9 reasons it's time for a new financial plan
Youre unsure whether youre on track to achieving your goals
Just because the market fluctuates, or your 401(k) plan drops in value, doesnt mean that you have a greater or lesser chance of achieving your goals thats only one piece of a financial plan. A financial plan integrates the impact of your employment income, spending patterns, major expenses, current savings, lifestyle etc. If you dont have a mechanism for tracking your progress, how can you tell whether youre on track?