Finance b0y!

What does financial planning covers? Financial planning should ideally cover all areas of the client’s financial needs and finally to end with the achievement his goals and objectives in each of the targeted areas. Usually, the scope of financial planning would include the following:

•Risk Management and Insurance Planning: To make provision against cash flow risks through sound risk management and insurance techniques:

•Investment and Planning Issues: Planning, creating and managing capital accumulation to generate future capital and cash flows for reinvestment and spending.

•Retirement Planning: Planning to ensure financial independence when one retires.

•Tax Planning: Planning for the reduction of tax liabilities and the freeing-up of cash flows for other purposes.

•Estate Planning: Planning for the creation, accumulation, conservation and distribution of assets.

•Cash Flow and Liability Management: Maintaining and enhancing personal cash flows through debt and lifestyle management.