WHAT ARE THE MAJOR AREAS OF FINANCIAL PLANNING?
The major areas in a financial planning relationship include setting goals and objectives, identifying issues or problems that may affect the achievement of the goals, creating a net worth statement, developing an income tax strategy, reviewing insurance policies, reviewing current and proposed investments, planning for educational funding, planning for retirement, reviewing estate plans and finally, specific recommendations for action.
Related Questions
- What are some specialty areas in the area of personal financial planning? How do you ensure a well-rounded financial plan?
- What are the advantages of providing personal financial planning services in metropolitan areas and rural areas?
- What areas are covered in the financial planning done by King Trust?
