A Discussion of Financial Planning and the Challenges of Modern Retirement Planning
By Cora Pettipas, Vice President and a Board of Director of the National Exempt Market Association (NEMA) in Canada
We have all dreamt of it, usually after a particularly demanding period of work. Cleaning off our desk, and departing indefinitely from the office, idealizing a permanent beach vacation (or functional equivalent). Retirement is defined as when a person ceases working voluntarily, as they have built up enough resources and income entitlements to do so. However, the new retirement will likely mean something else, whether it be partial retirement, career change, or retiring later.
Continue reading Did Debt Kill the Retirement Dream?
By Dr. (Col) KK Goel, CFP
Financial planning is the process of developing strategies to assist clients in managing their financial affairs to meet life goals. It was first conceptualized in the early 1970s in a Chicago, USA airport by a group of insurance industry professionals. In India, this concept came into being in 2002-03. FPSB India has done a great job in spreading the financial planning profession, and acting as a professional standards setting body.
Continue reading India’s Financial Planning Needs Regulation Changes
By Taylor Liao, CFP
2011, for financial planners, was just like riding a roller coaster. Through the long-lasting 2008 collapse of the Lehman Brothers financial crisis, it seemed as though the economy would get better towards the second half of 2011. Unfortunately, then came the euro-zone debt crisis and all things were back to square one. Most of the clients were worried about the revenue of their investments.
Continue reading 2012 Predictions: An Opportunity for the Financial Planning Profession?
By Noel Maye, CEO, Financial Planning Standards Board
At the global meeting of Financial Planning Standards Board in Washington, D.C. last month, we released “The Global Practice of Financial Planning,” an international research report that highlights the results of a ground-breaking study on the global practice of financial planning. The research, based on a survey of 11,147 CFP professionals in 11 countries and territories, told us what tasks, knowledge and skills CFP professionals considered the most important and applicable in their everyday practices.
Continue reading How Important are Ethics and Standards? Just Ask a CFP Professional