Personal Financial Planning BACK Identification, implementation and monitoring of strategies designed to accomplish personal financial objectives.   Listed below are some of the personal financial planning areas that we typically assist clients with: Net Worth and Financial Independence Consulting    Building net worth throughout a lifetime to achieve financial independence (the ability to support lifestyle with investment assets vs. employment income).      Income and Expenditure Analysis    Simply stated, most individuals have achieved financial success by spending less than they earn and investing that excess prudently.      Investment Analysis    We can assist in identifying the components of your present investment assets and their relative performance (vs. benchmarks) over a selected time period.      Risk Management Consulting    Risk management is broader than buying insurance.      Children’s Education Funding    We can help clients identify an appropriate level of savings to fund their specific education goals for their children.      Special Goals Funding    Special goals funding might be appropriate for a retirement home, recreational property and care of parents/special needs children and others.      Closely Held Business Owners    The closely held business owner has special needs that permeate all personal financial planning focus areas.      Estate Planning    Estate Planning is a process of identifying and implementing strategies to pass wealth on to desired beneficiaries while minimizing dilution by taxes and other transfer costs.      Retirement Planning    Ideally, retirement planning will occur gradually throughout one's working years, but we like to see clients focus on it as a separate aspect of their financial plans at age 55.      Business Valuation    Business valuation is important to the financial planning of a closely held business owner and also to the owners of privately held company stock and other ownership interests.      Tax Planning    Many studies have shown taxes consume in excess of 50% of pretax gross income, so this area is vitally important to monitor and act upon as part of good financial planning.      Personal Financial Planning Worksheet    Obtain a summary worksheet that can help you focus your personal financial planning efforts.      Robert Batty, CPA, PFS