{"id":900,"date":"2022-08-01T06:00:00","date_gmt":"2022-08-01T06:00:00","guid":{"rendered":"https:\/\/dynamicplanning.ca\/?p=900"},"modified":"2022-08-01T14:31:55","modified_gmt":"2022-08-01T14:31:55","slug":"the-six-steps-to-financial-planning","status":"publish","type":"post","link":"https:\/\/dynamicplanning.ca\/2022\/08\/the-six-steps-to-financial-planning\/","title":{"rendered":"The Six Steps to Financial Planning"},"content":{"rendered":"<div>\n<style type=\"text\/css\">\n@-webkit-keyframes oryCellResizeableAnimate {\n  0% {\n    background-color: hsla(0,0%,100%,.26);\n    top: 45%;\n    bottom: 45%;\n  }<\/p>\n<p>  50% {\n    background-color: hsla(0,0%,100%,.12);\n    top: 0;\n    bottom: 0;\n  }<\/p>\n<p>  to {\n    background-color: hsla(0,0%,100%,.87);\n    top: 45%;\n    bottom: 45%;\n  }\n}\n@keyframes oryCellResizeableAnimate {\n  0% {\n    background-color: hsla(0,0%,100%,.26);\n    top: 45%;\n    bottom: 45%;\n  }<\/p>\n<p>  50% {\n    background-color: hsla(0,0%,100%,.12);\n    top: 0;\n    bottom: 0;\n  }<\/p>\n<p>  to {\n    background-color: hsla(0,0%,100%,.87);\n    top: 45%;\n    bottom: 45%;\n  }\n}\n<\/style>\n<style type=\"text\/css\"><\/style>\n<div class=\"juiced\">\n<div id=\"postToSend-15\">\n<div class=\"ory-row\" style=\"box-sizing: border-box; display: -webkit-box; display: -ms-flexbox; display: flex; -webkit-box-flex: 0; -ms-flex: 0 1 auto; flex: 0 1 auto; -webkit-box-orient: horizontal; -webkit-box-direction: normal; -ms-flex-direction: row; flex-direction: row; -ms-flex-wrap: wrap; flex-wrap: wrap; margin-right: 0; margin-left: 0; position: relative;\">\n<div class=\"ory-cell ory-cell-sm-12\" style=\"position: relative; box-sizing: border-box; -webkit-box-flex: 0; -ms-flex: 0 0 auto; flex: 0 0 auto; padding-right: .5rem; padding-left: .5rem; -ms-flex-preferred-size: 100%; flex-basis: 100%; width: 100%; min-width: 100%;\">\n<div class=\"ory-row ory-cell-inner\" style=\"box-sizing: border-box; display: -webkit-box; display: -ms-flexbox; display: flex; -webkit-box-flex: 0; -ms-flex: 0 1 auto; flex: 0 1 auto; -webkit-box-orient: horizontal; -webkit-box-direction: normal; -ms-flex-direction: row; flex-direction: row; -ms-flex-wrap: wrap; flex-wrap: wrap; margin-right: 0; margin-left: 0; position: relative;\">\n<div class=\"ory-cell ory-cell-sm-12\" style=\"position: relative; box-sizing: border-box; -webkit-box-flex: 0; -ms-flex: 0 0 auto; flex: 0 0 auto; padding-right: .5rem; padding-left: .5rem; -ms-flex-preferred-size: 100%; flex-basis: 100%; width: 100%; min-width: 100%;\">\n<div class=\"ory-cell-inner ory-cell-leaf\"><img decoding=\"async\" class=\"content_to_brand ory-plugins-content-image\" src=\"https:\/\/www.appsforadvisors.com\/ufs\/advisorBrandedContent\/WzmkXsuAMsPoaonjk\/6%20Steps%20to%20Financial%20Planning%20(1)-Simon-Tanner-g3Ay7uCgAMQpcsuX9.png\" style=\"width: 100%; max-width: 612px;\"><\/div>\n<\/div>\n<\/div>\n<div class=\"ory-row ory-cell-inner\" style=\"box-sizing: border-box; display: -webkit-box; display: -ms-flexbox; display: flex; -webkit-box-flex: 0; -ms-flex: 0 1 auto; flex: 0 1 auto; -webkit-box-orient: horizontal; -webkit-box-direction: normal; -ms-flex-direction: row; flex-direction: row; -ms-flex-wrap: wrap; flex-wrap: wrap; margin-right: 0; margin-left: 0; position: relative;\">\n<div class=\"ory-cell ory-cell-sm-12\" style=\"position: relative; box-sizing: border-box; -webkit-box-flex: 0; -ms-flex: 0 0 auto; flex: 0 0 auto; padding-right: .5rem; padding-left: .5rem; -ms-flex-preferred-size: 100%; flex-basis: 100%; width: 100%; min-width: 100%;\">\n<div class=\"ory-cell-inner ory-cell-leaf\">\n<div>\n<h1>The Six Steps to Financial Planning<\/h1>\n<p>Many people put off planning for their financial future because they\u2019re overwhelmed with all the decisions they have to make. The good news is that there\u2019s help at hand \u2013 in the form of a certified financial planner. A certified financial planner is trained to focus on all aspects of your finances \u2013 everything from your taxes to retirement savings.