Financial Planning and You

Financial Planning and You

Core Facts

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The fact that October is Financial Planning Month should not escape your attention. Making sure that you have a plan in place is essential if you want to live your life without worrying.  

The statistics show that 58% of Americans feel that the financial planning efforts they have in place need improvement. Even more telling is the fact that 34% of Americans seem to have no planning in place at all. 

Having no financial plan is a sure way to either get yourself into debt or to get stuck paying out of pocket. Budgeting for today as well as the future is something everyone should be able to do. A comprehensive financial plan is a plan which covers savings and investments such as planning for retirement, education, and emergencies. It also includes savings for major purchases and other financial goals such as insurance needs.

“Planning your finances means you’re able to decode where you spend and also where you invest your hard-earned money. Make sure you get professional advice, and get all the information before you pull the trigger on any and all investment opportunities. The more knowledge you have, the better you will be able to plan,” says David Lerner Associates Executive Vice President Martin Walcoe.

Financial planning is not just for the 1% either. According to a study by Certified Financial Planner Board of Standards, comprehensive financial plans benefit even people at lower income levels. 

Make sure you have a financial plan in place, and if you don’t have one already, this is the month to do so.



Material contained in this article is provided for information purposes only and is not intended to be used in connection with the evaluation of any investments offered by David Lerner Associates, Inc. This material does not constitute an offer or recommendation to buy or sell securities and should not be considered in connection with the purchase or sale of securities.

To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.

These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable-- we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.

David Lerner Associates does not provide tax or legal advice. The information presented here is not specific to any individual’s personal circumstances. Member FINRA & SIPC.



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Founded in 1976, David Lerner Associates is a privately-held broker/dealer with headquarters in Syosset, New York and branch offices in Westport, CT; Boca Raton, FL; Teaneck and Princeton, NJ; and White Plains, NY. For more information contact David Lerner Associates Call 516-921-4200 Visit our website:

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Jake Mendlinger
Account Manager
516.829.8374 X 232

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