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Creating a Personal Financial Plan

Business Bits with Jim Farrell

Creating a Personal Financial Plan

In this episode Jim discuses the importance of having a Personal Financial Plan with Ryan Zacharczyk a Certified Financial Planner, and Certified Retirement Planning Consoler. Listen as Jim and Ryan discuss the elements of putting a Personal Financial Plan together, potential pitfalls, and how it is critical to periodically review your Personal Financial Plan.


The success of the financial planner should not be based on the number of products a client purchases, but on the financial success of his or her clients. This is why no referral fees, commissions, or other third-party reimbursements from the implementation of recommendations are accepted by Ryan Zacharczyk. Ryan believes compensation by a predetermined fee rather than commissions assures that the financial advice clients receive is unbiased and always in their best interest. Ryan explains the importance of looking at the Total Financial Picture in developing your Personal Financial Plan, including estate planning, investments, insurance, taxes, real estate, and even aid in the deciphering of Social Security and Medicare.



        

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