My Personal Financial Plan

This unique, two-in-one book system combines an educational book with a workbook to guide you through each area of personal financial planning.

The first half is an educational book that will teach you about each topic, as well as explain the most common pros and cons of the different options that are available. The second half is a workbook that allows you to enter your own data into simple formulas to see which options are best for you - and where there are surpluses or gaps in your plan.

This simple process eliminates the need to sift through the huge amounts of data most other books provide that do little to help you understand and actually apply the information most pertinent to your situation.

What areas are addressed?

Retirement Planning, Education Planning, Investing, Savings, Inheritance, Social Security Planning, Life Insurance, Disability Insurance, Long Term Care, Insurance

The sheer size of most financial planning books is intimidating - and the task of understanding what to do with all the information after you have read it is daunting. As a result, most of these well-intended purchases end up never being read - or at least never acted upon. This information overload often ends up leaving the reader with more questions than answers.

My Personal Financial Plan is different. This simple system consolidates information and helps you make sense of it so you can implement your plans immediately.

Despite what you may think, many financial decisions can be answered quite simply. Obviously, there is no book that can answer every question that comes up; however, many decisions can be made once you have a basic knowledge of the subject and understand how it applies to your situation.

Questions addressed include:

Should I Rollover my Employer-Sponsored Retirement Plan (such as a 401k or 403b) from a previous employer to an IRA, or keep it where it is?

Which Type of Account is best for my retirement planning (such as Roth vs. Traditional IRA, 401k, etc.) as well as other goals (such as saving for a vacation, wedding or a house)?

How do I choose the right vehicles for my Savings and Investing goals?

How much do I need for Emergency Reserves?

How do I choose the right Allocation for my investments?

Life Insurance - Do I need it? If so, what kind and how much? If I no longer need my existing policy, what are my options?

Disability Insurance - Do I need it? If so, what kind and how much?

Which type of account for Education Planning is best for my situation? How will assets affect financial aid if the account is in either the parent's, grandparent's or the student's name?

Long Term Care Insurance - Do I need it? If so, what kind and how much?

Roth Conversion - Should I convert my IRA or Employer-Sponsored Retirement Plan (such as a 401k or 403b) to a Roth?

How can I run a Projection to find out if I am on track to reaching my financial goals?

How will Inflation affect my savings and investments?

I received an Inheritance - Now what do I do?

Incapacitation - How do I make sure my wishes are carried out if I become medically or mentally incapacitated?

How do I choose among my Social Security Retirement Benefit options?

What Social Security Disability Benefits are available to me and my family?

What Social Security Survivorship Benefits are available to me and my family?

In addition, you will learn about many other common topics including:

Saving vs Investing - Yes, there is a difference

Risks - All investments carry some type of risk; understanding the different types of risk is vital to your success as a saver or investor. These few pages will almost certainly change the way you think about risk.

The biggest obstacle to investors reaching their goals is procrastination. Making the decision to start is the hardest part. The rest is easy. Order now to take that first step

This edition is for 2015 and 2016.