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

---

Wealth - 10 Basic Steps to Achieving It

Everyone wants to be wealthy. Only a few actually achieve... Read More

Re-discovering the Fundamentals of Financial Planning

To lose weight in the 80's, we went on low-calorie... Read More

Financial Intelligence - Compounding (The Ninth Wonder of the World)

Compounding: The Ninth Wonder of the WorldBy Nicola Cairncross Compounding... Read More

Living Trusts: Do They Protect Your Assets From Creditors?

A surprising number of readers want to know "Can a... Read More

Retirement ? Can You Afford It?

Every day you work is one day closer to your... Read More

8 Tips for Keeping More of Your Hard Earned Money

Masters degree not required...just a little common sense, a $5.00... Read More

Residual Income - 3 Ideas for Long Term Profits

A residual income is one that comes in no matter... Read More

The TRAP Behind Websites With INSTANT Searches for Unclaimed Money

There is no questioning that the amount of unclaimed money... Read More

Top 10 Secrets of Getting Rich!

As many people have observed, "Success leaves clues." If you... Read More

Prosperity

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

How to Save Money for Retirement

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

Does the Moon Have Covers?

Recently, one late winter night, my four-year old son and... Read More

A New Economic Policy

Anyone knows that material wealth is measured in goods: apples,... Read More

The PDQ? Factor

It's the beginning of a brand new year: a time... Read More

Investment Techniques For Creating Passive Income

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

You?re Eating Your Retirement Money

Ever think about how eating all those fast food meals... Read More

How to Make More Money

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

Business After The Iraqi War

The rewarding of high compensation packages to top executives who... Read More

Why Get Rich When You Can Be Wealthy?

"Any fool can rich, the wise get wealthy." Chris WidenerGetting... 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

I Dont Need A Financial Coach To Help Me!

You've been thinking that your financial life could probably be... Read More

Still Using Federal Reserve Notes?(How to Beat Inflation)

"My people are destroyed for lack of knowledge." Hosea 4:6... Read More

How To Get Paid Instantly Via Stormpay? Try Online Rewards Programs

E-currency is very popular on the Internet today. People use... Read More

Get Rich Slowly

Is it hard to get rich? If you're young, not... Read More

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

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

Surefire Ways to Attain Moneymaking Success

You have probably heard other people say that "Money isn't... Read More

Net Worth Nympho

There are plenty of people who are in love with... Read More

Investors - What Separates the Good Traders from the Bad Traders?

There are many forms of investing online. While I can... Read More

Five Straight Steps to Opening an Offshore Bank Account

Despite what you may have read or heard, anyone is... Read More

Do You Want To Save Money Easily?

Living on credit is fashionable. Indulging oneself is fashionable. Saving... Read More

A Completely New Way To Get Rich Rapidly

This new way is catching on around the world. People... Read More

The Hawk and the Mouse - Saving for Retirement

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

A New Paradigm Shift In Earthly Wealth

Hello,If you dont understand this yet, or have not heard... Read More