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.

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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”

 

• VA Announces Program to Expedite Oldest Benefit Claims

  
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  Virginia Beach, VA ( Law Firm Newswire ) June 19, 2013 – The Department of Veterans Affairs (VA) announced it will expedite decisions on claims more than one year old. Hook Law Center (formerly Oast & Hook) In a news release, the VA said that effective immediately, the agency’s claims raters would ...
  17 hours ago

• Elder Law Attorney Agrees Managed Care May Help Quality of Care for California Seniors

  
  — Authority:
  Palo Alto, CA ( Law Firm Newswire ) June 19, 2013 – California is planning to try a managed health care system to unify Medicare and Medi-Cal. While dual coverage sounds like a good thing, lower income seniors in California who are eligible for both Medicare and the state’s version of Medicaid, known as ...
  17 hours ago

• New Age Philanthropy: Donor-Advised Funds Defy Sluggish Giving Trends

  
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  Charitable giving has a new look, one that is broadening the giving pool and helping keep the dollars rolling into nonprofits even during tough economic times, according to a new report. The reason for this change are so-called donor-advised funds, which are the fasting growing charitable giving vehicle in the ...
  5 days ago

• Homeowners warned on trust schemes

  
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  Filed under: Investing Theres increased concern about so-called trust schemes, which are targeted at home owners considering longer term residential care. Currently some schemes claim their asset protection programs will ensure properties remain in trust for a family, thereby avoiding local authority ...
  5 days ago

• Volatility Is Hitting Wall Street

  
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  Wall Street Is Entering A Period Of Volatility For awhile, there was some smooth sailing and some serious highs for investors to enjoy on Wall Street.  For those brave enough to get in early, the going was good and the returns, even better.  Lately, however,
  6 days ago

• 5 Ways to Spring Clean Your Finances

  
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  With taxes out of the way, it’s time to prepare for some summer fun. But like your house, your finances will be much more manageable when you take the time to spruce things up this spring. [...] Recommended For You: Joint vs. Separate Checking Accounts, Which is Better? 6 Easy Ways to Simplify Your Finance ...
  6 days ago

• Why should I have a cash reserve?

  
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  A cash reserve isn’t so you can go on a cruise, buy a new pair of shoes or buy a lottery ticket.  A cash reserve is an important part of your financial plan and your financial security.  It’s an emergency fund that should be large enough to help offset and supplement the biggest of issues.  Typically your cash ...
  6 days ago

• Hindenburg Omen: A Real Problem for Stocks or Just Hot Air?

  
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  When simple economics fail as an indicator for the direction of stocks, as is often the case, Wall Street likes to lean on a variety of myths, truisms, axioms, and bromides. Front and center right now: The Hindenburg Omen. Students of history can well imagine that this omen, such as it is, does not portend good ...
  6 days ago

• It’s never too late to start saving

  
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  Q: My husband has 13 years left in the Marines. Is it too late to start contributing to the Thrift Savings Plan? If not, how much should he contribute and what will be the amount he would have? –Mrs DT, U.S. Marines A: At least several times each week (okay, maybe it’s a daily thing) I look at my wife
  6 days ago

• Should You Borrow from Your Retirement Account?

  
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  In times of financial difficulty, it is tempting to turn to just any source of funds. According to Time , 25% of workers with a defined contribution plan have tapped their retirement accounts. The article also points out that the amount of money being taken out of retirement accounts reached $70 billion in 2010. ...
  6 days ago

• How to Calculate Your Net Worth

  
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  One of the ways that you can track your financial progress is to periodically check your net worth. Your net worth is a look at one moment in time as far as your finances are concerned. [...] Recommended For You: The Basic Formula of Wealth Net Worth Calculator: How Much Should Your Net Worth Be? Budget ...
  6 days ago

• How You Can Fix Your Spending in 7 Days

  
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  Has your spending been out of control? Do you want to get things back on track? I must admit that my spending falls off-track once in a while. Despite writing about saving money for the last 5 years, I still make plenty of mistakes. It’s easy to get distracted in life. It’s also easy to lose track of the basics ...
  6 days ago

• Got Wealth? 6 Strategies for Protecting It

  
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  Many of us plan our finances so that we can build wealth over time. However, the problem with starting out from a place of fewer resources is that it’s easy to think of wealth as the end product. What should you do once you have achieved a certain level of wealth? Now that you have [...] The post Got Wealth? 6 ...
  6 days ago

• Price Divorced From Value in Modern Economy

  
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  Prices display the intersection between the two sides to every trade. Often we value whether we should make a purchase, trade or sell something based on prices, but, as our readers know, there is a vast difference between price and value. For more on the difference between price and value, see: The Hidden Secrets ...
  1 week ago

• Is The Stock Market Looking Bearish Or Bullish Going Forward?

  
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  Do The Market Bears Have A Point? For long-term hard core market bears, the last several months have been excruciatingly painful as the markets have marched still higher and higher in spite of protest from those in the bear camp.  In spite of warnings about
  1 week ago

• How Do You Figure Your Tips?

  
  Personal Finance Buzz - Published news — Authority: 128
  In our society, it’s expected that you tip when you receive service from different providers. While it can be difficult sometimes to figure out when to tip, it’s pretty well accepted that you tip when you visit the salon, and when you eat out.
  1 week ago

• Things to Know About Selling a Structured Settlement

  
  Personal Finance Buzz - Published news — Authority: 128
  If you are due a payout from an insurance claim or perhaps a lawsuit, you may be given the option to take your money as one lump sum or spread your payment over several years. There are, however, things you should know before going this route.
  1 week ago

• Remarriage restarts SBP coverage

  
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  Q: When I retired I did not elect SBP for my wife. I later elected under the open enrollment plan and she was covered for a few years. She passed away 3 years ago and I am fixing to remarry. Will my new wife be eligible for SBP? Thanks. –James, Pollocksville, North Carolina A: As I’ve noted here, there, and
  1 week ago

• Not Paying Down the Mortgage

  
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  I asked one of my favorite clients recently, “Would you consider not paying down your mortgage so aggressively in order to improve your monthly cash flow?” Her eyes twinkling and determined, she smiled and shook her head slowly enough to let me know that further discussion of the point would be futile. This ...
  1 week ago

• Financial tips for a successful small business & Startups

  
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  The small business units have lot of easy ways to lessen the burden of accounting. There are various methods like a tax payment plan to erase the difficulty in financial planning and make super profits. There are various organizations which … Continue reading → The post Financial tips for a successful small ...
  1 week ago

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