Financial Planning
Navigating finances can be a challenging endeavor
without professional guidance. We can help.
Financial Planning
Navigating finances can be a challenging endeavor without professional guidance. We can help.
What is Holistic Financial Planning?
In today’s world full of ever-changing financial options and information, clients expect more than just investment advice when seeking financial guidance. They want a financial professional who understands the entirety of their life, including their dreams and aspirations, beyond finances.
Holistic financial planning addresses this by considering a client’s complete life and financial situation when developing their plan. The goal is not only to help clients achieve financial objectives but to also support them in leading a more meaningful and fulfilling life.
Concerning Financial Trends
A lack of planning continues to impact the quality of life of many Americans, highlighting the need for trusted financial guidance. Here are some pertinent statistics:
1. The Impact of Financial Anxiety:
- An uncertain financial future can lead to a lot of stress and anxiety. A survey found that nearly 90% of Americans have lost sleep due to worries about the economy and health, with finances causing sleep loss in 87% of respondents.1
- More than half of Gen Z (56%) and millennials (51%) report that their finances keep them up at night. 2
- A study revealed that 66% of Americans believe their financial planning needs improvement, suggesting a gap in accessing or utilizing professional financial advice. 3
2. Insufficient Savings:
- Approximately 55% of households aged 55–64 have less than $25,000 in retirement savings, with 41% having no savings at all. 4
- Nearly 37% of individuals couldn't afford an unexpected expense over $400. 5
Why it Matters
A lack of planning continues to impact the quality of life of many Americans, highlighting the need for trusted financial guidance. Here are some pertinent statistics:
Reduction in Financial Stress:
A study found that 83% of people who have worked with a financial professional feel less stressed thanks to their help. 6
Increased Wealth Accumulation:
Those with a formal financial plan are over two to almost four times wealthier than those without one, contribute more toward their retirement, and more likely to have an advisor. 7
Improved Financial Literacy:
Financial planning exposes individuals to potentially helpful strategies they may not have considered, thereby enhancing financial literacy. This increased awareness can lead to more informed financial decisions and better management of personal finances. 8
Financial Wellness:
Financial planners provide benefits such as increasing wealth, preventing loss, and smoothing consumption. Engaging in financial planning helps individuals make informed decisions that contribute to economic well-being. 9
Reduced Mortality Risk:
A lack of financial planning and future orientation in financial behavior is associated with a higher mortality risk. Participants with shorter financial planning horizons had a 7% to 9% greater hazard of dying over a 10 to 22-year period, even after controlling for various factors. 10
These findings underscore the critical role of financial planning in promoting financial health, security, and overall quality of life. FundaDream is committed to helping guide you on the path to trusted financial planning.
Our Approach
Our approach to holistic financial planning is comprehensive, considering all aspects of your financial life, and implements a plan that lays out – and keeps you on – a path to achieve your life goals.
Our financial professionals integrate progressive strategies around finding the right investments, risk management, protecting your family and finances, college planning, retirement goals, efficient tax strategies, and estate planning.
The aim is to achieve financial well-being and security, ensuring that all financial decisions are aligned with your overall life goals and values.
Studies show those with financial plans are 2.5 times more likely to save enough for retirement. 11 Our financial professionals meet strict guidelines for trustworthiness, high ethical standards, and professionalism.
Whatever your financial dreams look like, let us help you get there.
- American Academy of Sleep Medicine, “Financial and health-related worries keeping Americans up at night, survey shows”, September 2022
- New York Post, “Why Gen Z, Millennials are losing sleep over money compared to older adults”, November 2023
- PR Newswire, Northwestern Mutual, “Two-Thirds of Americans Say Their Financial Planning Needs Improvement”, July 2023
- Center for Retirement Initiatives, Georgetown University, “The Aging of America: Picture of Work and Retirement”, March 2018
- The Currency, Empower Study, “Over 1 in 5 Americans Have No Emergency Savings”, April 2024
- Deaton, Holly, “Americans Without Advisors Are More Stressed. So Why Aren’t They Engaging with Financial Professionals? – RIA Intel.” RIA Intel, 10 Apr. 2023
- Rowe Price, Retirement, Inc., “Survey Reveals Growing Importance of Financial Planning for Retirement”, March 2024
- SmartAsset, “Why Financial Planning Is Important”, November 2024
- SSRN, “Quantifying the Economic Benefits of Personal Financial Planning”, Financial Services Review Vol.19 No.2, 2013
- National Library of Medicine, PMC, “A lack of financial planning predicts increased mortality risk: Evidence from cohort studies in the United Kingdom and United States”, September 2023
- AdvisorHub, Alden Investment Group, “The Importance of a Living Financial Plan”, December 2024
The information provided is not written or intended as specific tax or legal advice. FundaDream, its employees and representatives are not authorized to give tax or legal advice. Individuals are encouraged to seek advice from their own tax or legal counsel.
IMPORTANT DISCLOSURES
Product availability varies by carrier, state, and individual eligibility. Not all products listed are available in all states or to all applicants. Product descriptions on this page are for general informational purposes only and do not constitute a solicitation or offer to sell any specific insurance or annuity product. All products are subject to underwriting approval and applicable state insurance regulations. Riders and benefits are subject to additional charges, terms, conditions, and limitations. Variable products involve investment risk, including possible loss of principal, and are sold by prospectus. FundaDream Insurance Solutions, Inc. is a licensed California insurance corporation. Consult the applicable carrier contract for full terms, conditions, and limitations. FundaDream’s charitable giving is made from general corporate revenues at the sole discretion of FundaDream leadership and does not constitute compensation to any licensed insurance professional.
The decision to purchase life insurance should be based on long-term financial goals and the need for a death benefit. Life insurance is not an appropriate vehicle for short-term savings or short-term investment strategies. While the policy allows for loans, you should know that there may be little to no cash value for loans in the policy’s early years.
The information provided is not written or intended as specific tax or legal advice. FundaDream, its employees and representatives are not authorized to give tax or legal advice. Individuals are encouraged to seek advice from their own tax or legal counsel.
Insurance products and services are offered through FundaDream Insurance Solutions, Inc., California License No. 0M95835