Financial Planning


Financial Planning involves the determination of your financial needs and goals and the steps to meeting these needs and goals.  (To be sure) Investments and asset allocation is only part of your plan.  At a very basic level, it is necessary to determine your Investment Objectives and then to construct your investment portfolio to help achieve these objectives.  At a minimum, your plan needs to include:

-a Cash Flow budget and managing debt (such as refinancing the mortgage),

-Retirement Planning,

-Tax strategy,

-Insurance Coverage to meet various potential adverse risks, and

-Estate Planning.

It is critical to get started at an early stage and take advantage of the power of compounding for your portfolio.  In addition, you need to prepare for the certainty of uncertainty.

A good example related to Variable Annuities is as follows:


7 Reasons I’m Not Fond Of Annuities FinAdv1512 .