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| Why Use a Financial Planner?
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Intelligent financial planning involves knowledge of tax laws, cash flow management, investment risks vs. potential gains, insurance, retirement needs, education needs and costs, estate planning, and business planning for business owners. Some people have adequate knowledge of these subjects and some people are well served by the assistance of an expert. Personal financial planning involves making the right decisions to achieve both short-term and long-term goals.
Developing a comprehensive financial plan begins with reviewing goals and objectives, net worth, cash flow, all assets, and both existing and potential liabilities. Writing ideas down on paper or in a computer file and organizing them into a list or an outline format will help to solidify the thought process. If you feel you need the assistance of a financial planner, it is advisable to find a professional who not only is skilled and experienced in all aspects of finance but also understands the individual needs of people; in this way, the planner can help define a strategy tailored to your specific situation.
A Certified Financial Planner (CFP) has met all the requirements of the Certified Financial Planner
Board of Standards and is obligated to adhere to their code of ethics and business practice standards. A Registered Financial Consultant (RFC) is a member of the International Association of Registered Financial Consultants. A Personal Financial Specialist (PFS) has earned the approval of the American Institute of Certified Public Accountants and is bound to adhere to their code of ethics and business practice standards. You work hard to ensure your financial security; make sure your financial planner will, too.
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Posted by gmcgowan on 2008-02-22 12:33:39 | Rating: | Views: 39
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