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”

 

• How To Get Finance After Bankruptcy

  
  All Time Finance — Authority: 143
  You should try to raise your credit score as much as you can if you are not willing to pay terribly high interest rates. The lower your credit score, the higher the risk for the lender to grant you a loan and the higher the risk, the higher the rate. There are, of course, special situations that may have caused your ...
  11 hours ago

• A Look at Investment Options Open to the Newly Retired

  
  The GMGap Blog — Authority: 112
  Naturally, it is fantastic to understand the news that we humans have never been healthier, and that we are living longer than previous generations. Due to advancements in technology, we are able to live far longer than earlier eras. Even so, this creates issues in the case of our retirement plan, as we are each and ...
  12 hours ago

• Is There a Divorce in Your Future? Jane Nowak, CFP® and Certified Divorce Financial Analyst™ Offers Divorce Financial Planning Services for Couples in Atlanta, GA

  
  Get Credit Cards — Authority: 130
  Divorce financial planning expertise for divorcing couples and their attorneys is now available through Kring Financial Management in Atlanta, GA. Working with a Divorce Financial Analyst can help you avoid financial pitfalls and long-term regrets of a legal divorce settlement. (PRWeb February 08, 2012) Read the ...
  14 hours ago

• Is it Ever Too Early to Start Thinking about a Savings Investment Plan

  
  Get Financial Freedom Tips — Authority: 112
  Given the current economic climate, it’s understandable that most people are cautious about investing at the moment. The following article, however, outlines some very compelling reasons why you should be considering investment deals early in your life. Here are some top tips to help you understand why you are ...
  15 hours ago

• Surefire Ways To Help You Avoid Bankruptcy

  
  Financial Newsline — Authority: 135
  If you are in credit card debt and you do not want to declare bankruptcy, then there are several options available for you. One option is obtaining a debt consolidation loan and closing all existing credit lines. Debt consolidation is where you take a new unsecured loan and use the funds to pay off your outstanding ...
  1 day ago

• On Finding an Independent Financial Adviser in Nottinghamshire

  
  The Internet League — Authority: 111
  It almost goes without saying, it’s tremendous to understand the news that we have never been healthier, and we are living longer than ever before. Because of advancements in technology, we will anticipate living far longer than previous generations. Even so, this causes issues on the subject of retiring from ...
  1 day ago

• Yes, It Is Possible To Stick To Your Budget!

  
  All Time Finance — Authority: 143
  You may not believe it at first, but yes, we aren’t spending as much as we did on necessities than we did in the past. Yet, these surveys also show even more Americans in debt than ever before. So does that mean our friends from across the pond are spending more and more money on extravagant, superfluous items? ...
  1 day ago

• Financial Planning Questions You Didn’t Know You Had

  
  Trilogy Life Blog — Authority: 111
  When the topic of financial planning comes up, most people think about savings and retirement—but there’s a lot more to managing your money than building up a nest egg and socking funds away for your golden years, even where your retirement is concerned. Here are a few questions you might never have thought to ...
  2 days ago

• Your Accountant – Your Best Friend And Then Some

  
  Financial Billboard — Authority: 124
  Most people think of accountants as the suits who make sure they get significant tax cuts. You want to be proactive, really, if you want to gain substantial benefit from working with an accountant. The Accountant’s Role In Your Everyday Business Life There are generally two types of accountants. Reactive accountants ...
  2 days ago

• Worst Money Advice Ever

  
  Free Money Finance — Authority: 610
  MSN Money lists six stories of people telling the worst financial advice they ever received . Here are the stories with my thoughts on each: "About 10 years ago an old accountant advised we cash in a substantial 401k plan to pay off credit card debt, instead of instituting a plan to pay it off over time and learn ...
  2 days ago

• Can you cancel the Survivor Benefit Plan? Not really

  
  Ask June! — Authority: 100
  Q:  My husband is retired. We were married after he retired from the military. I did sign up to receive survivor benefits and have been making the payments for eight years. My husband and I have thought of getting a larger life Insurance policy and cancelling my survivor benefits.  Can we do that?  How do you ...
  2 days ago

• How Did You Do It? Tell Us Your Financial Planning Success Stories

  
  Lintau.Org Article Directory Free Articles Submission — Authority: 151
  The start of a new year is a traditional moment for turning over a new leaf. Whether your personal goal is eating better, getting in shape, or putting your financial house in order, a fresh calendar feels like an opportunity to start on the road to self-improvement. But real change doesn’t come easy and, just ...
  2 days ago

• 10 Minutes a Day for Personal Finance Success

  
  Get Financial Freedom Tips — Authority: 112
  It does not take as much time, knowledge, or even money to be financially successful as you might think. Personal financial success can be achieved if you are willing to spend only 10 minutes a day specifically focused on becoming more financially responsible. That’s right. Ten minutes a day can help you ...
  2 days ago

• Considering Home Refinancing?

  
  Financial Newsline — Authority: 135
  When you refinance your home, the new loan will replace the one you already have. This may be done to: Gain a lower interest rate Combine or pay off bills Get cash for your home’s maintenance and improvement What you must consider before refinancing Refinancing to get a lower interest rate will probably save you ...
  2 days ago

• Lake Elsinore Tax Preparer

  
  WAHM Biz Tips — Authority: 128
  Lake Elsinore Tax Preparer  will help you out if you have not received your W-2 yet. The tax preparers will give you some suggestions to talk over with your employer and if it doesn’t work out, they will be able to mediate between you and the IRS making sure the correct forms are used on your taxes. The IRS has ...
  2 days ago

• Where Do You Stand on These Financial Ratios?

  
  Free Money Finance — Authority: 610
  Dough Roller lists a set of financial ratios and gives guidelines on where each of us should stand in relation to them. These can be used as a sort of financial check-up to see if youre on track. Here they are along with where I fit into each one (FYI, I cut out the five (yes, FIVE!) debt ratios since I have no ...
  2 days ago

• Planning For a Steady Stream of Retirement Income

  
  Satisfying Retirement — Authority: 405
  A few weeks ago a reader of satisfying retirement blog , using the name, KEL , left a comment that voiced the concerns of many. In part she said: "My husband and I are very close to retiring, this year (2012) and were finding the necessary downsizing quite difficult. Its good to have your encouraging words. My ...
  2 days ago

• Understand The Best Way To Manage Your Funds And Reduce Your Stress

  
  Chillicious.com — Authority: 134
  Making smart personal finance choices will ensure that you make one of the most of your cash. Here are some suggestions to assist you earn, save, invest and invest wisely. Work some of these concepts into your every day routine, and soon you will have developed new income habits that will put more cash into your ...
  2 days ago

• Financial Planning Lessons from Republic Day

  
  Lintau.Org Article Directory Free Articles Submission — Authority: 151
  Though we are independent, we were not having our own constitution. Without constitution it is difficult to take the right decisions for growth. So we needed our own constitution which will be the principles and guidelines, based on which we will be able to take the right decisions at the right time. Constitution also ...
  2 days ago

• Lesser Known Ways That Families Can Save Money

  
  Financial Highway — Authority: 603
  Whether you have one child or five, effectively managing your finances is always going to be a bit of a juggling act when you have a family to provide for, especially in light of our current global economic situation. There are always unexpected expenses to deal with , but that is not to say that setting a budget and ...
  3 days ago

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