WHY YOU NEED FINANCIAL PLANNING?

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WHY YOU NEED FINANCIAL PLANNING?

Post by jiten702 on Wed Sep 22 2010, 12:55

The need for financial planning arises from the need to meet the financial goals that enable the achievement of one's life goals. These are determined by one's understanding of the present situation, status, income level, wealth, responsibilities, aspirations, risk profile, ability to save, past and present lifestyle, etc.

Financial planning helps to take a comprehensive look towards one's futures financial needs and goals, including cash flow, debt management, education funding, retirement planning, estate conservation and portfolio management.All of us have financial goals to be fulfilled at every stage of life like:-


  • Protecting Oneself & Family against Financial Risks
  • Organizing and Managinh Finances
  • Achieving Personal Goals Such as Child Education, Marriage, Car, Home etc.
  • To be Able to Retire Peacefully
  • Passing Wealth to Next Generation

jiten702
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