financial planning

Financial planning is a systematic approach whereby a financial planner helps a client to maximize his/her existing and future financial resources by utilizing various financial products and tools to save money and achieve his or her financial and life goals.

Financial planning normally involves many aspects of money matters that range from asset allocation, estate planning to insurance, tax strategies and investment selection.

There are many types of financial planning credentials in the industries including: CFP (certified financial planner), ChFC (chartered financial consultant), ChFC (a Chartered Life Underwriter), PFS (personal financial specialist), CFA (chartered financial analyst), CIC (chartered investment counselor), CIC (certified insurance counselor).

Here are some questions you can ask to help you decide on a financial planner. What are your qualifications? What experience do you have? What services do you offer? What is your approach to financial planning? Will you be the only person working with me? How will I pay for your services? How much do you typically charge? Could anyone besides me benefit from your recommendations? Are you regulated by any organization?

Many financial planners establish blogs which they use to market themselves to potential clients. These blogs often contain some useful advice for interested readers.

by Ray Wu Are you a writer, passionate about this or any other topic? Join Blogcritics!

Original Technorati articles tagged “financial planning”

• in Finance
  Money and Marshmallows
  The "Marshmallow Experiment" can be tied to financial planning.
  by holliskc / on Aug 1, 2011
• in Finance
  Good Debt and Bad Debt
  Discusses why classification of debt into good and bad does not really make sense
  by investinpassiveincome / on Jul 12, 2011
• in Business
  One Too Many Life Settlement Brokers
  Having more than one life settlement broker on a case can be counter productive.
  by amritafinancial / on Dec 1, 2010

Latest blogosphere posts tagged “financial planning”

 

• The Most Important Part of the Budgeting Process

  
  — Authority:
  The following is an excerpt from Securing Your Financial Future: Complete Personal Finance for Beginners courtesy of Rowman & Littlefield Publishers. All Rights Reserved. Get ready: here comes one of the most important recommendations in the whole book . It is a trick that makes your left brain happy by ...
  1 week ago

• Tips For Successfully Managing Your Credit Card Debt

  
  — Authority:
  If you seem lost and confused in the world of credit cards, you are not alone. They have become so mainstream. Such a part of our daily lives, and yet so many people are still confused about the best ways to use them, how they affect your credit in the future, and even what the credit card companies are and are not ...
  1 week ago

• How Bankruptcy Services Can Help You?

  
  — Authority:
  Is your debt way too much? Are you thinking of using a bankruptcy service? You might want to reconsider what type of service to use. Your finances are not something you should take lightly or get a do it yourself kit for. This is an important change in your life and requires serious consideration. You need to consider ...
  1 week ago

• 5 Things To Know Before Hiring A Financial Planner

  
  — Authority:
  Many people consider themselves a financial planner, but a true financial planner is an individual who has earned the proper credentials by obtaining the essential training and experience. Before hiring a financial planner, individuals should know some information about the planner to help them choose qualified and ...
  1 week ago

• Six Things You Need To Know About Ltci And The Benefit Period

  
  — Authority:
  When you get a long term care insurance quote it is important that you understand about the benefit period. This is vital so theres no bafflement about coverage. The benefit period corresponds with the waiting period. These two go hand in hand and they also affect the quantity of money you may pay on your premium.
  2 weeks ago

• What Things To Look For In A Long-term Care Insurance Organization?

  
  — Authority:
  What do I appear for within a great company? You realize that you should purchase long term care insurance coverage, but exactly where should you appear and which organization must you contemplate? Lots of advisers either sell 1 company’s policy, or they only sell a few policies a year, or truthfully, they truly ...
  2 weeks ago

• Sell In May And Walk Away?

  
  — Authority:
  Does May 2012 Call for Staying in Stocks?  Or does the stereotypical adage “Sell in May and Walk Away” Apply to You?   “Sell in May and Walk Away” is a strategy that many investors and traders contemplate at the end of April as we are heading into stereotypically slow months ahead from May through [...]
  2 weeks ago

• Reasons Not to Forgo Life Insurance for Cigar Smokers

  
  — Authority:
  Generally life insurance for cigar smokers has a tendency to offer somewhat expensive premiums. The reason behind this is: smoking shortens the plan holder’s lifespan; thus, increasing the risks for the insurance companies to lose on the bargain. Sometimes, during tough times when prices go all time high, it would ...
  2 weeks ago

