Archive for the Plan Category

Can You Be Your Own Financial Planner?

A great opportunity for the American public and for advisers too Let’s be blunt, by default everyone is really their own financial planner. Regardless of the extent of help they receive from professionals, the consumer ultimately is the goal setter, and decision maker, implementing the steps necessary to accomplish goals. The consumer has more resources… Read More »

A Review of Monte Carlo Simulation

Categories: Invest, Plan

Conventional retirement projections in most retirement financial planning software packages and calculators looks at everything the moment you enter it, such as your goals, assets, benefits, and expenses coupled with assumptions for taxes, rates-of-return and inflation. Since this is just a calculation it doesn’t measure probability of all of the many variables that could possibly… Read More »

What are the Pros and Cons of Being Rich?

Wealth and Happiness In the back of our minds, it seems as if a lot of us have a desire to be rich. This thought reminds me of Tevye. The central character in the Tony (10) Award Winning Play, and Oscar (3) Winning Movie, Fiddler on the Roof, Tevye shows us his interesting story about poverty… Read More »

Part 5: Is Suze Orman Right: Can you do your own financial planning?

Suze Orman says: Do Your Own Financial Planning! “I think it’s imperative for you to do as much of the work as possible, rather than turning control over to someone else: your finances.” Ms. Orman and I agree on this. Is this really true, and what does this mean? I think the biggest thing Suze Orman can… Read More »

Part 4: When to Update Your Financial Plan

Certain life events can make significant changes to your overall finances and  can necessitate updating your financial plan. This list of life events is provided to alert you to circumstances that may affect your overall plan. Receiving a large amount of money. “Money is the world’s curse. May the Lord smite me with it! And may… Read More »

Part 3: Financial Plan Basics: Financial Planning Myths

There is a lot of misinformation about financial planning. Therefore, this article exposes some of the myths or hypes of planning. This information may be helpful for people to understand more about financial planning. Financial Plans Should Not Be: 1: Product Purchase Centered:  Financial planning should never be based on the sale of a particular insurance or… Read More »

Part 2: Personal Financial Planning, History, Process and Options

Financial Planning Defined: The devising of a program for the allocation and management of finances and capital through budgeting, investment, etc. In other words, it is the process of meeting your life goals through the proper management of your finances. Financial Planning Trends:  Financial planning has been an emerging profession for about the last 30 years. Prior to… Read More »

Part 1: Basics of Financial Planning – What is Personal Financial Planning?

Personal Comprehensive Financial Planning: A financial plan serves as an ongoing master plan for your money.  It also serves as a cornerstone for decision making throughout your life.  All of life’s decisions affect our finances; education, home purchases, vacations, and children, and a multitude of choices also have an affect on college planning, retirement, etc.  A financial plan should… Read More »

5 Key Items to Help You Achieve Your Goals in 2014

Categories: Plan

Here is a great list of 5 things you can do, so that you WILL achieve your goals in 2014.  Most people don’t seem to be able to keep resolutions beyond a few months, but if you do these things I know you will reach your goals. Commit to Not Quit:  Whatever goals you set… Read More »

50% Off eFinPLAN for Veterans

Categories: Plan

I appreciate the service, commitment and sacrifice veterans have made to our country and its people.  To honor you, we are offering 50% off the regular cost of eFinPLAN of $49 semi-annual, so that all interested veterans can get a comprehensive financial plan for only $24.50. We created eFinPLAN in 2007 to help people obtain a… Read More »