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The prospect of having to pivot financially especially suddenly might feel overwhelming.
Youve got to align your life plan with your financial plans.
… an advisor has more clarity and can be less emotional.
[They] can be impartial and show how that decision might impact the long-run, he said.
An example might be how much house [you] should buy and how to finance it.
Maybe a little less house and more savings would work out better.
The same is true with the purchase of an expensive car the main goal is efficient transportation.
Each piece represents a goal like marriage, homeownership or retirement, said Thompson.
Without thoughtful planning, it can be challenging to visualize how these pieces connect to form a complete picture.
Thompson said that the timeframe of your goal can influence your strategy and how aggressively you implement it.
Time is the greatest asset when it comes to saving for long-term events.
To prepare for these events before they happen, you should have high quality insurance.
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