• How to Select an Appropriate Bankruptcy Attorney

  
  — Authority:
  If you see yourself in the midst of a great financial crisis and other resort does not seem to give much effect on its solution, you may need the help of bankruptcy attorney. In this regard, you really have to consider in filing bankruptcy for you to be able to protect your properties and yourself from those ...
  2 weeks ago

• Stop Impulse Buying With These Easy Tips

  
  — Authority:
  If you do a little reality check, chances are that you too are buying many things on impulse without even needing them. It’s very possible that if your partner complains, your closet is full, and your credit card is being charged more than it should, you too buy on impulse. Impulse spending can create problems and ...
  2 weeks ago

• The Difference between Needs and Wants: Getting Spending Under Control

  
  — Authority:
  Achieving financial security is greatly dependent on our ability to make wise choices when it comes to spending money. Spending, not earning, is the key to financial security (though both are important, of course). And yet we live in a society where over-spending is almost the norm. The result for many people is a ...
  2 weeks ago

• Financial planning: what is the right age to retire?

  
  — Authority:
  Like most financial questions, there is no “one size fits all” answer that will suit everyone. There are a variety of factors to be taken into account including how soon you will be able to get your hands on any private and state entitlement you have. With UK private pensions, most savers will only be able to ...
  2 weeks ago

• Top Gun FP Client Note: The Quality Of Earnings

  
  — Authority:
  NOTE: Every week or two I write a Client Note for my clients. For a limited time, I am allowing non-clients to sign up and receive it at the same time as my clients. You can sign up at the top right hand corner of the website. I will also be posting the notes on my blog with a time delay from time to time. ...
  2 weeks ago

• Top Gun FP Client Note: The Long Awaited Correction

  
  — Authority:
  NOTE: Every week or two I write a Client Note for my clients. For a limited time, I am allowing non-clients to sign up and receive it at the same time as my clients. You can sign up at the top right hand corner of the website. I will also be posting the notes on my blog with a time delay from time to time. ...
  2 weeks ago

• Will Retirement Be a Bust for Boomers?

  
  — Authority:
  If you’re a Baby Boomer, or your parents are, here’s a ray of sunshine to brighten your day: Boomers have so severely underfunded their retirements that Congress may turn to their children to bail them out. This is the gist of an article in the April issue of Financial Advisor magazine by Dr. Somnath Basu, ...
  2 weeks ago

• Quizzle Weekend Roundup: Credit Improvement

  
  — Authority:
  Quizzle Weekend Roundup: Credit Improvement Are you trying to improve your credit score? Whether you want to buy a car, qualify for a home loan or get a better interest rate on your credit cards, improving your credit score is one of the best ways to save money by borrowing more cheaply. If you have a higher credit ...
  3 weeks ago

• Weekly Domestic Economic Update

  
  — Authority:
  Synopsis of the Most Recent Week Ending May 4th, 2012 The US economy continues to seek traction. The latest Federal, Bureau Labor Statistics, Gross Domestic Product and Gross National Product reports - along with employment, housing, manufacturing and other leading macro and microeconomic indicators - seem ...
  3 weeks ago

• The Tax Free Reverse Mortgage Loan – Or is It?

  
  — Authority:
  The reverse mortgage loan has several benefits, of which the feature, that it has no monthly back payments is maybe the most important one. A senior can even pay away the usual mortgage with the reverse mortgage and get even more cash money every month. Some seniors may be interested, whether the reverse mortgage has
  3 weeks ago

• Munch’s ‘The Scream’ Fetches $120 Million

  
  — Authority:
  If you thought tracking down your free credit score and discovering you had a 720 was good, what about selling a single painting for $120 million. That’s the kind of joy the folks at Sotheby’s enjoyed yesterday as they sold Edvard Munch’s iconic painting ‘The Scream’ for a cool $119.9 million. A ...
  3 weeks ago

• Need an Extra 4-5% Boost for Your Savings? Don’t Just Do Something; Sit There!

  
  — Authority:
  By: Michael Wilson, CFP® Stock investors and bond investors alike leave a lot of money on the table. That’s the conclusion from another annual study by Dalbar, a Boston-based research firm. This year’s numbers confirm a long-running trend: sitting tight is a profitable strategy for long-term investors. For the ...
  3 weeks ago

Comments about financial planning