Financial Planning
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Financial Planning
Dennis Cozen is all about making it easy for medical and other professionals
to plan their financial goals in the most convenient and useful manner
possible.
When it comes to the future, planning is where it all begins. Locking in
a financial future requires a plan, whether you realize it or not.
Without an effective plan, your hope for a financial future is at risk.
Financial planning the
Dennis Cozen way is a simple and friendly experience. He makes it simple by
walking you through four key questions.
- Where do you want to be?
- How much time is left to get there?
- Where are you now?
- What are the actions to take now to pursue your financial future?
Question #1: Where Do You Want to Be?
Setting an investment goal is no different than choosing any other goal.
First: What do you want and when do you want it?
Second: How much money will it really take for you to pursue what you want?
Knowing your goal specifics is the key in making your financial blueprint. If you don't
know where you want to be, there is no basis for a financial strategy. With no
strategy in place it is highly unlikely that you will like where you end
up.
Question #2: How Much Time is left to Get There?
The time available to pursue your investment goal drives many of the decisions
in financial planning.
As you get clear on the specifics of what you want and when you want it, you
will need to:
- Accept the time you set to get there;
- Reject the time and make alternative choices in your financial design or;
- Adjust your goal or starting point to pursue your goal.
Time is the key factor in monetary planning. The relationship between time
and rate of return plays a huge role in money. If you have 20 years and
can earn eight percent, you're going to think about planning your money differently
than if you have 5 years and a risk tolerance that will only earn five percent
return.
Question #3: Where Are You Now?
How do you know where you are now? In terms of money, there are three ways to
know:
- Your net worth; and
- Your monthly investment dollars
- Your current tax situation
Question #4: What Action Will Get You There?
Your risk tolerance and your time horizon, in the hands of a
financial planner, will give you a set of options for action.
The choices are simple:
- Adjust the time line
- The amount of risk you are willing to tolerate
- Adjust the size of the goal
- Mitigate the impact of taxes
Your life requires a financial structure for you to get the most of what you
want. Dennis Cozen will help you balance the four elements above to your
individual plan requirements. His mission is to give you a financial
agenda given who you are and what you desire.
The first step
to solid financial planning^ is a phone call or email away.
For a no risk, no obligation, no pressure discussion, call Dennis Cozen
and request an appointment today.
Dennis is a former high school math teacher who became a financial planner
and tax consultant over 10 years ago. His analytical skills combined with a warm
and friendly style and no-nonsense approach to monetary planning may be just
what you need to take the first steps towards a solid financial future.
NOTE: The rates of return shown above are purely hypothetical and do not represent the performance of any individual investment or portfolio of investments. They are for illustrative purposes only, and should not be used to predict future product performance. Specific rates of return, especially for extended time periods, will vary over time. There is also a higher degree of risk associated with investments that offer the potential for higher rates of return. You should consult with your representative before making any investment decision.
