Newly divorced clients require updated plans

Article Abstract:

Financial planners can help newly divorced clients by developing revised insurance plans that cover their new needs. Financial goals and short-term spending must be changed, and spending controls are often necessary. Planners should encourage divorced clients to track all spending and pay for everything in cash to help clients overcome fear and gain self-confidence. Financial planners should also review the insurance policies of divorced clients to check for coverage gaps, cost-savings potential and necessary changes of beneficiary.

Commercial Banks, Insurance, Insurance Carriers and Related Activities, INSURANCE CARRIERS, Practice, Divorced people

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Newly retired clients require long-range plans

Article Abstract:

Financial planning for the recently retired requires projections over 25 to 35 years. Financial information, personal information and family information must be obtained to develop a financial plan. Income and expense projections must be developed to ensure an enjoyable lifestyle. Calculations can determine whether the income is tax-free or taxed, the potential growth or loss of each investment and possible changes over time.

Financial planning, Column, Retirement income

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Making the grade with new college grads

Article Abstract:

Financial planners can help recent college graduates develop sound personal-finance habits. Four such habits are discussed. Planners can help graduates learn the value of insurance, which requires small payments but offers substantial protection. The habits of saving, learning about investments, and learning to make choices instead of letting choices happen, are also discussed.

Investment advice, Investment Advisory Services, Services, Personal finance, Investment advisers

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