Summary |
Human life is a process of continuous change. We pass through different life cycle stages-single and young, just married, when the new child born, attain middle age, retire from employment, and post-retirement life, etc. Accordingly, our life style changes, incomes, goals and needs also change frequently. Comprehensive financial planning covers a client’s entire financial needs during his life term. Personal financial planner is a practicing professional who helps people to deal with various personal financial issues. Major areas such as cash flow management, education planning, retirement planning, investing planning, risk management and insurance planning, tax planning, estate planning, and business succession planning are the domain of personal finance planning. The book outlines such personal financial planning process for both users and intermediary advisors.
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