In this third video in our series of commonly asked questions we receive, William M. Coxe Jr., Private Client Advisor, discusses the importance of goals in the Financial Planning process. He touches on the wide spectrum of goals and objectives for different individuals: from creating a budget to buying a private island.

A financial advisor will work in tandem with the client to take those long terms goals and incorporate them into an evolving financial plan. William also explains the importance of reaching those goals by applying reasonable assumptions about returns, inflation, and cost of living.

Listen in to learn more.

Greenwood Capital is an SEC registered investment advisory firm. This material has been prepared for information purposes only, and is not intended to provide, and should not be relied on solely for tax, legal or accounting advice. Captions are automatically generated. Please excuse any errors or inconsistencies.

Related Posts

Winding Up Withdrawals: Retirement Savings Part 3
Winding Up Withdrawals:
Retirement Savings Part 3

As you approach retirement, how will you access the money you worked so hard to save? This is part three in our retirement savings series: Plan Your Withdrawal Rate. Your withdrawal rate is the portion of your portfolio that you liquidate each year for income. How...

The Balancing Act of Allocation: Retirement Savings Part 2
The Balancing Act of Allocation:
Retirement Savings Part 2

In planning for retirement, there are so many factors you can’t control. One thing that you can influence is How Much You Save. In our last article on retirement savings, we outlined the basics of retirement accounts and how much to start saving. After your retirement...