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Robert A. Imparato, Jr CFP®
CERTIFIED FINANCIAL PLANNER™ professional
Craig A. Hyldahl CFP®
CERTIFIED FINANCIAL PLANNER™ professional
R.I.C.H. Planning Group, LLC
105 Fieldcrest Avenue, Suite #507
Edison, NJ 08837
Robert: 732-326-5240
Craig: 732-326-5240
Fax: 732-326-5331
Robert: robert@richplanninggroup.com
Craig: craig@richplanninggroup.com
Website: www.richplanninggroup.com
September/October 2023
Let a Sound Financial Strategy Guide Your Decisions
Your ultimate destination may be retirement, but having a well-thought-out strategy can help you make informed financial decisions throughout your lifetime. A good strategy can help you understand where you currently stand and help you reach the goals you set for yourself.
Who Needs It?
In a word, everybody. The importance of knowing how your money is spent and where it’s invested cannot be overstated.Your first step in the process should be to define your goals. You are saving for retirement, sure, but you will have many other goals along the way that you are striving to reach. Paying off debt, accumulating the down payment on a home, and saving for college for your kids may all be important components of your financial strategy.
How Will You Get There?
Consider the steps you need to take to reach all your goals. Participating in your employer’s 401(k) or other qualified retirement plan and contributing through automatic payroll deduction can get you started with saving for retirement. Make sure you contribute enough to qualify for any employer matching funds.Having money from each paycheck directly deposited into a savings account can help you save money to pay off debt and fund a home purchase. And, by contributing to a 529 college savings plan, you will have a head start on paying college costs.
Build Your Portfolio
Once you have defined your goals, building an investment portfolio that will help you reach them is the next step. Think about the kind of investor you are based on how comfortable you are with risk. Then consult your financial professional and come up with an investment strategy you can live with based on your goals and risk tolerance.No Limits
A financial strategy should encompass all aspects of your financial life. In concert with your attorney and tax professional, your financial professional can help you manage risk, while working toward all your financial goals.Meet with your advisors annually to review your progress and make adjustments, if necessary.
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Securities offered through Equitable Advisors, LLC (NY,NY (212) 314-4600), member FINRA,SIPC (Equitable Financial Advisors in MI & TN). Investment advisory products and services offered through Equitable Advisors, LLC, an SEC-registered investment advisor. Annuity and insurance products offered through Equitable Network, LLC, which conducts business in California as Equitable Network Insurance Agency of California, LLC; in Utah as Equitable Network Insurance Agency of Utah, LLC; and in PR as Equitable Network of Puerto Rico, Inc. Equitable Advisors and Equitable Network are affiliated companies and do not provide tax or legal advice.
R.I.C.H. Planning Group, LLC is not owned or operated by Equitable Advisors or Equitable Network. Equitable Advisors and Equitable Network are brand names for Equitable Advisors, LLC and Equitable Network, LLC, respectively.
GE-4833845.1 (7/22)(Exp. 7/24)
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