Financial Planning Defined | Jaron H. Poulson Fee-Based Financial Planning

Comprehensive personal financial planning is the process of formulating, implementing, and monitoring multifunctional decisions that help enable an individual or family to achieve financial goals.

Your personal financial plan is organized, analyzed, and presented in written form with no mention of specific products or companies. The custom written details cover the specific objectives, observations, and recommendations for your personal financial situation.

A comprehensive financial plan includes planning considerations associated with the following six areas:

  • Current financial position
  • Risk management
  • Investment
  • Tax
  • Retirement
  • Estate

If a comprehensive plan is not necessary, a focused financial plan can be created consisting of only one or two areas.

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