Price Waterhouse Personal Financial Adviser.When you consult a personal advisor, you expect clear, concise answers to your questions. On that note, the Price Waterhouse Personal Financial Adviser delivers. Published by the Big Six firm's Personal Finances Services Group, the book dispels the myths that cloud financial visions and lays out the simple faces of money management. It also dismisses long-held notions about the affordability of financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against , and explains municipal and Treasury bonds and retirement and estate planning Estate Planning The overall planning of a person's wealth, including the preparation of a will and the planning of taxes after the individual's death. Notes: Contrary to popular belief, estate planning involves much more than preparing a will, and it is not only for the . The authors explain how the investing phenomena of compounding interest, dollar-cost averaging dollar-cost averaging Investment of a fixed amount of money at regular intervals, usually each month. This process results in the purchase of extra shares during market downturns and fewer shares during market upturns. and tax deferrals can work for you. They also answer common questions about mutual fund prospectuses and financing your child's college education. They've included planning worksheets, charts and tables for the more market savvy reader. Just as the Cheshire Cat Cheshire Cat imperturbable cat with perpetual grin. [Br. Lit.: Alice’s Adventures in Wonderland] See : Goodnaturedness advised Alice in Wonderland, "It doesn't matter which way you go if you don't know Don't know (DK, DKed) "Don't know the trade." A Street expression used whenever one party lacks knowledge of a trade or receives conflicting instructions from the other party. where you're going," so too with financial planning, says Michael van den Akker. One of the book's contributors, van den Akker is a partner at Price Waterhouse's West Regional Division of the Personal Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. Group. Unlike some magical jaunt to a world of make-believe, the book guides you on a journey to a place called financial equilibrium. The road to reaching this state is outlined in a 10-step process that begins with a commitment of time and effort. The process ends with monitoring and evaluating the results. At least once a year, ask yourself, "How am I doing?" to see if your goals or strategies need to be revised. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the authors, financial equilibrium is a lifelong concept that means striking a balance between your financial resources, investing needs and spending patterns. Included in that mix are your personal values, family goals, investing time frame and tolerance for risk and certainty. As a result, you stand prepared for whatever curveballs life throws your way. "Just like the comfort that theft or car insurance gives, knowing that your finances are in order contributes to your emotional well-being," says van den Akker. Price Waterhouse Personal Financial Adviser, Irwin Professional Publishing; $15; 800-634-3966. |
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