Fremont Bank Financial Planning

Financial Planning


Financial Planning

Creating a Financial P.L.A.N.

The road to financial freedom can be often be more easily obtained by those who follow a plan created to help them reach their specific investment goals. Let our SPF1 Financial Representatives help you take the first steps toward building a confident financial future, by designing a P.L.A.N.

How to Create a Financial P.L.A.N.

Pay yourself first

  • Promise yourself to take advantage of your employer's retirement plan, whether it's a 401(k), a 403(b), or any other kind of contributory plan.
  • Consider Dollar Cost Averaging, instead of investing assets in a lump sum, frequently investing smaller amounts may be more practical for many and can help lower the average cost per share.

Live within your means

  • Promise to pay off your credit cards. Credit card debt is the number one reason most people can't get ahead. Paying the minimum balance due on a $10,000 credit card balance with an 11% interest rate could take 20 years to pay off.
  • It's often more rewarding to save for something vs. putting it on a card and getting stuck with payments. If you can't afford it, think twice about buying it.
  • Financial fitness is a commitment, a lifestyle, similar to going to the gym and eating right.

Assure your families stability

  • Write or update your will. Wills are not just for the rich. Regardless of how much or how little money you have, a will may ensure that whatever personal belongings and assets you have will go to beneficiaries you designate.
  • If you have children, a will allows you to appoint a guardian for them in the event of your death.
  • Life events such as buying a home or having a child could change the amount of coverage a family needs, work with financial professional to assess the amount of coverage you and your family may need.

Never stop learning

  • Write down your financial goals, this is your road map to financial freedom.
  • Work with a financial representative can keep your up to date with new investment opportunities available to you and your family.
  • Regular reviews can help keep your investment choices on pace with your needs based on risk tolerance and time horizon.

To learn more about creating a financial P.L.A.N., contact us today to schedule a complimentary, no-obligation appointment. Call (800) 400-7067.

1 Non-deposit investment products and services are offered through Sorrento Pacific Financial, LLC (“SPF”), a registered broker-dealer (Member FINRA/SIPC)  and SEC Registered Investment Advisor. Investment Representatives are registered through SPF. Fremont Bank has contracted with SPF to make non-deposit investment products and services available to bank clients.

Products offered through SPF are:

Not FDIC Insured Not Bank Guaranteed May Lose Value
Not Guaranteed by any Government Agency Not a Bank Deposit

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