What Is A Financial Plan? [A Real World Example With Reports]

Have you ever wondered what a financial plan looks like? In this video, a CFP® professional explores the different reports you can expect to receive, and includes examples of recommendations a financial planner might provide. The sample plan is prepared for a fictional client, but includes real world data to show you the capabilities and value a financial plan offers.
0:00 - Intro
1:08 - Net Worth Statement/Balance Sheet
2:38 - Savings
4:41 - Income
6:15 - Stock Options
7:17 - Expenses
13:59 - Buy/Sell Transactions
16:03 - Income Tax
19:03 - Withdrawal Strategy
22:19 - Monte Carlo Analysis
DISCLAIMER: While the information expressed in this video is believed to be accurate, this video is not specific tax, legal or investment advice. Before considering acting on anything you see in this video, first consult with your tax, legal or investment advisor.
#retirement #investing #401k #financial planning