jiten702
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Location: India
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| Financial Planner... |
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Financial Planners are the ones who provide comprehensive advice on all aspects ranging from smaller day to day requirements of money management to bigger financial goals such as owning a house, children's education, retirement etc. For some the financial planner has to help them crystallize their dreams, goals and objectives.
Very few people have the time and expertise of making a complete financial plan for themselves. Moreover, considering the number of complex issues, which are involved in the financial planning, it is a financial planner who can guide in achieving the financial goals.
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Financial Advisor
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Wed Apr 20, 2011 9:08 am |
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nimish03
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Location: indore
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| Money will come when you are doing the right thing |
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Actually this is very critical thing, Financial planning is not a easy task, and we should consult from best financial adviser for that work.i think they can give us right way for financial planning or investment.because predefined structure is compulsory for investment.
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Wed Apr 20, 2011 12:22 pm |
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josht
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Location: Boise, ID
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Financial planning has only been made difficult by investors and financial planners themselves. It's really not that difficult though to plan your finances. Take how much you earn and figure out how much you should be spending and how much you will need to save away for retirement.
Typical financial planners however are going to try to convince you to put your 5 percent savings (above the average) and put it into the market.
But this is flawed. Take someone who make 100k a year.
Saves 5000, and puts it into the market.
10 percent rate of return = 500 dollars.
And that's the end of it for most financial planners.
However, if you can lower your taxes, debt, and interest by only 1 percent, on the other 95,000 dollars, that's 950 dollars. You will have a much greater impact on your lifetime finance by learning strategies to lower these unnecessary fees than rate of return will ever have.
Incorporate a 4-6 percent tax free guaranteed rate of return with this and that is what I consider the best financial strategy.
Josh Thompson
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Fri Apr 22, 2011 4:35 pm |
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oldguy
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quote:
Saves 5000, and puts it into the market.
10 percent rate of return = 500 dollars.
Hmmm - the market index (SP500) has returned about 11%/yr (average) for decades. But using your $5000/yr at 10%/yr nubers it would be about a million in 30 years.
And if you put that $5000/yr into a protected fund such as a 401k, you reduce your annual tax bill by about $1250/yr for most of us. So maybe that $1250/yr could go into a taxable index fund and grow tax-deferred to over two million?
Am I missing the flaw? 
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Fri Apr 22, 2011 6:23 pm |
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josht
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S & P - Last 10 years, actual before tax rate of return = 0 percent.
Pretty decent size information to miss. 
Josh Thompson
Infinite Banking
You Be the Bank
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Fri Apr 22, 2011 6:30 pm |
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oldguy
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quote:
S & P - Last 10 years, actual before tax rate of return = 0 percent.
Pretty decent size information to miss.
Actually, I used your input (10%/yr) for the calculation, the actual 30 yr return was 11%/yr (including the most recent decade). Hopefully people who plan for their futures don't buy longterm products for shortterm use - most of us want a 30 yr plan for our core holdings (& let the speculaters try to time the market).
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Fri Apr 22, 2011 9:48 pm |
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jimmyjhonson
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Financial planners, more than just stock brokers-they are trained professionals who have fiduciary duty to their clients interests above their own. If you are looking for a secure financial future, the only choice you have, please consult a certified financial planner.
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Mon Apr 25, 2011 1:05 pm |
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keshavmish
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These standards ensure that you should always see the following 6 steps of financial planning:
1. Defining the client/financial planner relationship Your adviser will clearly define what services will be delivered, and what their responsibilities will be, as well as your own;
2. Establish your goals This is probably the most important aspect of the process for your future since the certified financial planner will aim to help you achieve your goals. This can only be done after you have established your goals;
3. Clarify your current financial status Your planner will define where you are now financially, and identify any problem areas in your current situation;
4. Develop a financial plan Your planner will work with you to create a plan so that you can clearly see which steps are needed to achieve or maintain your goals;
5. Implement your financial plan Once you know what needs to be done, your financial planner will help you to put in motion action to plug gaps in your financial situation, and then work towards achieving your longer term goals;
6. Review Your personal life will not remain static, so you will need to repeat the financial planning process at regular intervals, to take account of changes in your plans and situation.
http://www.youtube.com/watch?v=6AIstoTbGCI
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Sat Aug 20, 2011 1:18 pm |
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euniceB
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Location: Los Angeles, CA
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We can be financial planners of our own money. Everybody needs to shop for food. It is very costly for many families, but it also something you can save a lot of money on. The cost of food is one of the many economic indicators that things are becoming more expensive. Saving money on groceries, with some helpful hints, is an excellent way to beat the higher cost of food. Here are just a few Tips for saving money on groceries when food prices rise.
Meat and greet
Have a cow : The Daily Finance post on beef has advice from an industry insider: Buy beef in bulk.
Rice and beans : Instant rice and canned beans aren’t the most expensive items, but they are more expensive than their dried counterparts.
For a few dollars less : Have a look at the closest dollar store. There will often be things like canned goods and pasta that will be cheaper there than at a grocery store.
Clip coupons : The practice of “extreme couponing” might not be for everyone, but coupons are a way to save some serious cash. If clipping coupons saves more than the cost of the newspaper they came in, it’s worth it.
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Tue Aug 23, 2011 5:53 am |
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coaster
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| mod's note |
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please do not hide urls under post message text. most of those turn out to be spam. I don't have time to check them all. thus more often than not such posts just get deleted. if you have a genuine article you wish to link to, don't hide the link.
~Tim~
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Tue Aug 23, 2011 4:30 pm |
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Robert01
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Financial planning is not easy therefore there is the need of the financial planner for it so that everything will be on its place and one will achieve an stable financial life.
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Thu Sep 08, 2011 12:59 pm |
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nodes
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A financial planner will help you to get rapidly a general overview of your situation (Goals, aversion to risk, capacity...) furthermore it will provide you with some taxes break tips for example. You just need to ensure he's perfectly independent when he propose you some investments.
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Fri Sep 09, 2011 9:36 am |
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chrisgayle
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The key defining aspect financial planner is that he considers all questions, information and advice as it impacts and is impacted by the entire financial and life situation of the client. Some financial planners may specialize in one or more areas, such as insurance planning (risk management) or retirement planning.
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Wed Sep 14, 2011 5:16 am |
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reversemortgageinfo
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| Using a Financial Planner Can be Wise |
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I agree that using a financial planner can be wise. They can help you deal with numerous financial issues. This can include issues with income, planning for your retirement, making investments, and even business plans. If you have ideas you believe are necessary to sustain you financially, or plan for a better financial future some times it's best to consult a financial planner. However, make sure you consult more than one so you know you're getting good advice. Also, if they recommend a certain investment or solution, make sure they're not tied into that deal and are just suggesting them so they get a kick back!
Stephanie Jameson
Reverse Mortgage Information
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Sat Oct 08, 2011 9:02 pm |
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