<\/p>\n<p>A certified financial planner will develop a plan that works for you both today and in the future.<\/p>\n<p><strong>Meeting your financial planner<\/strong><\/p>\n<p>When you first meet with your financial planner, they will tell you about their obligations and responsibilities. They should:<\/p>\n<ul style=\"margin: auto 2em 1.5em; list-style-type: disc;\">\n<li style=\"list-style-type: inherit; display: list-item; margin: .2em 0 0 .2em;\">\n<p style=\"margin: 0;\">Give you a general overview of the financial planning process<\/p>\n<\/li>\n<li style=\"list-style-type: inherit; display: list-item; margin: .2em 0 0 .2em;\">\n<p style=\"margin: 0;\">Tell you what services they provide and how they are compensated for them<\/p>\n<\/li>\n<li style=\"list-style-type: inherit; display: list-item; margin: .2em 0 0 .2em;\">\n<p style=\"margin: 0;\">Let you know what they will expect from you as a client<\/p>\n<\/li>\n<\/ul>\n<p>You should let your financial planner know how involved you want to be in creating and executing your financial plan. You should also ask any questions about the process or how compensation works.<\/p>\n<p><strong>Determining your goals and expectations<\/strong><\/p>\n<p>Now you\u2019re ready to make your plan. But first, you and your financial planner should discuss your personal and financial goals and your current and future needs and priorities.<\/p>\n<p>Your financial planner will make sure they have all the details they need. They may ask you to fill in questionnaires or provide documentation on your current financial state.<\/p>\n<p><strong>Reviewing your current financial state<\/strong><\/p>\n<p>Before your financial planner can get started on your financial plan, they need to know about your current situation \u2013 including cash flow, net worth and any taxes you may owe in the future.<\/p>\n<p>To customize your financial plan, so it works for you, your financial planner must know about anything that could impact it \u2013 for example, a dependent adult child.<\/p>\n<p><strong>Developing the financial plan<\/strong><\/p>\n<p>Once they have all the information they need, your financial planner will create a customized plan that aligns with your goals, objectives, and risk tolerance. They will also provide you with information on projected returns and recommended actions.<\/p>\n<p><strong>Implementing the plan<\/strong><\/p>\n<p>Once you approve it, your financial planner should implement your plan. They should also help you contact other professionals they\u2019ve recommended to assist with your financial plan \u2013 such as a lawyer or an insurance agent.<\/p>\n<p><strong>Monitoring the plan<\/strong><\/p>\n<p>Your certified financial planner should periodically contact you to adjust your financial plan.  In addition, a life change \u2013 such as the birth of a child or retirement \u2013 may require adjustments to your financial plan.<\/p>\n<p>It can be hard to plan for the future \u2013 but you don\u2019t have to do it alone. Contact a certified financial planner or us today!<\/p>\n<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A certified financial planner is trained to focus on all aspects of your finances \u2013 everything from your taxes to retirement savings. <\/p>\n<p>The six steps to financial planning are:<br \/>\n  \u2022\tMeeting your financial planner<br \/>\n  \u2022\tDetermining your goals and expectation<br \/>\n  \u2022\tReviewing your current financial state<br \/>\n  \u2022\tDeveloping a financial plan<br \/>\n  \u2022\tImplementing a financial plan<br \/>\n  \u2022\tMonitoring the plan<\/p>\n<p>A certified financial planner will develop a plan that works for you both today and in the future.