Financial Planning provides many advantages. It can provide you with a clear picture of where you are now financially and also show you what you will need to do to get to where you want to go. Financial planning can show you whether you whether you are taking the right kind and amount of risk in your investment portfolio and whether you have appropriate insurance coverage. It can also help you coordinate your tax planning so that you can take advantage of all the credits and deductions that you are entitled to.
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