The One-Page Financial Plan

If you’re like most Americans, you may be confused, or even paralyzed, when it comes to developing a financial plan. In fact, most investors I’ve met—including many of those who have a relationship with a stockbroker—don’t have a written investment plan, let alone an overall financial plan designed to incorporate estate planning and risk management (insurance of all kinds) strategies.

Carl Richards, my colleague at The BAM Alliance and author of a new book, “The One-Page Financial Plan,” observed that, in his experience, even many people who have a shelf full of personal finance books haven’t created a financial plan—either because they don’t have the time to make sense of all the information in those books or because they feel overwhelmed by the challenge, and all the uncertainty, that can exist when it comes to contemplating the future.

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