Step 7: Update

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Re-evaluate your life-long goals and anticipate economic factors that affect your plan.

• Rate of inflation.
• Your federal income tax bracket.
• Interest rates.
• Overall economic conditions.

Re-inventory your resources and update your work sheets, so you can see what adjustments you need to make to your financial plan.

Consider Financial Assistance

You may want to consider working with a CERTIFIED FINANCIAL PLANNER^™ (CFP^®) practitioner if:

• You want to improve your overall financial situation but do not know where to start.
• You would like a professional to evaluate your existing financial plan.
• You need specialized advice about investment strategies, risk management, estate planning, or adapting your savings plan for changing family circumstances.
• You have experienced a specific life event, such as a job change, wedding, the birth or adoption of a child, retirement or the death of a loved one.
• You simply do not have time to build your own financial plan.
• You have multiple goals, such as saving for college and retirement, and need help balancing these goals.

Selecting The Right Planner For Me

• Ask individuals you respect for names of financial planning professionals they have used.
• Ask about the planner's background and work experience.
• Ask as many questions as you need to understand and feel in control of your financial future.