The American Way: Planning For The Future


This Fourth of July, Americans fired up their grills, watched fireworks and proudly displayed their red, white and blue—all to celebrate our country, our freedom and our rich tradition and history. These festivities are often especially significant to new Americans celebrating their citizenship.


Certified Financial Planner Board of Standards (“CFP Board”) Ambassador Paul Jarvis, CFP® encourages new Americans celebrating their naturalization to plan for their financial futures. 


“The American financial system is one of the greatest benefits of citizenship, but new Americans must ensure they have a plan to make the most of it”


In the latest installment of CFP Board’s “Let’s Talk Planning” blog and the third feature in its “Financial Planning is for Everyone” series, the CFP Board offers tips for new citizens:


  • Get established with a bank or credit union.  Having a local, regulated institution hold your money has numerous advantages.  You’ll have records and a history of the flow of your money, which in turn leads to better financial management.  You’ll be able to safely save and build up a reserve. You’ll have access to ready liquidity through a bankcard or checks.
  • Get educated about the costs of education.  Many new Americans come with the dream of their children getting a degree from a U.S. college or university.  The benefits can be great, but so are the costs, and without careful planning and savings, an American education can become either unaffordable or lost in a mountain of debt.  It’s important that new Americans begin to save regularly for higher education using tax-advantaged accounts such as 529 plans or custodial accounts, and that they become familiar with the steps to qualify for federal aid.
  • Take advantage of workplace benefits.  One distinguishing factor of the U.S. economy is the extent to which the employer, rather than the government, provides key benefits to workers such as health care coverage, access to tax-advantaged retirement plans, and disability income coverage.  This means that your choice of employer—and understanding of the benefits provided—can make a big difference in your financial stability and long-term security. 
  • Invest in yourself.  America has always been the land of opportunity for those who work hard and are willing to invest in the future.  This includes investing in yourself – in training, education and experience.  Get involved in your neighborhood and community to become aware of the resources and support they can provide to help you achieve your personal vision.


New Americans are motivated by a vision of a better future for themselves and their families. This vision is crucial in the financial planning process. Consulting with a CERTIFIED FINANCIAL PLANNER™ professional can help new Americans develop strategies for building financial plans and getting a grasp on expenses to achieve their financial “American Dream.”



“Let’s Talk Planning” is a blog by CFP Board Consumer Advocate Eleanor Blayney, CFP®, with posts each week with practical financial planning tips for consumers, as well as insights into the latest developments at CFP Board.  In addition to offering counsel on timely and evergreen financial planning topics, once a month Blayney will remind readers that “financial planning is for everyone,” with tips for consumers of all ages and life stages.



The mission of Certified Financial Planner Board of Standards, Inc. is to benefit the public by granting the CFP® certification and upholding it as the recognized standard of excellence for competent and ethical personal financial planning. The Board of Directors, in furthering CFP Board’s mission, acts on behalf of the public, CFP® professionals and other stakeholders. CFP Board owns the certification marks CFP®, Certified Financial Planner™, CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.  CFP Board currently authorizes more than 68,000 individuals to use these marks in the U.S.


CONTACT: Paul J. Jarvis, CFP Board Ambassador P: 701-306-8276 E: Dan Drummond, Director of Public Relations P: 202-379-2252 M: 202-550-4372 E: Twitter: @cfpboardmedia


The information in this article is not intended to be tax and/or legal advice and should not be treated as such. You should consult with your tax advisor and/or attorney to discuss your personal situation before making any decisions.

Additionally, If you are looking for additional help, seek help from a CERTIFIED FINANCIAL PLANNER™ Professional that can look at your individual situation holistically.