Sentences with phrase «purpose of a financial plan»

«The purpose of financial planning, at its purest level, is to generate a plan that will grow a nest egg of money that you can use to pay off all of your debt obligations and support you indefinitely without you having to work,» says Grimes.

The purpose of a financial plan is to help you to better understand where you are now and help you to reach your goals in the future.

«The purpose of financial planning, at its purest level, is to generate a plan that will grow a nest egg of money that you can use to pay off all of your debt obligations and support you indefinitely without you having to work,» says Grimes.

Not exact matches

Consequently, management uses these non-GAAP financial measures as indicators of the company's business performance, as well as for operational planning and decision making purposes.

He argues that everyone uses money for different purposes — from facilitating adventure to serving their community to supporting their family — yet most financial planning assumes clients have one of two possible goals: preparing for retirement or accumulating more possessions.

However, given the uncertainties caused by the financial crisis, the Harper Government introduced the «risk adjustment factor» in its October 2010 Update of Economic and Fiscal Projections, whereby the average of the private sector economic forecasts for nominal GDP was adjusted downwards for fiscal planning purposes.

The purpose of this site is limited to the dissemination of information and is not intended to be a solicitation or offer to sell investment advisory or financial planning services in states where Wealth Logic, LLC is not currently authorized to do so.

Whilst we can't know the future of course, for financial planning purposes the probability is that life expectancy on average will increase in the future as medicine advances to cure or limit the big killers (cancer, cardiovascular disease etc).

Advisory: An Advisory Committee may be formed on an ad hoc basis when purposes arise and may consist of advisors including the Tompkins County Administrator, Tompkins County Chief Financial Officer, and the Tompkins County Commissioner of Planning.

The second loan agreement of 13 million euros (approximately 56 million Ghana cedis) will increase the performance of the Ghana Audit Service (GAS) to ensure that all financial resources are fully spent for the purpose of planned programs and development activities.

(e) The board shall establish the information needed in an application for the approval of a charter school; provided that the application shall include, but not be limited to, a description of: (i) the mission, purpose, innovation and specialized focus of the proposed charter school; (ii) the innovative methods to be used in the charter school and how they differ from the district or districts from which the charter school is expected to enroll students; (iii) the organization of the school by ages of students or grades to be taught, an estimate of the total enrollment of the school and the district or districts from which the school will enroll students; (iv) the method for admission to the charter school; (v) the educational program, instructional methodology and services to be offered to students, including research on how the proposed program may improve the academic performance of the subgroups listed in the recruitment and retention plan; (vi) the school's capacity to address the particular needs of limited English - proficient students, if applicable, to learn English and learn content matter, including the employment of staff that meets the criteria established by the department; (vii) how the school shall involve parents as partners in the education of their children; (viii) the school governance and bylaws; (ix) a proposed arrangement or contract with an organization that shall manage or operate the school, including any proposed or agreed upon payments to such organization; (x) the financial plan for the operation of the school; (xi) the provision of school facilities and pupil transportation; (xii) the number and qualifications of teachers and administrators to be employed; (xiii) procedures for evaluation and professional development for teachers and administrators; (xiv) a statement of equal educational opportunity which shall state that charter schools shall be open to all students, on a space available basis, and shall not discriminate on the basis of race, color, national origin, creed, sex, gender identity, ethnicity, sexual orientation, mental or physical disability, age, ancestry, athletic performance, special need, proficiency in the English language or academic achievement; (xv) a student recruitment and retention plan, including deliberate, specific strategies the school will use to ensure the provision of equal educational opportunity as stated in clause (xiv) and to attract, enroll and retain a student population that, when compared to students in similar grades in schools from which the charter school is expected to enroll students, contains a comparable academic and demographic profile; and (xvi) plans for disseminating successes and innovations of the charter school to other non-charter public schools.

The Letter of Interest must (i) describe the project and the location, purpose, and cost of the project, (ii) outline the proposed financial plan, including the requested credit assistance and the proposed obligor, (iii) provide a status of environmental review, and (iv) provide information regarding satisfaction of other eligibility requirements of the TIFIA credit program.

«I would not necessarily recommend increasing your coverage for the sole purpose of safeguarding against lightning strikes,» says Hank Wilson owner of Wilson Insurance & Financial Planning (www.wilsoninsurance.net).

Certainly, many baby boomers felt TFSAs were too little and too late for their purposes, although they would look with a certain amount of envy at millennials and young investors with a 40 - year investing time horizon ahead of them — indeed, many financial gurus have calculated that merely by maxing out TFSA contributions over such a time frame, that alone would be sufficient to ensure a comfortable retirement: no RRSP or employer pension plan contributions necessary!

A financial plan is simply anything that you do for the purpose of getting some kind of material gain.

Moreover, as I mentioned in my financial goals for 2017, my current plan is to save a minimum of 10 % of my salary strictly for investment purposes.

