Summary |
In this book authors considers personal financial planning, as the process of determining an individual's or a family's total financial objectives, considering alternative plans or methods for meeting those objectives, selecting the plans and methods that are best suited for the person's circumstances, implementing those plans, and then periodically reviewing the decisions made and making necessary adjustments. In this process, a person's or family's overall financial affairs - investments, saving programs, insurance and annuities, retirement plans, other employee benefits, income tax planning, estate planning, and so forth - should be considered as a coordinated whole, rather than on piecemeal basis. It also means that the professional financial planners who are rendering financial planning services to the public should be knowledgeable is n variety of disciplines. It is an objective of this book to help to achieve these results.
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