A financial plan is a comprehensive evaluation of an investor's current and future financial state.
 | | Financial Plan | | A financial plan is a comprehensive evaluation of an investor's current and future financial state by using currently known variables to predict future cash flows, asset values and withdrawal plans. Most individuals work in conjunction with a financial planner and use current net worth, tax liabilities, asset allocation, and future retirement and estate plans in developing financial plans. These metrics are used along with estimates of asset growth to determine if a person's financial goals can be met in the future, or what steps need to be taken to ensure that they are. | | Breaking it Down: | | Financial plans don't have a specific template, though most licensed professionals include knowledge and considerations of... | | Read More » | | Related to "Financial Plan" | | | | Risk Management | | Risk management occurs anytime an investor or fund manager analyzes and attempts to quantify the potential for losses in an investment. | | Read More » | | | Estate Planning | | Estate planning is the preparation of tasks that serve to manage an individual's asset base in the event of their incapacitation or death. | | Read More » | | | Net Worth | | Net worth is a concept applicable to individuals and businesses as a key measure of how much an entity is worth. | | Read More » | | |  | | | | CONNECT WITH INVESTOPEDIA | | | | | | | |
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