There comes a time in your financial life where you wonder if what you’re doing supports your long term goals. We all know saving money is important. We all understand investing is important. I reached that point a few years before I wanted to buy a house. I’d been aggressively saving towards my 401(k) and Roth IRA – both are good things. But if my goal was to save towards a house in 3-5 years, having that money “stuck” in retirement accounts wasn’t right for my goals. I never met with a financial planner or even thought about the term “financial plan,” but I should have. Instead, I just did some messy math on some scrap paper and pulled back my 401(k) contributions. We wouldn’t start working with a fee-only financial planner later on – that’s when I saw how structure and rigor could’ve helped. Both give you the confidence that you’re doing the right thing and also something easy to follow. Juggling various short-term and long-term financial goals or just knowing if you’re saving
... one of the largest curated content blog on the internet about personal finance and other financal-related matters.