{"product_id":"planning-a-successful-future-isbn-9781119069126","title":"Planning a Successful Future","description":"\u003cb\u003eA deeply insightful guide to goal-based financial planning and wealth management\u003c\/b\u003e \u003cp\u003e\u003ci\u003ePlanning a Successful Future \u003c\/i\u003eempowers advisors and clients to take control of their money and manage their income to achieve their financial goals. Written by the father of fee-only financial planning, this book features real-life stories and examples from over three decades in the industry to illustrate how financial planning works and the best way to create your strategy. You'll learn how to identify and prioritize your goals, and why they're important—and how to get where you need to be for retirement, education, home ownership, and more. Practical exercises get you started on the right track, and useful checklists keep you organized and focused along the way. You'll get expert insight on risk management, allocation, tax reduction, estate planning, and more, as you develop your strategy and put it into action.\u003c\/p\u003e \u003cp\u003eThe financial services industry undergoes frequent changes, and financial planning specifically is affected to a high degree. Keeping up with the latest news and distinguishing trend from legitimate methodology can itself be a fulltime job. This book gives you the background you need to create a plan, and make the smart choices that will help you grow and protect your wealth.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eCreate a realistic and goal-based financial plan\u003c\/li\u003e \u003cli\u003eTake a more proactive approach to your finances\u003c\/li\u003e \u003cli\u003eIdentify your goals and how to achieve them\u003c\/li\u003e \u003cli\u003eAllocate investments appropriately for your situation\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eFinancial planning is complex, with many variables to analyze and outside forces that can derail even the best laid plans. \u003ci\u003ePlanning a Successful Future\u003c\/i\u003e gives you the information, tools, strategies, and insight you need to make the best decisions for your financial future.\u003c\/p\u003e \u003cp\u003eAcknowledgments ix\u003c\/p\u003e \u003cp\u003ePreface xi\u003c\/p\u003e \u003cp\u003e\u003cb\u003eIntroduction 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCreating Your Financial Plan 2\u003c\/p\u003e \u003cp\u003eHow Does This Relate to Investing? 3\u003c\/p\u003e \u003cp\u003eAre You Meeting Your Goals? 3\u003c\/p\u003e \u003cp\u003eObstacles to Reaching Financial Goals 4\u003c\/p\u003e \u003cp\u003eFuel Your Goals with Income 6\u003c\/p\u003e \u003cp\u003eDeveloping Your Plan 7\u003c\/p\u003e \u003cp\u003eAttaining Peace of Mind 8\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter #1 What Do You Want? 9\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePut It in Writing 9\u003c\/p\u003e \u003cp\u003eSix Steps to Financial Freedom 10\u003c\/p\u003e \u003cp\u003eStart Planning 13\u003c\/p\u003e \u003cp\u003eOther Goals 18\u003c\/p\u003e \u003cp\u003eReview Your Plans with Your Family Members and Advisors 18\u003c\/p\u003e \u003cp\u003eYou Know What You Want 19\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter #2 What Do You Have Now? 21\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMaterials 22\u003c\/p\u003e \u003cp\u003eInformation You’ll Need 22\u003c\/p\u003e \u003cp\u003eFiling the Information 22\u003c\/p\u003e \u003cp\u003eLooking for Missing Financial Information 24\u003c\/p\u003e \u003cp\u003eUnderstand What You Have 25\u003c\/p\u003e \u003cp\u003eCash Flow Planning: When, Where, and How Much? 26\u003c\/p\u003e \u003cp\u003ePlan Your Future Cash Flow 34\u003c\/p\u003e \u003cp\u003ePlan Your Cash Reserve 34\u003c\/p\u003e \u003cp\u003eBalance Sheet: What Is Your Financial Worth? 43\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter #3 Retirement 51\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eReview Your Retirement Goals 52\u003c\/p\u003e \u003cp\u003eYour Cash Flow Worksheet Is Crucial 52\u003c\/p\u003e \u003cp\u003eAssumptions for Retirement Planning 53\u003c\/p\u003e \u003cp\u003eBut What About . . .? 62\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter #4 Planning to Send Your Children to College 67\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHow Much Will a College Degree Cost? 67\u003c\/p\u003e \u003cp\u003eWhere Will You Find the Money? 68\u003c\/p\u003e \u003cp\u003eReview Your Goals 70\u003c\/p\u003e \u003cp\u003eWho Controls the Money? 71\u003c\/p\u003e \u003cp\u003eEffects of Tax Laws on Your Education Goal 72\u003c\/p\u003e \u003cp\u003eIncome Shifting to Save Taxes 75\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter #5 A House Is Not Always a Good Investment 81\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe True Cost of Home Ownership 82\u003c\/p\u003e \u003cp\u003eA House as an Investment 85\u003c\/p\u003e \u003cp\u003eShopping for a Mortgage 90\u003c\/p\u003e \u003cp\u003eSaving Money on Your Mortgage 94\u003c\/p\u003e \u003cp\u003eBuying and Selling 98\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter #6 Insurance 101\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTypes of Life Insurance 101\u003c\/p\u003e \u003cp\u003eMy Recommendation 105\u003c\/p\u003e \u003cp\u003eTypes of Insurance Companies 106\u003c\/p\u003e \u003cp\u003eTax Considerations 106\u003c\/p\u003e \u003cp\u003eDisability Insurance 109\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter #7 Liabilities 115\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGood Reasons to Borrow Money 115\u003c\/p\u003e \u003cp\u003eBad Reasons to Borrow 116\u003c\/p\u003e \u003cp\u003eTypes of Credit 117\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter #8 Taxes 125\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFour Methods for Reducing Taxes 125\u003c\/p\u003e \u003cp\u003eTax Tools 131\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter #9 Investments 137\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFinancial Basics 138\u003c\/p\u003e \u003cp\u003eHow the Financial Cycle Works 141\u003c\/p\u003e \u003cp\u003eYour Investment Goal 143\u003c\/p\u003e \u003cp\u003eEvaluating Risk 143\u003c\/p\u003e \u003cp\u003eInvestment Triangle 146\u003c\/p\u003e \u003cp\u003eInvestment Strategy 148\u003c\/p\u003e \u003cp\u003eInvestment Choices 152\u003c\/p\u003e \u003cp\u003eCommon Investment Mistakes 160\u003c\/p\u003e \u003cp\u003eOther Investments 165\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter #10 How to Find and Work with a Financial Planner 171\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eTyler V. Cook\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eWhat Is a Financial Planner? 