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Financial Planning Resources to Help You Build Wealth

A woman using a financial planning resource to estimate the return on her  investments.

Financial planning resources can provide a structured approach to help manage your finances effectively. From books and workshops to online calculators and budgeting apps, these tools are designed to meet the needs of individuals at every stage of their financial journey. The key to maximizing their potential lies in selecting resources that align with your specific financial goals and circumstances. For specialized financial advice, consider speaking to a financial advisor.

What Are Financial Planning Resources?

Financial planning resources are popular tools that are designed to address the specific needs of individuals and organizations aiming to manage their finances efficiently.

Individuals might start out with books authored by financial experts. These can offer a general understanding of financial principles and practices. As their understanding grows, personal finance workshops and personalized consultations with financial advisors can offer additional insights into effective income management and debt reduction strategies.

Financial planning resources today have significantly expanded to include advanced online calculators that can help you estimate mortgage payments or retirement savings projections.

Selecting financial planning resources that align with your unique financial goals and circumstances is important. This personalized approach enables more effective and targeted planning, allowing you to build a financial planning toolkit that is tailored for your finances.

How Financial Planning Resources Can Help You

Here are four common areas that financial planning tools can help you with:

  • Budgeting: A financial planning tool can assist with budgeting by allowing you to track income and expenses, set spending limits and savings goals, and generate reports and visualizations to identify areas for improvement or overspending. This can help you get a comprehensive overview of your financial health and help you make informed decisions to reach your budgeting goals.
  • Tax planning: A financial planning tool can help you with tax planning by analyzing your financial situation, identifying tax-saving strategies like retirement account contributions or tax-deferred investments, and offer projections to optimize tax liabilities. This could help you maximize available deductions and credits while minimizing taxable income.
  • Estate planning: A financial planning tool can provide a comprehensive overview of assets, liabilities and financial goals for your estate planning needs. This could guide you in creating strategies to minimize taxes, ensure that asset distribution aligns with your wishes and streamline the estate planning process.
  • Retirement planning: A financial planning tool can help with retirement planning by analyzing your current financial situation, projecting future income needs, expenses and savings goals; and providing recommendations and strategies to optimize your retirement savings, investment allocations, and withdrawal strategies.

Financial Planning Software and Tools

Financial advisors reviewing financial planning resources for clients.

Financial planning tools play an important role in promoting financial literacy. These are widely considered educational resources that typically offer interactive features and personalized guidance that can help users make informed decisions about budgeting, investing and managing their finances.

When choosing a financial tool, you should consider your personal financial circumstances and objectives. Your financial goals and specific circumstances, for example, may differ from the general estimates that a tool can offer you.

Furthermore, you should evaluate the quality of the financial planning resource before using it. With an online financial education program, for example, you should consider several factors to ensure the program’s value and credibility. These can include regional accreditation and the involvement of financial experts in course development. Moreover, positive user reviews and a curriculum that stays abreast of the latest financial trends are also important.

Free Educational Resources

If you’re looking for financial planning resources, here are three that you should consider:

SEC’s Website Resources

The Securities and Exchange Commission (SEC) offers a suite of resources that can help you with different financial needs. Their platform,, offer investor alerts, bulletins and tools (such as the investment calculator) to help you estimate potential investment growth. These tools are non-promissory and designed to help guide your financial decisions.

TIAA Insights

TIAA offers a wide range of tools, articles and webinars to help individuals make informed financial decisions. These cover retirement planning, investment strategies, budgeting and financial wellness. Articles, for example, cover topics like the impact of inflation on retirement savings. And webinars can guide you on different retirement strategies. The Retirement Advisor tool can also help you create personalized retirement plans.

FDIC Identity Protection

The Federal Deposit Insurance Corporation (FDIC) offers educational resources to help protect you from identity theft and fraud. Through real-life anecdotes and hypothetical scenarios, the FDIC’s ‘Consumer News’ and the “FDIC Consumer Assistance & Information” page provide actionable advice on securing personal financial information.

Bottom Line

A man researching financial planning resources online.

Financial planning resources are essential tools that help individuals at various stages of financial literacy to manage their finances effectively. From budgeting apps to retirement calculators, articles and webinars, these tools provide guidance to help you make informed financial decisions for wealth creation and preservation.

Tips for Financial Planning

  • Financial planning covers everything from wealth building to retirement savings. A financial advisor can help you balance investments for your specific goals and needs. Finding a financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three vetted financial advisors who serve your area, and you can have a free introductory call with your advisor matches to decide which one you feel is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
  • If you’re looking to build your investment portfolio, SmartAsset’s free investment calculator can help you estimate your return and growth.

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