Financial Planning

Financial planning refers to a process whereby a financial professional partners with individuals, families and/or businesses to help them accomplish their stated financial goals and objectives. Financial planning typically involves addressing several key financial areas such as income planning, debt management and reduction, investment planning and management, tax planning, estate planning, long-term care expenses, and retirement income planning and asset decumulation.

Noteworthy Reads - October 18, 2013

- The value of health and longevity -- ”a 1 percent reduction in cancer mortality would be worth $500 billion” (Dartmouth College)

- 2 formulas intended to optimize annual retirement withdrawal strategy -- 1 approach is dynamic and the other is based on...

Morningstar Research Quantifies the Value of Financial Planning for Retirement

New retirement income research from Morningstar provides a framework for quantifying the value of effective financial planning for retirement. Morningstar’s retirement research team uses the concept of “Gamma” to refer to the extra retirement income that can be attributed to better financial planning and decisions. The researchers concluded that retirees can generate roughly 29 percent more income using a “Gamma-efficient” retirement income strategy. This 29...

On Withdrawal Rates

In a recent Barron’s interview, Ray Dalio discusses financial deleveraging and makes an interesting point about the relationship between nominal interest rates and...

The Best Financial Planning Resources are Affordable and Far Removed from Wall Street

Laurence Kotlikoff is a Professor of Economics and Boston University. Professor Kotlikoff is one of the nation’s leading experts on fiscal policy, national saving and personal finance. 

Professor Kotlikoff is the author or co-author of 15 books and he publishes extensively in newspapers, magazines and blogs on issues of personal finance, financial reform, taxes,...