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Long Term Financial Planning

Long Term Financial Planning enables you to meet your long term financial goals in a well planned manner without any hurdles.It is a systematic step by step process of identifying your Long Term Financial Goals and taking steps to achieve these goals.

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What Time Period Does Long Term Financial Planning Address?

Long Term Financial Planning takes care of your life goals right from your youth uptill post retirement. You have to start planning early to save money for your retirement when you might not wish to work. One should start the process of financial planning at the  early stages of career to reap the benefits of longer time availability for saving and growth .

What Time Period Does Long Term Financial Planning Address?

4 Steps to Long Term Financial Planning

Set Goals

Your goals will include retirement planning, children education, Insurances, children marriage, succession planning and others.You have to set realistic and achievable goals. Determine the amount required to meet each of the financial goals.

Align Investments

Your goals will include retirement planning, children education, Insurances, children marriage, succession planning and others.You have to set realistic and achievable goals. Determine the amount required to meet each of the financial goals.

Rebalance

Changes in the markets and investment performances may vary. Review the progress of the portfolio towards the goals and make changes in the investments accordingly.

Professional Help

Good knowledge of markets and finance is needed for long term financial planning and know the latest. Seek a SEBI Registered Investment Advisor’s help and stay in peace.

5 Typical Goals For Long Term Financial Planning

Retirement Planning

Build corpus to lead a comfortable life post retirement

Children Education

Provide the education in the best college of your choice for your children.

Insurance Planning

Protect your assets and loved ones and meet your medical requirements.

Children Marriage

Let financial worries not come in the way of a happy event.

Succession Planning

Have a plan to ensure a smooth handover of your assets to your inheritors.

Conclusion

Long Term Financial Planning goes long way to let you live in peace of mind. Start planning early because the year roll by and one day income flows may reduce or stop. Consult a SEBI Registered Investment Advisor because this assures you of zero commission, compared to a certified financial planner.

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