The main purpose of a financial advisor is to help clients in the planning and arranging of their financial affairs.

Repayment plans are chosen during your student loan exit counseling session and the purpose of this is to help you decide the best repayment option for you and your financial situation.

The financial vehicle to use for a deferred compensation plan is largely a matter of financial advice AND we aren't purposing to serve as a financial advisor in raising this question for this or any other article.

The content presented on our website is for informational purposes only, and is not, and must not be, considered investment, legal, accounting or financial planning advice, nor a recommendation as to a specific course of action.

Analyzing cardholders» spending habits and debt for purposes of assessing their present financial status Teaching debtors how to rebuild credit and establish a positive credit score Creating a debt - elimination plan to enable borrowers to attain their financial objectives Negotiating lower payments and interest rates on behalf of their clients Supplying a multitude of calculators as an aid for debt analysis Furnishing financial educational pamphlets

Creating your financial plan and writing it out — purpose, goals and strategy can hugely increase your odds of actually achieving what you set out to do.

Sophia Bera, a CFP and founder of financial advisory firm Gen Y Planning, had this to say about withdrawing money from a Roth IRA,» if an emergency comes up, you can actually take out the money from your Roth IRA and use it for any purpose.»

Because of that, permanent life insurance policies are often used as financial planning tools that can serve many more purposes than just simply paying out a death benefit.

We use your financial plan to illustrate the purpose of each account, and show you how certain investments will be best aligned to that purpose.

Some hedge funds and pension plans reportedly like the risk profile of life settlements, since they are largely uncorrelated with financial market risks (except for securities placed in special purpose vehicles).

We recommend that you consult your estate planning attorney for purposes of drafting your will and for advice on the type of bequest that best fits your financial and tax situation.

Working with a Practice Group Head and Group Management Team, the purpose of the role is assisting in the creation of challenging but achievable business plans and then giving financial support and guidance in achieving them.

But what that report said might be an important piece of financial news for your planning purposes.

(d) The provision of State law requires a health plan to report, or to provide access to, information for the purpose of management audits, financial audits, program monitoring and evaluation, or the licensure or certification of facilities or individuals.

In this capacity, he oversees the collection, extraction, and application of financial data and performance metrics for purposes of business analysis, practice development, creative pricing, and strategic planning.

The purpose of any insurance plan is to protect the insured from huge financial losses.

It is the flexibility of a VUL that makes it useful for a variety of different financial planning purposes, and for both personal and business applications.

While emotional loss can not be compensated, the financial loss suffered can be compensated considerably through insurance.Term Insurance, being the basic insurance plan, is the cheapest plan in the market where by paying a minimal amount of premium one can avail a high coverage for protection purposes.

If such a credit has been issued, then you would have not experienced financial loss, which is the purpose of the insurance plan you purchased.

The purpose of this plan is to pay for any outstanding loans and liabilities in case of premature death, and thereby reduce the financial burden on your loved ones.

The Freedom Of Choice Final Expense Plan is their core burial product, which aims to cover the financial gaps of a death benefit with the exclusive purpose of funeral cost planninOf Choice Final Expense Plan is their core burial product, which aims to cover the financial gaps of a death benefit with the exclusive purpose of funeral cost planninof a death benefit with the exclusive purpose of funeral cost planninof funeral cost planning.

If the purpose of life insurance is to leave behind a financial cushion, Single Premium Plans meet that goal with a guarantee.

Unless you ensure some of these very important checks, the very purpose of buying a term insurance plan itself, i.e. protecting your family against financial uncertainties in case of your death, may not be served.

And, over time, life insurance has come to be used as a primary component of overall financial, estate, and business planning purposes.

The Universal Life Insurance plans we offer have been designed to help meet the life insurance needs and financial goals of many clients - including individuals whose focus is on death benefit protection for estate planning, retirement, and asset preservation purposes.

The primary purpose of a term life plan is to provide financial protection for your surviving family if you die prematurely.

And the best part is the cash value of the policy is not considered an asset for student financial aid purposes, unlike a 529 Savings Plan.

Financial security This is the primary purpose of the plan.

As such, knowing the basic processes is important especially at the time of a claim because the whole purpose of a health plan would be futile if we are left dealing with the financial burden of our medical crisis.

Basically, last survivor life insurance is used by spouses for estate planning purposes and is a way to help ease the financial burden of estate taxes placed on your heirs.

LIC's Jeevan Lakshya policy is a combination of risk cover and saving plan which is most suitable for the purpose of providing financial security of children and family.

HDFC Life offers you a variety of ULIP products depending on your risk appetite and financial goals — be it for your retirement planning, child's education or marriage or for investment purposes.

The basic purpose of a Term plan is to provide financial security for the applicant and his / her family.

A Term Plan with Return of Premium is meant to fulfil the basic purpose of any Life Insurance policy by providing financial security for the applicant and his family.