Introducing the Carnival of Financial Planning
We spend an extraordinary amount of time earning money and a lot of personal time on backward looking tax and accounting matters. When these tasks are done, how much time and energy do you have left for forward-looking financial planning activities that could improve your future financial welfare? Most people would rather engage in leisure activities than do personal financial planning.
Given that personal financial planning requires personal time and clear thinking, it occurred to The Skilled Investor that a blog carnival dedicated to long-term personal financial planning would be welcomed by many. There already are numerous financially oriented blog carnivals and festivals, and many publish very useful articles about personal finance and investing. Therefore, the Carnival of Financial Planning will focus on long-term planning and hope to add value to the discourse in the blogosphere.
The Carnival of Financial Planning will take a long-term view of personal financial planning for individuals and families. This weekly blog carnival will focus on efficient and sustainable personal financial planning practices that can lead to lifetime financial security.
The Carnival of Financial Planning invites the submission of “long-view” articles that help readers to improve their lifetime financial planning decision-making. We plan to publish a weekly carnival every Thursday. Bloggers: Click here to submit your financial planning article to our next Carnival.
In the weeks and months ahead, we expect that the Carnival of Financial Planning will publish links to many thoughtful and well-written blog articles. We welcome blogger submissions on the following topics and on anything else that might be germane, as long as the articles take a long-term personal financial planning view and, of course, are not spam:
BUDGETING, INCOME, AND SAVINGS PLANNING – including:
- earned income
- self employment income
- household budgets
- budget worksheets and budgeting software
- personal savings projections
BUYING A HOME – including:
- preparing for a home purchase
- home value and appraisal
- home buying tips
- buying an older home
- buying a vacation home
- home mortgage loans
- home equity loans
DEBT MANAGEMENT – including:
- debt reduction
- accelerated loan and mortgage repayment
- payment and interest calculator software
- mortgage refinancing
EDUCATION AND COLLEGE PLANNING – including:
- college savings and 529 plans
- student financial aid
- education grants and scholarships
- educational loans
- private school financing
FINANCIAL PLANNING METHODS – including:
- return on investment
- net worth
- net present value and future value
- compound interest
- inflation
- financial planners and financial advisors
- financial calculators
- financial modeling and projection software
- financial management software
INVESTMENT MANAGEMENT AND PLANNING – including:
- investment growth
- risk management
- diversified investing
- expenses and fees
- no load funds
- mutual funds
- exchange-traded funds
- index funds
- stocks versus bonds
- money market funds
- savings bonds
- asset allocation
- investment portfolio rebalancing
- passive management
- active management
- investment calculators and investment software
- broker dealers and stockbrokers
- rating services
RETIREMENT PLANNING – including:
- retirement savings and investments
- Social Security payments and benefits
- tax-advantaged retirement plans
- traditional IRAs
- Roth IRAs
- traditional 401k
- Roth 401k
- pensions
- Medicare
- health care
- retirement calculators and planning software
RISK MANAGEMENT – including:
- annuities
- life insurance
- health insurance
- long term care insurance
TAX PLANNING – including:
- federal taxes,
- state taxes,
- Social Security taxes,
- tax rates,
- capital gains tax,
- self employment taxes
Tags:
personal financial planning
Personal Financial Planning
- Passive Index Investment Strategies are Superior (
Passive index investment strategies are superior, because they narrow the range of outcomes and lower your investment risk
A previous article, “The Solution - ONLY follow financial strategies that are scientific, passive, diversified, savings focused, risk controlled, low cost, and tax efficient,” suggested that individuals are much better off with a well-considered financial viewpoint. A stable [...])
- Personal Financial Advice from Blogs this Week – January 2 2009 (
Personal Finance Blog Articles of the Week
Carnival of Financial Planning - January 3 2009 Edition
Welcome to the January 3, 2009 edition of the Carnival of Financial Planning.
The Carnival of Financial Planning takes a long-term view of personal financial planning for individuals and families. We focus on efficient and sustainable personal financial planning practices that [...])
