Being focused and applying time and attention to financial planning will help you protect and increase your assets and build overall net worth. The advisers and accountants at Numerico PC can get you on a path to your best financial plan.

Examine Your Current Spending and Set Goals
The first step toward planning your financial future is to know where you stand today. A good start is to find your net worth. Net worth is the value of your assets (house, car, savings and investments) minus your liabilities (house mortgage, car loans and debt). Your goal should be to have more assets than liabilities. Then take note of your cash flow. You have positive cash flow when your income is greater than your expenses. A negative cash flow is the opposite – your expenses are more than your income. Tracking your expenses and budgeting is the best way to help you stay positive with your cash flow. Once you are budgeting and tracking it is time to set up savings goals. There are three types of goals: short-term, mid-term, and long-term. Gary and his team of financial advisers can help you realize your goals and set up systematic programs to meet your goals.

Investing
After you have gotten control of your financial picture and goals it is time to invest in your future. Investing is great for many reasons, including building wealth, saving for retirement, providing college education and peace of mind.

Tax Planning
Being able to keep more of your hard earned money and having tax burdened minimized is very important to the professionals at Numerico PC. They can advise you on the different types of investments and how some can shelter taxes better than others for maximum savings now and in the future.

Insurance and Estate Planning
What does your family need to live if you were not around? Life insurance and estate planning walk you through the needs your family will have in your absence and how they can be comfortable even in the horrific event of your death.

National Association of Personal Financial Advisors (NAPFA) researched the following:
56% of U.S. adults lack a budget
40% of U.S. adults were saving less in 2012 than in 2011
39% of U.S. adults have no non-retirement savings
41% of baby-boomers do not have a will or estate plan
50% of Americans with children have no will or estate plan
In 1991 only 11% of American workers expected to retire after age 65. In 2012 that percentage has risen to 37%.

Don’t be a statistic, take control and get on track to a healthy financial future!

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