The initial emphasis and personal financial planning is, and should be on the first word, personal. Every client you deal with his a unique individual and needs and deserves to be treated that way. What makes each person unique and how does that impact rolls a financial planner, obviously, each provides distinctive financial circumstances make him unique, as do his personal goals and priorities. Thus, as an enrolled agent you want to discuss not only what your clients unique goals are, but also has debt, personal activity, property, and liabilities.It is also important to understand influential factors, the make up your clients personal choices. For example different clients are going have different religious views, country of origin, urban or rule home life. These unique differences, will impact how they save, how they invest, and how they plan for retirement.
Each of these influencers affects all of us to a varying degree and often in surprisingly different ways. For example two old friends and business partner Sam and Abe are children of the Depression. Both of them saw the parents dealt with similar hardships during the 1930s, and as a result, the two friends have very different perspectives on dealing with their own financial good fortune. As you will find out in the fast forward academy, when discussing how to save or plan for retirement, it is important to not only define your clients unique goals and perspectives, but also his influencers. For example, an individual who had lost a great deal of money in the stock market previously, maybe too scared to make a financial decision when it comes to investing a large sum of their retirement fortunes. Thus, it is necessary for you as their trusted adviser, to help them through personal issues that maybe clouding their judgement and together come to a reasonable judgement in how to structure their retirement income.