child, a marriage, aFairness, Confidentiality, Professionalism and Diligence.
divorce, a death, cost of college, providing care forThe Financial Planner may work as a Sole Practitioner
an elderly parent and so forth.or with a company. The Financial Planning Association
What does it mean to get an Annual Financial Check(FPA) and the Certified Financial Planner Board of
up?Standards, Inc. (CFP) both provide listings of Certified
Simply put, it is an annual review of your financialFinancial Planners throughout the United States.
status. Typically, Financial Planners will collect a client'sWhat can you expect from a Financial Planner?
data (check stubs, checking & creditYou can expect them to review your current financial
statements, titles for homes, tax returns, insurancesituation thoroughly and honestly. Additionally, they
policies, etc.), prioritize their goals, examine resources,will provide a financial portfolio for you. Depending on
make recommendations and implement a planyour needs and wants, they will help you stretch out
according to the client's needs and personal goals.the money you already have and can even help you
Whether you are single, married, or have a family,invest the money you are earning. A Financial Planner
you should want to be in charge of your future. It'sis interested in helping you meet your long term
vital to set both short and long-term financial goals. Afinancial goals for the future.
Financial Planner can help you to achieve these longLastly, have more control of your financial future in
term goals. Regardless of what your financial situationthis unpredictable world. And allow an annual financial
is, there are Financial Planners who specialize in acheck up to be apart of your future.
variety of areas and cater to your financial needs.Side Bar:
How can you locate a Financial Planner and how doCertified Financial Planner Board of Standards, Inc.
you know if you can trust them?