Turbocharged Financial Planning

Financial planning is an ongoing process individuals and businesses should implement by organizing all aspects of their finances. This will assist in identifying financial goals, providing a comprehensive written Financial Plan, and implementing the plan in accordance with the objectives that are most important to you.

Comprehensive financial planning should involve these areas and these specific questions.

ESTATE PLANNING

*How can you accumulate a sizable estate to pass on as a family legacy?
*How will your hard-earned assets be distributed after your death?
*How can you minimize federal estate taxes and state inheritance taxes?
*How can you best provide for your surviving spouse and children?
*Whom do you want to carry out your wishes?

RETIREMENT PLANNING

*How can you accumulate enough in retirement savings and pension benefits to enjoy a comfortable retirement free of financial worry and not be a burden to your family?
*How much (or little) can you expect to receive from Social Security?
*How can you coordinate your IRA, 401k, pension, Social Security, and other retirement benefits for maximum effectiveness?
*At what age can you really afford to retire, especially if you have children to send to college?

TAX PLANNING

*Are you taking full advantage of the tax laws so that you are not paying more than necessary?
*Are there changes you could make in your business structure that would reduce your income taxes?
*Do you have access to changes in tax law that affect you?

RISK MANAGEMENT

*How are you protected against the unpleasant and potentially catastrophic losses associated with natural disasters, illness or accident, disability, property loss, personal liability, and premature death?
*Is your business protected against these potential losses?
*How would your business be affected if your key people were no longer able to function?

INVESTMENT STRATEGY

*Do you really have a structured investment strategy or do you just invest haphazardly in the latest investment fad?
*Do you know how to increase your investment returns and lower your investment risk through the use of the principles of the Modern Portfolio Theory of Asset Allocation?
*Is your asset mix appropriate for your short-term needs as well as your long-term goals?
*Do you adjust your investment strategy as your investment objectives change?
*Are your investments effectively overcoming the ravages of inflation and taxation?
*Do your investments accurately reflect your risk/reward profile?

Answers to these questions should be incorporated into a customized personal financial plan tailor made just for you.

A Financial Plan is specific to your unique needs and will include the following:

*Current and projected financial statements
*"What if" scenarios with different assumptionsv *Cash flow objectives
*Retirement goals and tax-efficient ways to achieve them
*Funding children's education
*Protecting against the financial impact of premature death or disability
*Implementation schedule with a time frame to follow.

Expect this process to be an eye-opening experience. You should be able to see all the disparate areas of your financial life come together into a comprehensive, meaningful, integrated whole.

All parts will work together like a well-oiled machine. You will see exactly where you are now, where you want to go, and most importantly, how to get there. Any obstacles you face will be clearly identified.

Your personal financial plan is a living document that should be reviewed on a regular schedule and altered to meet your changing circumstances.

Developing your financial plan is only the first step in a life-long process of wealth accumulation and financial security. Free financial planning resources are available at http://www.flanancialplanninginfo4u.com when you are ready to begin.

C.C. Collins is a Financial Planning Advisor and Author of "Scientific Wealth Strategies" at http://wealthscientist.com Find more information at http://www.financialplanninginfo4u.com

---

Stop Losing Thousands of Dollars Every Day: Six Tips For Creating Wealth

We all go to school for about twelve years, kindergarten... Read More

Real Estate Stories that Show You How!

Let's begin easing you out of the pits. I mean,... Read More

How to Save Money for Retirement

Saving money for retirement can be easy or difficult depending... Read More

Increase Your Business with a New Old Method: Vaastu Shastra

Whether an established conglomerate or a fledgling company, a business... Read More

16 Mantras for Building Financial Wealth

Everyone wants to be wealthy, but most of us do... Read More

Build Wealth - Formula To Success

A mole travels one road, according to the way nature... Read More

6 Proven Wealth Building Strategies

Building wealth is as simple as saving a little bit... Read More

Financial Intelligence - Natural Marketing For Lone Rangers

"Ooooooh," you may say, "I could NEVER be good at... Read More

New Year Resolutions to a Better Financial Future

There could not be a better time to mull over... Read More

Saving Money By Spending Wisely

Why is it that the older and richer people become,... Read More

The Financial Equation that Will Set You Free!

I have a good friend who works in an area... Read More

3 Steps To Increasing Your Income

Most accountants, financial planners and wealth-building experts agree that there... Read More

The Secret Barrier To Wealth - Underearning

Is the ghost of "Money Past" haunting you? Do you... Read More

Russ Whitney - Building Wealth Through Real Estate

When Building Wealth by Russ Whitney was released a few... Read More

Do You want to Live on Macaroni and Cheese when You Retire or Filet Mignon?

How Much Money Will I Need to Earn to Retire?This... Read More

Gain More Control of Your 401k - What It Can Mean to Your Future

Points to ponder as you consider what can be done... Read More

The 11 Best Money Saving Ideas of All Time - Part 2

At any time in history, no matter what the current... Read More

5 Easy Ways to Save and Build Wealth

1. Pay off high-cost debt. The best investment most borrowers... Read More

Investment Techniques For Creating Passive Income

There are many wealth creation strategies and investment techniques available... Read More

How to Make More Money

When I was a student in London, I had a... Read More

How To Get Investors And Bankers To Part With Their Money For Your Business

Time and time again entrepreneurs are losing out on getting... Read More

Prosperity

An ellipsis to your success is hidden in the word... Read More

The Hawk and the Mouse - Saving for Retirement

There once was a hawk, ferocious and swift. He was... Read More

3 Simple Ways to Generate Cash Flow

This article focuses on generating cash as a full time... Read More

10 Wisdom-Based Wealth-Building Strategies

"It's the business of your life?and you're the CEO!" Gala... Read More

You Can`t Cheat An Honest Man

Author: James Walsh ISBN: 1563431696: Publisher: Silver Lake PublishingIn... Read More

How To Be the Ultimate American Consumer

Feel like a lemming lately? Ready to follow the crowd... Read More

Money Mastery

Money can be your servant or it can be your... Read More

Don?t Work for Your Money, Make it Work for You!

Well, the New Year is around the corner and so... Read More

Getting An Offshore Bank Account Via The Internet

There is no need to use the many middleman websites... Read More

One Pipeline Is Worth A Thousand Paychecks

It is with great pleasure of having you here at... Read More

Spiritual and Emotional Money Goals: The Keys to a Financially Free Future

Are you setting the right money goals?Most people believe having... Read More

Wealth Creation and Mortgage Planning - Two Great Tastes that Taste Great Together

What if I were to tell you that almost everything... Read More