Financial Planning Directory

Most financial planners authorised and are expected to sell investments. These financial planners are transaction based, they get commission for selling a product, no sale, no commission and the client loses 4% or 5% of their investment money the moment they sign up.

Cautious financial planning takes in consideration that inflation reduces the value of today's dollar by about 3% per annum. This means that today's dollar is worth only 74 cents in 10 years and 55 cents in 20 years' time. Cautious financial planning is not ignoring inflation.

Conservative financial planning is to use investments that will create the capital required in the financial plan. The best financial plan is useless if the investments do not perform to requirement.

Financial planning for retirement may mean using less income or paying a lot less interest on borrowings now in order to make the necessary retirement savings.

Financial planning for retirement income takes in account that when you are no longer working you have much more time to spend money. Just like when you are on holiday. Most retirees easily spend 30% or more per year thatn when they are still working. Retirees should be able to spend more in retirement, spending less or much less will not provide a good lifestyle for that long retirement.

Financial Planning for financial independence is different from retirement planning. To be financially independent at 50 is better than being financially independent after retirement age. The earlier financial independence is reached the better. Well invested the capital will exceed the otherwise planned retirement capital.