Why Comprehensive Risk Management Goes Beyond Insurance
Understanding Risk Beyond Insurance Risk management is a fundamental aspect of financial planning that extends far beyond the scope of simple insurance coverage. At Datapoint Financial Planning, led by David E. Barfield, CFP®, a deeper understanding of comprehensive risk management is provided, highlighting its significance in protecting and enhancing financial health. This extends to clients […]
Comparing Retirement Planning: Automated Tools vs. Professional Advisors
In the realm of retirement planning, individuals are often faced with a choice between leveraging automated tools and engaging with professional advisors. Each approach offers distinct advantages and limitations, shaped by technological advancements and personalized service respectively. Understanding these differences is crucial for making informed decisions that align with one’s financial goals and personal circumstances. […]
Why an Integrated Financial Strategy Outperforms Isolated Decisions
An integrated financial strategy, often championed by experts such as David E. Barfield, CFP® at DATAPOINT FINANCIAL PLANNING, consistently outperforms isolated financial decisions due to its comprehensive approach. This strategy involves a holistic view of an individual’s or organization’s finances, considering all aspects such as income, expenses, investments, and long-term financial goals. Comprehensive Planning Leads […]
The Impact of Divorce on Financial Planning
Understanding the Scope and Expertise of Datapoint Financial Planning Datapoint Financial Planning, spearheaded by David E. Barfield, CFP®, is distinguished by its comprehensive approach to financial advisory, specializing in a range of services including retirement planning, investment and financial strategy, risk and estate planning, employer benefits and equity compensation, and fiduciary services. The firm operates […]
Developing Your Financial Plan
Developing Your Financial Plan Facebook Twitter LinkedIn Having a solid financial plan for your family is more critical today than ever before. Pensions are disappearing rapidly (only 25% of civilian workers and 15% of private industry workers had access to a pension in 2022 according to the Bureau of Labor Statistics). As a result, you […]