Objectives of Financial Planning....

[jiten702]

The objective of financial planning is to ensure that the right amount of money is available to the investor at the right time to enable him to meet the different goals in his life like:-

• Saving to buy a car
• Purchasing a flat
• Investing for higher education of children
• Protecting the family through insurance
• Planning for retirement and to meet expenses after retirement
• Managing debt
• Investing to save taxes in an efficient manner
• Passing on wealth to the next generation (estate planning)