- Choose objective and competent financial advisers and investment counselors – Step 10 of 10 Financial Planning Steps in the Right Direction (CLICK HERE TO READ THE SKILLED INVESTOR's OTHER ARTICLES ABOUT THESE "10 FINANCIAL PLANNING STEPS IN THE RIGHT DIRECTION
Pick financial and investment advisers solely to obtain objective and high quality advice. Specific financial and investment advice is potentially of high quality, if it is carefully customized to your particular needs and is given by an [...])
- Set a Minimum Portfolio Size Threshold for Mutual Funds and ETFs (
Choose mutual funds and ETFs with a minimum economical portfolio size
If you are going to invest in actively managed funds, then you should want them to have a sufficiently large asset base to fund the necessary research.
If an active fund is too small, then fund management quality can suffer or fees could grow. Index funds [...])
- Planning and Personal Investment Articles this Week (
Best Personal Financial Planning and Personal Investment Articles this Week from Personal Finance Blogs
Carnival of Financial Planning - Edition #176 - March 18, 2011
Welcome to the March 18, 2011 Edition #176 of the Carnival of Financial Planning.
The Carnival of Financial Planning takes a long-term view of personal financial planning for individuals and families. We focus [...])
- Part 4 of the Biggest Personal Finance Story of the Past 30 Years ( < <-- Go to Part 3
The Biggest Personal Finance Story of the Past 30 Years - Part 4
What does it mean to individual investors that the financial services industry is now about 21% of S&P 500 market capitalization?
(For a graph of the relative percentage shares of various sectors within the S&P500 index over [...])
- The Heavy Burden of Recurring Investment Expenses and Fees (
The heavy burden of recurring investment fees (Part 1 of 2)
Recurring investment costs can significantly impact the long-term value of your retained investment portfolio assets.
Recurring fees, such as asset management fees, 12b-1 marketing fees, and advisory/asset custody fees are charged periodically, as a percent of your investment assets. The relative cost-efficiency of your investment portfolio [...])
- Carnival of Financial Planning – March 1 2008 Edition ( Welcome to the March 1, 2008 edition of the Carnival of Financial Planning.
The Carnival of Financial Planning takes a long-term view of personal financial planning for individuals and families. We focus on efficient and sustainable personal financial planning practices that can lead to lifetime financial security.
This edition is arranged by subject heading, so that [...])
- Retirement Savings Needs of Renters Without Financial Planning Improvements (
Retirement savings needs of renters prior to any financial planning improvements
Starting to plan with a non-optimal baseline projection
Fran and Fred Frugal, both age 30, are a married working couple with $100,000 in combined annual earned income. They want to understand how valuable different personal finance strategies could be to their lifetime finances and retirement security. [...])
- American Funds – Income Fund of America – Class A Shares (AMECX) rate a +2 Fund Authority Score (Fund Authority Scores rate mutual funds and exchange traded funds (ETFs) on the most important economic factors that influence individual investors' net long term diversified investment fund performance. The Skilled Investor developed the Fund Authority Score system to provide individual investors with concise and objective summaries of mutual funds and ETFs for comparisons within investment [...])
- Avoiding Financial Advisor Frauds and Scams – Part 1 (
Part 1 of the The Never-Do List - 22 Good Ways to Avoid Financial Advisor and Investment Counselor Frauds and Scams
This article discusses things that you should “never do” with a financial planner or investment advisor, and it covers adviser selection, contracts, signatures, and ownership title of your assets.
You should never do certain things with [...])
- No Financial Planning Software or Calculator Can Predict the Future – Part 2 (
No financial planning software and no investment growth calculator can predict the future - Part 2
The future in not predictable, even with automated financial planning software.
< < -- Go to Part 1
The future is fundamentally not predictable. The future of personal financial planning and investing is similarly unpredictable. The Skilled Investor's approach with VeriPlan is [...])
