Financial Planning Glossary
What is Net Worth?
Net worth is the value the assets a person owns minus the liabilities they owe.
What is Cash Flow?
Cash flow is the movement of money in and out of an individual’s accounts.
What is an Insurance Analysis?
An insurance analysis is an assessment of an individual’s financial situation to determine the risk an individual is able to assume in order to buy the correct amount of insurance coverage.
What is Education Funding?
Education funding is the process of calculating the costs of education for an individual or multiple individuals and subsequently charting a plan of action to save funds.
What is Retirement Planning?
Retirement planning is the process of determining retirement income goals and creating a plan of action to achieve those goals over an extended period of time.
What is Estate Planning?
Estate planning is the process of making plans for the transfer of an individual’s estate—cash, property and possessions—after their death.