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

---

The Difference Between Wants & Needs

So you want to become wealthy? While there is no... Read More

The 11 Best Money Saving Ideas of All Time - Part 1

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

Get Rich Doing What Others Dont

"The quickest way to wealthThat I've found to be true;Is... Read More

Want Money? You Got It!

Six out of six people who were asked to list... Read More

Cost Averaging - It Makes Sense (Dollars & Cents)

It's no secret that the market goes UP...the market, goes... 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

Building Wealth: A Wealth Building Strategy Is More Than Simply Diversifying Your Investments

Wealth - an abundance of values. Each of us determines... Read More

Building Wealth: Its An Inside Job ? Part 1

Whenever we read about building wealth or even attend a... Read More

WARNING: The Biggest Lie About Compound Interest

Have you wondered why financial experts only tell you certain... Read More

Thought Creates Reality Even When It Comes To Money

What if I told you that reading a book would... Read More

Compounding: The Science Of Exponential Money Generation

It all begins with a simple calculation.You are home on... Read More

You Deserve To Retire Early

The fact is that most people continue to work for... Read More

Rich or Poor - Get the Knowledge

Most people work hard all their lives only to "retire"... Read More

Do You Want To Save Money Easily?

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

One Pipeline Is Worth A Thousand Paychecks

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

Real Estate Stories that Show You How!

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

You?re Eating Your Retirement Money

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

How to Save Money for Retirement

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

High Flying Market Makes Good Buys Hard to Find

AS THE MARKET FLIES HIGHER, GOOD BUYS ARE BECOMING HARDER... Read More

Does the Moon Have Covers?

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

Residual Income - 3 Ideas for Long Term Profits

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

Saving Money By Spending Wisely

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

Wealth Creation - Opportunity

When young men ask me how to succeed, I tell... Read More

Offshore Strategies & Services

Offshore strategies may or may not be right for you.... Read More

The Wealthy Mindset

What is the difference between wealthy people and poor (even... Read More

The Secret Barrier To Wealth - Underearning

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

Controversial Wealth Audit Reveals Over 90 Percent of Us Could End Up Working Forever...Are You One

Results from a new tool developed by UK based firm,... Read More

Ben Franklin Didnt Quite Get it Right

When Ben Franklin said "a penny saved is a penny... Read More

Wealth - 10 Basic Steps to Achieving It

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

Financial Planning For Singles

Financial planning often gets a bad rap. Part of the... Read More

Super-charge Your Dream of Retiring Rich with the Roth 401K!

This retirement account is so new and unique that you... Read More

Personal Finance Rules to Building Wealth

Key 1 Pay your self firstkey 2 Saving is not... Read More