A deeply insightful guide to goal-based financial planning and wealth management Planning a Successful Future empowers advisors and clients to take control of their money and manage their income to achieve their financial goals. Written by the father of fee-only financial planning, this book features real-life stories and examples from over three decades in the industry to illustrate how financial planning works and the best way to create your strategy. You'll learn how to identify and prioritize your goals, and why they're important--and how to get where you need to be for retirement,…mehr
A deeply insightful guide to goal-based financial planning and wealth management Planning a Successful Future empowers advisors and clients to take control of their money and manage their income to achieve their financial goals. Written by the father of fee-only financial planning, this book features real-life stories and examples from over three decades in the industry to illustrate how financial planning works and the best way to create your strategy. You'll learn how to identify and prioritize your goals, and why they're important--and how to get where you need to be for retirement, education, home ownership, and more. Practical exercises get you started on the right track, and useful checklists keep you organized and focused along the way. You'll get expert insight on risk management, allocation, tax reduction, estate planning, and more, as you develop your strategy and put it into action. The financial services industry undergoes frequent changes, and financial planning specifically is affected to a high degree. Keeping up with the latest news and distinguishing trend from legitimate methodology can itself be a fulltime job. This book gives you the background you need to create a plan, and make the smart choices that will help you grow and protect your wealth. * Create a realistic and goal-based financial plan * Take a more proactive approach to your finances * Identify your goals and how to achieve them * Allocate investments appropriately for your situation Financial planning is complex, with many variables to analyze and outside forces that can derail even the best laid plans. Planning a Successful Future gives you the information, tools, strategies, and insight you need to make the best decisions for your financial future.
JOHN E. SESTINA is president of John E. Sestina and Company, a private professional financial planning firm that counsels individual clients on an objective fee-only basis. The firm's guidance to clients throughout North America includes cash flow management, investment management, tax planning, disability planning, education planning, retirement planning, and estate planning.
Inhaltsangabe
Acknowledgments ix Preface xi Introduction 1 Creating Your Financial Plan 2 How Does This Relate to Investing? 3 Are You Meeting Your Goals? 3 Obstacles to Reaching Financial Goals 4 Fuel Your Goals with Income 6 Developing Your Plan 7 Attaining Peace of Mind 8 Chapter #1 What Do You Want? 9 Put It in Writing 9 Six Steps to Financial Freedom 10 Start Planning 13 Other Goals 18 Review Your Plans with Your Family Members and Advisors 18 You Know What You Want 19 Chapter #2 What Do You Have Now? 21 Materials 22 Information You'll Need 22 Filing the Information 22 Looking for Missing Financial Information 24 Understand What You Have 25 Cash Flow Planning: When, Where, and How Much? 26 Plan Your Future Cash Flow 34 Plan Your Cash Reserve 34 Balance Sheet: What Is Your Financial Worth? 43 Chapter #3 Retirement 51 Review Your Retirement Goals 52 Your Cash Flow Worksheet Is Crucial 52 Assumptions for Retirement Planning 53 But What About . . .? 62 Chapter #4 Planning to Send Your Children to College 67 How Much Will a College Degree Cost? 67 Where Will You Find the Money? 68 Review Your Goals 70 Who Controls the Money? 71 Effects of Tax Laws on Your Education Goal 72 Income Shifting to Save Taxes 75 Chapter #5 A House Is Not Always a Good Investment 81 The True Cost of Home Ownership 82 A House as an Investment 85 Shopping for a Mortgage 90 Saving Money on Your Mortgage 94 Buying and Selling 98 Chapter #6 Insurance 101 Types of Life Insurance 101 My Recommendation 105 Types of Insurance Companies 106 Tax Considerations 106 Disability Insurance 109 Chapter #7 Liabilities 115 Good Reasons to Borrow Money 115 Bad Reasons to Borrow 116 Types of Credit 117 Chapter #8 Taxes 125 Four Methods for Reducing Taxes 125 Tax Tools 131 Chapter #9 Investments 137 Financial Basics 138 How the Financial Cycle Works 141 Your Investment Goal 143 Evaluating Risk 143 Investment Triangle 146 Investment Strategy 148 Investment Choices 152 Common Investment Mistakes 160 Other Investments 165 Chapter #10 How to Find and Work with a Financial Planner 171 Tyler V. Cook What Is a Financial Planner? 