Expert highlights steps for success as part of Financial Planning Month
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MILWAUKEE (CBS 58) -- Financial professionals are emphasizing the importance of creating a comprehensive financial plan during Financial Planning Month.
Tom Neumann, a financial advisor with Drake & Associates, joined us on Thursday, Oct. 24 to talk about some key steps that can help people regain control of their finances.
A solid financial plan, according to Neumann, addresses areas such as tax strategy, income planning and estate planning. A written plan, he explained, can reduce financial stress and build confidence.
Neumann recommends setting short-, mid-, and long-term financial goals, tracking spending habits and incorporating tax planning. Comprehensive retirement strategies are also essential to ensure long-term financial stability.
Visit Drake & Associates online by clicking here.