Ben Mohr - How a Financial Advisor Can Help Meet Your Goals

Retirement, one of the most important things we can plan for.

Financial planning is the process in which you lay out your financial goals - similar to budgeting but for a longer period of time. The steps of a well laid out financial plan will help to establish your future and your future financial well being. Ben Mohr and his team of financial experts gather your financial data in order to make sound financial decisions. These projections are based on investments, returns and inflation as well as how much you have saved and how much you are projected to save, earn and spend. This helps to create the foundation for a solid financial plan.

In order to set realistic financial expectations, (link to blog 5.1) it’s important to ask your financial advisor the following questions:

Ben Mohr and his team of financial experts know what it takes in order to set you up for success. Being willing to make changes to meet projections that you’d like to obtain is important. If you’d like to retire earlier - asking how much more you’d need to save vs how much less you’d need to spend as well invest, is a good question to help start the conversation with your financial planner.

Ben Mohr says a good rule to save for retirement is every year to save at least 15% of your pre-taxed income. This is merely based on an early plan beginning at the age of 25 and projected to age 67 as well as the general amount of money the average person spends during retirement. 15% is also based on the choices mage prior to retiring.

Ultimately a financial advisor or planner will help you reach your goals by answering the above questions and greetings a strategy to help eliminate financial risk while focusing on building and maintaining wealth over a long period of time.