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markwahlbarg

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Published on: 16 Apr 2018 by markwahlbarg

The Rules of Financial Planning

In the
recently concluded press conference it was made clear that there are some rules
that need to be followed for having the perfect financial planning.

11th
April 2018: The venue of the recent press conference was the place where they
explained that there are certain rules that need to be followed so that perfect
financial planning can be achieved.

They
said it is wise to have a perfectly laid out plan from the very inception. This
plan will help you to be on track even if you face a domestic or global
financial turbulence. They said that if seen then at the macro level such
effective planning will help one to have effective taxation and insurance in
place. They will ultimately help you to achieve the goal that you desire to
have.

They
said that while planning emphasis must be given on understanding the current
net value, what your goals are, the amount of money that is required and the
time of such requirement, the risk that you can undertake and where exactly you
can invest to have such goal achieved.

They
also explained that people become so focused on investing that they forget to
secure their investments. That is what needs to be done. You must have an insurance
portfolio perfectly placed which will secure the investment that you make and
eventually make your family They also said that having such insurance coverage
will not only make your investment secured but will also help you to save on
tax.

???? cautioned that
you should never ignore taxes. They said that taxes are an inevitable part of
life and so they cannot be avoided. The rate and the slab can change but taxes
will be there. They cautioned that in order to avoid taxes people follow illegal
ways which if caught will lead to legal litigations. So, they advised that it
is better to pay taxes rather than avoid it.

They
also advised that help of reputed financial planners can be taken so that tax
will be a way to reduce losses and enhance gains. They will plan the structure
in such a manner that you will be making tax saving investments, paying your
tax and filing the return.

They
explained that continuous monitoring of your investment is also required so
that you have effective profits. It is wise to have the help of financial
planners in having such continuous monitoring of investments.

About The Author

The
author Mr. Dean Jones is a world reputed financial planner and is associated
with many organizations offering them advice on financial management. Here he
has shared his valuable thoughts with us.

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