171\u003c\/p\u003e \u003cp\u003eExposing the Myths 174\u003c\/p\u003e \u003cp\u003eHow to Find a Financial Planner 175\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter #11 Financial Planning for Women 179\u003c\/b\u003e\u003cbr\u003eKimberly E. Wirtz\u003c\/p\u003e \u003cp\u003eLearn About Family Finances While You Can 180\u003c\/p\u003e \u003cp\u003eUnderstand Your Assets, Where They Are, and Who Legally Owns Them 182\u003c\/p\u003e \u003cp\u003eConsolidate Accounts 182Name Primary and Backup Beneficiaries 183\u003c\/p\u003e \u003cp\u003eUnderstand Pension and Social Security Arrangements 184\u003c\/p\u003e \u003cp\u003eYou Need a Will, a Living Will, and Two Powers of Attorney 185\u003c\/p\u003e \u003cp\u003eBoth Spouses Need Life and Disability Insurance 186\u003c\/p\u003e \u003cp\u003eBalancing It All 188\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter #12 Financial Planning for Business Owners 189\u003c\/b\u003e\u003cbr\u003e\u003ci\u003eStephen Lukan\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eBusiness Structure 190\u003c\/p\u003e \u003cp\u003eTurning a Hobby into a Business 191\u003c\/p\u003e \u003cp\u003eTax and Retirement Planning 192\u003c\/p\u003e \u003cp\u003eBuilding a Team 193\u003c\/p\u003e \u003cp\u003eBusiness Partners 194\u003c\/p\u003e \u003cp\u003eSuccession Planning 195\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter #13 Financial Planning for Physicians 197\u003c\/b\u003e\u003cbr\u003e\u003ci\u003eBhagwan Satiani\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eReasons for Bad Financial Decisions 198\u003c\/p\u003e \u003cp\u003eResults of Financial Mistakes 198\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter #14 Learning from Professional Athletes’ Mistakes 207\u003c\/b\u003e\u003cbr\u003e\u003ci\u003eLawrence Funderburke\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eHoles in Their Pockets 208\u003c\/p\u003e \u003cp\u003eInexperience Hurts 209\u003c\/p\u003e \u003cp\u003eLearn from Their Mistakes 209\u003c\/p\u003e \u003cp\u003eAbout the Contributors 215\u003c\/p\u003e \u003cp\u003eAbout the Author 217\u003c\/p\u003e \u003cp\u003eIndex 219\u003c\/p\u003e \u003cp\u003e\u003cb\u003eJOHN E. SESTINA\u003c\/b\u003e is president of John E. Sestina and Company, a private professional financial planning firm that counsels individual clients on an objective fee-only basis. The firm’s guidance to clients throughout North America includes cash flow management, investment management, tax planning, disability planning, education planning, retirement planning, and estate planning. \u003c\/p\u003e  \u003cp\u003eEarly in his career as a financial advisor, John Sestina recognized a conflict between charging his clients fees and accepting commissions from product sales. In whose interest was he advising? Five decades later, John is still considered the father of fee-only financial planning. Now, he continues to offer investors the best nonbiased guidance in \u003ci\u003ePlanning a Successful Future\u003c\/i\u003e, a proactive guide to taking care of yourself and your family without leaving it to chance. \u003c\/p\u003e \u003cp\u003eBefore you put money into the market or bonds, or with an advisor, you need to understand what you have, what you want, and your goals along the way. This is your opportunity to work with John and his talented team to develop your own sustainable financial plan based on your realistic goals. Interactive chapters direct you through every step of organizing and strategizing your future wealth, including the most convenient system to organize your data,defining future plans and goals, and insuring the long-term welfare of your family. Everything inside is immediately usable in the real world because it is fully up to date with the most recent changes in the financial planning industry, particularly related to risk management, allocation, tax reduction, and estate planning. It enables you to put your plan into practice with guidance on choosing and working with an advisor, as well as focused investing advice for women, business owners, and physicians. With this book and a calculator, you can determine:  \u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eWhat your current retirement savings will be worth when you retire and how much you still need to save each year to be financially independent\u003c\/li\u003e \u003cli\u003eHow much your child’s education could cost and how to coordinate income tax and gift tax considerations into a successful education plan\u003c\/li\u003e \u003cli\u003eWhich investments fit your level of risk, while at the same time reducing it, and still beating inflation every year—after taxes\u003c\/li\u003e\n\u003c\/ul\u003e \u003cp\u003eWith \u003ci\u003ePlanning a Successful Future\u003c\/i\u003e, you can have peace of mind that your goals are well funded.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989794930917,"sku":"NP9781119069126","price":34.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119069126.jpg?v=1761785495","url":"https:\/\/k12savings.com\/products\/planning-a-successful-future-isbn-9781119069126","provider":"K12savings","version":"1.0","type":"link"}