Introducing you to the Financial Planning Process
All of us need a “plan” to be financially successful. Financial Planning is the process of planning your spending, financing and investing while anticipating and dealing with the “road blocks” to financial success. In the financial planning process you will establish goals, create a framework and adopt a philosophy that will allow you to make better choices among financial products. Once you have a plan in place, then you can spend less time juggling with your financial matters. Yet, you will need to set aside time (annually at a minimum) updating your plan. During the process of financial planning you will be able to make better financial decisions that will, over time, result in greater wealth and peace of mind.
Engaging tax professionals, attorneys, professional insurance agents and investment professionals is essential to financial success. Attorneys should draft your legal documents and you should seek professional tax advice and guidance in the selection of insurance and investment products.
The worksheets, sample planning documents and education articles provided here are tools that will help you in the basics of planning process, but may not be inclusive of all of your financial needs. Talk with your Western Fraternal Life representative about your needs. Together we can help you reach your financial goals.
Fraternal Herald Articles |
| 2013 Articles |
2012 Articles |
Financial
Planning Matters: "12 Financial Resolutions That Will Simplify Your Life"
Jan 2013, Pg 13
Financial
Planning Matters: "The Lessons We Can Learn From Others"
Feb 2013, Pg 5
Financial
Planning Matters: "What Is A Living Will and When Do I Need One?"
March 2013, Pg 11
Financial
Planning Matters: "To-Do Lists for Life Changes"
April 2013, Pg 5 |
Financial
Planning Matters: "2012 New Year's Resolution"
Start Your Retirement Income Planning Now
Jan 2012, Pg 11
Financial
Planning Matters: The "Will" To Getting Your Affairs In Order
Feb. 2012, Pg 5
Financial
Planning Matters: "The Impact of Aging on Decision Making"
March 2012, Pg 9
Financial
Planning Matters: "It's Time to Rethink Traditional Retirement Income Planning"
April 2012, Pg 5
Financial
Planning Matters: "Planning for Long-term Care Costs"
May 2012, Pg 5
Financial
Planning Matters: "What Should You Be Saving For College?"
June 2012, Pg 5
Financial
Planning Matters: College Savings Plans"
July 2012, Pg 17
Financial
Planning Matters: "What are you waiting for?"
August 2012, Pg 9
Financial
Planning Matters: "Will Your Final Wishes be Ignored?"
September 2012, Pg 11
Financial
Planning Matters: "Making The Most of Our Modest Legacy?"
October 2012, Pg 7
Financial
Planning Matters: "Life Insurance: How Much Do I Need in Retirement?"
November 2012, Pg 7
Financial
Planning Matters: 10 Things A Financial Plan Should Tell You
December 2012, Pg 5 |
| 2011 Articles |
2010 Articles |
Financial
Planning Matters: "Financial Literacy in 2011
How can we create Financially Savvy Consumers?"
Jan. 2011, Pg. 11
Financial
Planning Matters: "Are you "Snowed Under" with debt?"
Feb. 2011, Pg 9
Financial Planning Matters: "Managing Your Cash Flow"
March 2011, Pg. 7
Financial
Planning Matters: "Worst Financial Mistakes"
Apr. 2011, Pg 7
Financial
Planning Matters: "Helping the Over-Spender"
Mayr. 2011, Pg 13
Financial
Planning Matters: "How Much Life Insurance Do I Need?"
June. 2011, Pg. 7
Financial
Planning Matters: "Managing Your Inheritance"
July. 2011, Pg. 15
Financial
Planning Matters: "The “New” Retirement Risk –
Safekeeping Your Retirement Income
And Assets From Fraud"
Aug. 2011, Pg. 5
Financial
Planning Matters: "Income Replacement Planning for Widows"
Sept. 2011, Pg. 9
Financial
Planning Matters: "Everyday Estate Planning"
Oct. 2011, Pg. 9
Financial
Planning Matters: "Financial Happiness"
Nov. 2011, Pg. 5
Financial
Planning Matters: "To Roll or Not to Roll" What to do With the 401(k)
Dec. 2011, Pg. 5
|
An
Annual Review of 2009 Will Set the Tone for 2010
February 2010, Pg. 5
Financial
Planning Matters: Estate Planning
March 2010, Pg. 7
Financial
Planning Matters: Roth IRA Conversions
April 2010, Pg. 7
Financial
Planning Matters: Creating and Funding an Emergency Fund
May 2010, Pg. 7
Financial
Planning Matters: Psychological Issues Affecting Financial
Planning
June 2010, Pg. 7
Financial
Planning Matters: Long Term Care Issues
July 2010, Pg 12
Financial
Planning Matters: What should I do with the IRA I inherited?
August 2010, Pg 5
Financial
Planning Matters: Getting A Grip On A Financial Crisis
September 2010, Pg 13
Financial
Planning Matters: Making Things Happen Automatically. That's The
Secret to Long-Term Financial Success.
October 2010, Pg 7
Financial
Planning Matters: The Stages of Retirement.
November 2010, Pg 5
Financial
Planning Matters: "Are You Prepared For The Next Financial
Emergency?".
December 2010, Pg 7 |
| 2009 Articles |
2008 Articles |
Retirement
Planning: How Important is Social Security
January 2009 pg. 6
Investing
and the Financial Planning Process Get
Organized
Feb. 2009 pg. 3
Discussing
Finances with Aging Parents
March 2009 pg. 6
Love
& Money: Families who discuss finances openly are more
likely to stay together.
April 2009 Pg. 9
Economic
Downturn - Get Defensive
May 2009
Financial
Planning - Gathering Information
July 2009 pg. 12
Financial
Planning - Determining Goals and
Expectations
August 2009 pg. 4
Financial
Planning - Defining Expectations & Creating a Personal Investment Philosophy
Sept. 2009 pg. 12
Developing
a Financial Plan - Step 3 in
the Financial Planning Process
Oct. 2009 pg. 8
Developing
a Financial Plan - Determining
How Much Life Insurance You Need
Nov. 2009 pg. 6
Calculating
Your Retirement Nest Egg Number
Dec. 2009 pg. 9 |
Saving
for College
May 2008 Pg. 6
College Students
Majoring in Credit Card Debt
June 2008 pg. 4
Back To Basics
Teaching
Kids About Money
August 2008 pg. 3
Legacy Planning
Sept. 2008 pg. 3
The
Impact of Beneficiary Designations
Nov. 2008 pg. 7 |
