The online financial planning platform which I have been talking about is finally ready!
Importance of Financial Planning
Financial planning is extremely important for everybody, without it you may not know if you are able to meet your financial needs such as retirement goals. Like an annual medical checkup, everyone should also get a financial health checkup at least once a year.
Unfortunately the financial planning industry is plagued by a host of problems. Many who claim to be financial planners are just insurance agents who may not be well equipped to perform full fledged financial planning. There is also an issue with the commission structure which motivates them to sell more expensive whole life insurance policies and investment linked policies which may not be suitable. While there are independent financial planners who practice fee based planning, the cost of advice is generally between $2000 to $5000 which may be costly for many.
Dr Wealth – The Online Financial Planning Tool
Dr Wealth will dramatically shift the financial advisory industry by providing an online platform to handle comprehensive financial advice.