Financial planning - why do I need it?
A financial plan can help you balance your everyday needs against your long-term goals and enhance the probability of a secure retirement. What’s more, it can introduce you to a means to help achieve a retirement income you cannot outlive, as well as help you plan to create a lasting legacy.
A good financial plan deals with the present as well as the future. You start with where you are now – your assets, debts, family obligations. Then it considers your current spending habits, creating a workable budget and maintaining an emergency fund. What are you saving for besides retirement? Your kids' college education? Major home improvements? It also considers the suitability of your investments, which can change over time. Then there's life insurance to help minimize risk, and estate planning issues to help ensure your assets are distributed according to your wishes.
Some people think a comprehensive financial plan must be prohibitively expensive, however as an AIG Retirement Services group participant, your financial plan could be complimentary.
When it comes to financial planning, there are many misconceptions. Some people think a comprehensive financial plan must be prohibitively expensive, but with AIG Retirement Services your plan is complimentary. Others think a financial plan is a set of prefab solutions stamped out by a cookie cutter, which is not the case. Your financial professional tailor-fits your plan to your individual situation. Financial planning and other financial advice are provided through VALIC Financial Advisors, Inc. (VFA). Finally, maybe you think you'll create a plan, but nothing will come of it. Again, no. Your financial professional will help you implement the plan and meet with you annually to check your progress.
Every financial plan is unique, but the process to create one has four distinct steps.
Securities and investment advisory services offered through VALIC Financial Advisors, Inc. (“VFA”), member FINRA, SIPC and an SEC-registered investment adviser.
Annuities issued by The Variable Annuity Life Insurance Company (“VALIC”), Houston, TX. Variable annuities distributed by its affiliate, AIG Capital Services, Inc. (“ACS), member FINRA.
AIG Retirement Services (“ARS”), represents AIG member companies -The Variable Annuity Life Insurance Company (“VALIC”) and its subsidiaries VALIC Financial Advisors, Inc. (“VFA”) and VALIC Retirement Services Company (“VRSCO”). All are members of American International Group, Inc. (“AIG”).
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