Financial Needs Pyramid Final 11-10
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This document discusses financial planning strategies to help achieve financial goals such as charitable giving, estate conservation, business continuation, tax efficiency, reducing risk through diversification, maximizing qualified plan contributions, overpowering inflation, planning for major purchases, emergencies, college education, retirement, and protecting what you earn, own, owe, and your loved ones. It encourages developing a progressive financial plan using both defensive and offensive planning to prioritize goals and achieve potential financial success and security.
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2. Risk can be stratified into known probabilities, known parameters but uncertain quantification, unknown causation/interactions, and undiscovered or unmanifested risks.
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- The global economy and how international factors can impact firms' export prospects, competition, and profits.
- Analyzing the domestic macroeconomy, including key indicators like GDP, unemployment, inflation, and interest rates.
- Understanding business cycles, including cyclical and defensive industries.
- Using economic indicators to help predict the business cycle.
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A simple and revolutionary financial plan report that does something simple.
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Financial Needs Pyramid Final 11-10
- 1. About Your Financial Needs For educational purposes only. Needs Pyramid Pass Along Assets Progressive Planning Aggressive Planning Potential Financial Success Potential Financial Security Defensive Planning Offensive Planning Prioritize Goals • Charitable Giving • Estate Conservation • Business Continuation Planning • Consider Tax Efficiency • Diversify to Reduce Risk • Maximize Qualified Plan Contributions • Overpower Inflation Plan For • Major Purchases • Emergencies • College Education • Retirement Protect • What You Earn • What You Own • What You Owe • Those You Love New York Life Insurance Company New York Life Insurance and Annuity Corporation (A Delaware Corporation) 51 Madison Avenue, New York, NY 10010 www.newyorklife.com V5_AR05727.RB.112014 SMRU1627423(Exp.10.22.2016)