Master Your Financial Success

Master Your Financial Success ISBN: 9781628656800 Published and copyright by Authors Place Press written by 14 Authors Place Financial planners.

The book opens with a disclaimer and an introduction that explains that the authors of this book wanted “to give back by educating others how to address several meaningful areas that impact everyone’s financial planning lives. We are hopeful you will learn something new and be inspired to action at the same time, as even the best intentions that are never implemented can prove worthless, if not tragic.” Eleven chapters follow that cover different aspects of financial planning. One –“Retirement is a New Dawn” explains and offers suggestions for you to “Define your Future” and assess the many opportunities, both good and bad, awaiting you because of the many changes that have occurred. “It almost certainly will not be your parents’ retirement.” Two discusses Financial Stewardship and how important is “Proper financial stewardship (because it) exponentially increases value; conversely improper financial stewardship dramatically dilutes value.” Three discusses “Financial Planning for Today’s Unique Family” which may consist of a single parent, same sex parents and more. Four, is a somewhat more specialized chapter in that it deals with “Advanced Planning for Senior Executives” Five, discusses “Generation Wealth Planning and admonishes “You have prepared your wealth for your family .  .  .  but have you prepared your family for your wealth?” Six, “Creative Strategies to Preserve Family Wealth” and Seven, “Considerations for a Business Owner” like chapter Four, again are a little more specialized. Eight – “Investing Demystified” provides basics of the activity. Nine – “Corporate Retirement Plans” is heavy on 401(K) retirement plans, Ten– “Using Life Insurance in Financial Plans” provides interesting discussion on the subject. Eleven – discusses “Charitable Planning Strategies.

Discussion: The authors collectively have presented interesting and most credible suggestions in each area of their expertise. Readers no doubt will discover many useful, and quite possibly unthought-of points to consider in any of the areas defined. From this reader’s perspective, this is a quite valuable contribution to individuals who have managed to attain a somewhat greater position and/or collection of wealth but unfortunately it is not exactly geared to those lower on the ladder of business or monetary attainment.

3* 5* for those at higher levels of accomplishment; limited otherwise.

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