Assets, Liabilities, Income and expenses – analyzing what we have financially effectively and honestly can be a confusing task but integral in order to assess where a person is financially and their ability to accomplish their financial goals. Planning properly requires more than black and white numbers on a page – understanding how these numbers relate to and impact your Financial Plan. This is an often overlooked portion of building a sound Financial Plan by many people but is a huge part of the data gathering process done by Financial Planning Professionals and an insightful financial advisor can utilize details found in both to assist them in helping you reach your goals.

If you're starting to plan for retirement, Social Security may be an important source of retirement income. Millions of Americans depend on Social Security today. For some, it is their primary source of retirement income, and for others, it is supplemental income.

Benefits of Social Security