Financial planning


Real financial planning is not simply looking at someone’s investment holdings and providing a new asset allocation,” says NAPFA National Chair Lauren Locker, CFP®. “It is a much more detailed process that addresses every aspect of an individual’s financial well being, including budgeting and saving, insurance, college funding, estate planning, tax strategies and more.”

Putting in simple prospective one should ask these few question to self …

  1. When can I afford to retire?
  2. What financial changes can I expect after I get married?
  3. How much can I help my kids with school finances without derailing my own retirement?
  4. What’s my net worth?
  5. Can I afford to have another child?
  6. How much house can I afford?
  7. How will I be able to pay bills six months from now, six years from now and sixteen years from now?
  8. Which investment vehicle is right for me?
  9. What types of insurance and documents do I need in place to protect my family?
  10. Where is my money going now and where should it be going?
  11. What exactly is a diversified portfolio and how can I build one?
  12. How did my investments do this past year??
  13. Will you make “buy or sell” recommendations for my portfolio?
  14. What tax savings strategies are available to me?
  15. Am I taking advantage of all the benefit plans my employer offers?
  16. How will inflation impact my retirement goals?

Financial planning is not my forte but the above question are worth a try for answers !!


2 thoughts on “Financial planning

  1. Financial planning is my forte, and I agree with all of the questions that are listed above. There are no quick fixes to setting up a financial plan and the idea is to meet with a financial planner and build trust in the relationship, because as we all know, life does throw you some curve balls and at certain times in your life you will need to make adjustments to your plan and you want to talk to someone that you can trust to make sure you can make it to the finish line in good shape. If you have any questions about your financial plan, feel free to reach out to me with any questions that you may have.


    1. Thank you Chris for your valuable feedback. Certainly I will reach out to you if i would be facing any difficulty with financial plans.


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