<\/p>\n","protected":false},"author":4,"featured_media":902,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","footnotes":""},"categories":[13,17],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Six Steps to Financial Planning - Dynamic Planning Partners<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dynamicplanning.ca\/2022\/08\/the-six-steps-to-financial-planning\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Six Steps to Financial Planning - Dynamic Planning Partners\" \/>\n<meta property=\"og:description\" content=\"A certified financial planner is trained to focus on all aspects of your finances \u2013 everything from your taxes to retirement savings.  The six steps to financial planning are:  \u2022 Meeting your financial planner  \u2022 Determining your goals and expectation  \u2022 Reviewing your current financial state  \u2022 Developing a financial plan  \u2022 Implementing a financial plan  \u2022 Monitoring the plan A certified financial planner will develop a plan that works for you both today and in the future.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dynamicplanning.ca\/2022\/08\/the-six-steps-to-financial-planning\/\" \/>\n<meta property=\"og:site_name\" content=\"Dynamic Planning Partners\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-01T06:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-08-01T14:31:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dynamicplanning.ca\/wp-content\/uploads\/2022\/08\/The-six-steps-to-financial-planning.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"500\" \/>\n\t<meta property=\"og:image:height\" content=\"281\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Dynamic Planning Partners\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dynamic Planning Partners\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dynamicplanning.ca\/2022\/08\/the-six-steps-to-financial-planning\/\",\"url\":\"https:\/\/dynamicplanning.ca\/2022\/08\/the-six-steps-to-financial-planning\/\",\"name\":\"The Six Steps to Financial Planning - Dynamic Planning Partners\",\"isPartOf\":{\"@id\":\"https:\/\/dynamicplanning.ca\/#website\"},\"datePublished\":\"2022-08-01T06:00:00+00:00\",\"dateModified\":\"2022-08-01T14:31:55+00:00\",\"author\":{\"@id\":\"https:\/\/dynamicplanning.ca\/#\/schema\/person\/ce70eca04b568578fff0cd6726b96847\"},\"breadcrumb\":{\"@id\":\"https:\/\/dynamicplanning.ca\/2022\/08\/the-six-steps-to-financial-planning\/#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/dynamicplanning.ca\/2022\/08\/the-six-steps-to-financial-planning\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/dynamicplanning.ca\/2022\/08\/the-six-steps-to-financial-planning\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/dynamicplanning.ca\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Six Steps to Financial Planning\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/dynamicplanning.ca\/#website\",\"url\":\"https:\/\/dynamicplanning.ca\/\",\"name\":\"Dynamic Planning Partners\",\"description\":\"Simon Tanner\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/dynamicplanning.ca\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-CA\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/dynamicplanning.ca\/#\/schema\/person\/ce70eca04b568578fff0cd6726b96847\",\"name\":\"Dynamic Planning Partners\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\/\/dynamicplanning.ca\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/bfd70097528e89c32ee853eb3534eeb5?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/bfd70097528e89c32ee853eb3534eeb5?s=96&d=mm&r=g\",\"caption\":\"Dynamic Planning Partners\"},\"url\":\"https:\/\/dynamicplanning.ca\/author\/afa\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The Six Steps to Financial Planning - Dynamic Planning Partners","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/dynamicplanning.ca\/2022\/08\/the-six-steps-to-financial-planning\/","og_locale":"en_US","og_type":"article","og_title":"The Six Steps to Financial Planning - Dynamic Planning Partners","og_description":"A certified financial planner is trained to focus on all aspects of your finances \u2013 everything from your taxes to retirement savings.  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