Financial Planning with Exponent
When it comes to achieving financial wellness, saving and investing are two of the most important components. However, they are only part of the picture. Effective financial planning also requires looking at other aspects of your life and focusing on long-term goals like securing a comfortable retirement, owning a vacation property or making a large charitable donation. Our process of Financial Planning with Exponent begins by forging a trusting relationship between you and your EP Wealth Advisor. This helps to foster communication, collaboration and empathy. Empathy is the ability to sit with someone in their shoes, imagine themselves in their position and emotionally understand what they feel.
This Trusted Advisors at Exponent us to better understand your financial needs and goals. We then use this insight to craft a comprehensive plan that incorporates the specific actions you need to take to meet your goals.
Discover Expert Financial Guidance with Exponent Investment Management
For example, it’s essential to build an emergency fund to protect against unexpected expenses. It’s also necessary to secure your future with retirement savings in the form of a 401(k) or IRA and invest for growth. Lastly, reducing spending on nonessentials or “wants” is often the best way to free up cash to meet your longer-term goals.
It’s not always intuitive to think through these types of financial decisions. The math involved is exponential, which can be difficult to grasp and can result in biases like exponential growth bias, where people underestimate the impact of compounding on investment returns or the lifetime cost of a loan.
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