What is Financial Planning?
Financial planning is a process that can help you target your goals by evaluating your whole financial picture, then outlining strategies that are tailored to your individual needs and available resources.
A comprehensive financial plan serves as a framework for organizing the pieces of your financial picture. With a financial plan in place, you’ll be better able to focus on your goals and understand what it will take to reach them.
Financial Planning covers six primary areas of a person’s financial life:
- Investment Planning
- Tax Planning
- Estate Planning
- Retirement Planning
- Education Planning
- Insurance Planning
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