Why Planning Matters
The Power of a Plan
Planning is not about restriction or rigid rules. It is an invitation to live with intention, resilience, and confidence in every season. The following insights simply scratch the surface of why putting down strong roots matters.
Lack of financial literacy leads to costly mistakes.
It is estimated that Americans lose more than 400 billion dollars annually due to financial illiteracy, including errors in borrowing, saving, and managing debt.
Source: Global Financial Literacy Excellence Center, 2023 Personal Finance Index
Financial stress significantly impacts overall well being.
Money remains the leading source of stress for Americans, with 65 percent reporting finances as a primary stressor. Chronic financial stress is linked to health challenges and strained relationships.
Source: American Psychological Association, Stress in America Report, 2023
Retirement confidence is low without structured planning.
Only 31 percent of non retirees say they feel very confident they will have enough money to live comfortably in retirement. Confidence levels are significantly higher among those who work with an advisor or have a written plan.
Source: Employee Benefit Research Institute, 2023 Retirement Confidence Survey
Most Americans do not have a written financial plan.
Only 33 percent of Americans report having a comprehensive written financial plan. Those who do report higher levels of financial confidence and preparedness.
Source: Certified Financial Planner Board of Standards, 2022 Financial Planning Survey
Estate planning is widely neglected.
Roughly 67 percent of Americans do not have an estate plan in place, such as a will or trust, leaving families vulnerable during already difficult times.
Source: Caring.com, 2024 Wills and Estate Planning Study
A Thoughtful Place to Begin
You are welcome to begin exactly where you are. During a complimentary 20 minute conversation, we will create space to ask questions, gain perspective, and thoughtfully consider your next move. Whether we continue working together or not, you will leave with meaningful insight and action steps to help you stay aligned and moving forward.
