Personal finances are on our minds frequently as the deadline looms to pay 2020 taxes. Whether you have to pay a lot or a little (or you get a refund!), now is the time to enlist the help of a qualified financial advisor. The experienced team of certified financial planners at Resource Planning Group of Atlanta, Georgia, can help you set goals for your financial future and show you how you can achieve them.
Tax season is the perfect time to set in motion a plan to consult a financial planner in Georgia because your copy of your completed tax returns shows a full picture of your current financial status. It allows us the opportunity to comb through your finances and identify actions you can take in particular areas to reduce your tax liability for next year.
Georgia Investment Advisor
But while reducing your tax liability is an important part of financial planning, it isn’t the only part. For instance, your tax returns will show our certified financial planners how much money you earned last year on interest in investments. If this figure is large, it will prompt us to ask you what type of investments they are.
Although certificates of deposit can be good investments, we must consider your individual financial circumstances to determine whether this is true for you. Generally speaking, a certificate of deposit will pay more interest than a savings account at a bank. But not much more. And your money can be tied up for years.
The reason CDs don’t pay very high returns is that they are a safe investment. So CDs might be the right choice for retired individuals or others for whom risk would be particularly dangerous. But for younger folks, this might not be true.
Retirement Planning in Atlanta
Regardless of your age, however, retirement planning is important. Definitely strategies change with an investor’s age and the amount of money they are able to invest each year, but any adult who is working is not too young to start planning for retirement.
As financial advisors, we often see clients or potential clients who have not gotten started with creating a retirement account because they are still working on paying down their student debt. We know that student debt can be crushing, and having a plan to get this weight off your shoulders is important too.
But at Resource Planning Group, our financial consultants help you see how focusing all your energy on paying down debt while neglecting retirement planning can be a serious mistake that affects your future, and the future of your family.
Certified Financial Planners
Financial planning and investing can be complicated. The worst part is, if you make a mistake or don’t have good advice from knowledgeable and experienced financial consultants, it could cost you a lot of money. Don’t take the risk. Call the personal financial planners at Resource Planning Group today, and make an appointment to secure your financial future.
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