Financial Planning Social Network
Should You Join a Financial Planning Social Network?
If there were a financial planning social network - a site like MySpace or Facebook but geared entirely towards members helping other members plan for their financial futures - would you want to join? For that matter, would joining a financial planning social network really be a good idea?
Think about it, the majority of the members wouldn't be those people who knew how to create financial stability; instead they would be people who - like you - are looking to ensure that they will be able to create that stability in their lives. Financial advisors who might join a financial planning social network might not be the reputable folks who understand that helping someone plan for their retirement with savings and investment strategies is about listening to the individual one on one and catering a plan to his or her needs; you'd be more likely to come across those "advisors" who are more focused on securing their own financial stability.
Organized and planned carefully, a financial planning social network might not be such a bad idea, but - particularly with internet sites - it's hard to ensure that the best laid plans are able to be followed. Sites grow quickly, people find ways to get around the rules and it's often impossible to police the sites to maintain the honesty, integrity and vision that the site was founded with. For many, it's a far better to take advantage of the old standbys of financial planning: their own knowledge and the advice of a local financial advisor who can help them to understand their situation and make the right savings and investment decisions.
As for gaining the knowledge that you need in order to plan for your financial future, rather than joining a financial planning social network, consider downloading our free retirement calculator. With it, you will be able to look at your savings and investments as they currently are to determine whether or not you are heading in the right direction. You will be able to see how the stocks and mutual funds you've invested in have performed historically and whether or not the projected performance will help you to reach your financial goals. You'll also be able to calculate your savings and develop a sense of what you need to do to secure the income you'll need to have once you've retired.
When you download our retirement calculator, you won't only enhance your own knowledge of your finances, but you will receive a followup call from a financial advisor in your area. When you hear from a financial advisor after you have had the opportunity to look into your own financial situation, you will be able to discuss where you are, where you want to be and ask the questions that you have. More importantly, you'll be able to get the advice that you need, answers to your questions, that will help you to make the choices that are right for your situation.
With a financial planning social network, you might receive decent advice, but you might just as easily be led astray. With a retirement calculator and conversations with a financial advisor, on the other hand, you can be sure that you're getting the personalized recommendations that you need so that you can be sure that you reach your goals.