171 Exposing the Myths 174 How to Find a Financial Planner 175 Chapter #11 Financial Planning for Women 179 Kimberly E. Wirtz Learn About Family Finances While You Can 180 Understand Your Assets, Where They Are, and Who Legally Owns Them 182 Consolidate Accounts 182Name Primary and Backup Beneficiaries 183 Understand Pension and Social Security Arrangements 184 You Need a Will, a Living Will, and Two Powers of Attorney 185 Both Spouses Need Life and Disability Insurance 186 Balancing It All 188 Chapter #12 Financial Planning for Business Owners 189 Stephen Lukan Business Structure 190 Turning a Hobby into a Business 191 Tax and Retirement Planning 192 Building a Team 193 Business Partners 194 Succession Planning 195 Chapter #13 Financial Planning for Physicians 197 Bhagwan Satiani Reasons for Bad Financial Decisions 198 Results of Financial Mistakes 198 Chapter #14 Learning from Professional Athletes' Mistakes 207 Lawrence Funderburke Holes in Their Pockets 208 Inexperience Hurts 209 Learn from Their Mistakes 209 About the Contributors 215 About the Author 217 Index 219
Acknowledgments ix Preface xi Introduction 1 Creating Your Financial Plan 2 How Does This Relate to Investing? 3 Are You Meeting Your Goals? 3 Obstacles to Reaching Financial Goals 4 Fuel Your Goals with Income 6 Developing Your Plan 7 Attaining Peace of Mind 8 Chapter #1 What Do You Want? 9 Put It in Writing 9 Six Steps to Financial Freedom 10 Start Planning 13 Other Goals 18 Review Your Plans with Your Family Members and Advisors 18 You Know What You Want 19 Chapter #2 What Do You Have Now? 21 Materials 22 Information You'll Need 22 Filing the Information 22 Looking for Missing Financial Information 24 Understand What You Have 25 Cash Flow Planning: When, Where, and How Much? 26 Plan Your Future Cash Flow 34 Plan Your Cash Reserve 34 Balance Sheet: What Is Your Financial Worth? 43 Chapter #3 Retirement 51 Review Your Retirement Goals 52 Your Cash Flow Worksheet Is Crucial 52 Assumptions for Retirement Planning 53 But What About . . .? 62 Chapter #4 Planning to Send Your Children to College 67 How Much Will a College Degree Cost? 67 Where Will You Find the Money? 68 Review Your Goals 70 Who Controls the Money? 71 Effects of Tax Laws on Your Education Goal 72 Income Shifting to Save Taxes 75 Chapter #5 A House Is Not Always a Good Investment 81 The True Cost of Home Ownership 82 A House as an Investment 85 Shopping for a Mortgage 90 Saving Money on Your Mortgage 94 Buying and Selling 98 Chapter #6 Insurance 101 Types of Life Insurance 101 My Recommendation 105 Types of Insurance Companies 106 Tax Considerations 106 Disability Insurance 109 Chapter #7 Liabilities 115 Good Reasons to Borrow Money 115 Bad Reasons to Borrow 116 Types of Credit 117 Chapter #8 Taxes 125 Four Methods for Reducing Taxes 125 Tax Tools 131 Chapter #9 Investments 137 Financial Basics 138 How the Financial Cycle Works 141 Your Investment Goal 143 Evaluating Risk 143 Investment Triangle 146 Investment Strategy 148 Investment Choices 152 Common Investment Mistakes 160 Other Investments 165 Chapter #10 How to Find and Work with a Financial Planner 171 Tyler V. Cook What Is a Financial Planner? 171 Exposing the Myths 174 How to Find a Financial Planner 175 Chapter #11 Financial Planning for Women 179 Kimberly E. Wirtz Learn About Family Finances While You Can 180 Understand Your Assets, Where They Are, and Who Legally Owns Them 182 Consolidate Accounts 182Name Primary and Backup Beneficiaries 183 Understand Pension and Social Security Arrangements 184 You Need a Will, a Living Will, and Two Powers of Attorney 185 Both Spouses Need Life and Disability Insurance 186 Balancing It All 188 Chapter #12 Financial Planning for Business Owners 189 Stephen Lukan Business Structure 190 Turning a Hobby into a Business 191 Tax and Retirement Planning 192 Building a Team 193 Business Partners 194 Succession Planning 195 Chapter #13 Financial Planning for Physicians 197 Bhagwan Satiani Reasons for Bad Financial Decisions 198 Results of Financial Mistakes 198 Chapter #14 Learning from Professional Athletes' Mistakes 207 Lawrence Funderburke Holes in Their Pockets 208 Inexperience Hurts 209 Learn from Their Mistakes 209 About the Contributors 215 About the Author 217 Index 219
Es gelten unsere Allgemeinen Geschäftsbedingungen: www.buecher.de/agb
Impressum
www.buecher.de ist ein Shop der buecher.de GmbH & Co. KG Bürgermeister-Wegele-Str. 12, 86167 Augsburg Amtsgericht Augsburg HRA 13309
