Financial planners have exhaustive knowledge and experience about the financial instruments and tools available for giving appropriate guidance and help you to select a portfolio that is just right for you.
Proper planning of available income options leads to better management of expenses. Financial planning fulfils your desires for larger purchases and acquisitions like car, house/shop/land, foreign travel, and leading a financially secure life forever. Judicious planning of assets provides a good return on investment.
Moreover, senior citizens need to plan, way in advance and select schemes offered by banks, financial institution, Govt., to receive monetary benefits for living a financially secure life after retirement.
However, selecting the right mix of schemes according to your needs for profit, liquidity and safety can be a daunting task as it will take a lot of time and prove NOT to be hassle free.
A financial consultant while giving solution of your problem, will take an over-view of your
(i) financial status,
(ii) commitments, and
(iii) family responsibilities
Accordingly, he gives the appropriate financial recommendations for your well being.