1 Page Financial Plan
A One Page Financial Plan? Gerald House MSM “The Contrarian Investor” Is a full-blown financial plan necessary? What are you getting for the money invested in a comprehensive financial plan costing $2500-$5000? Comprehensive financial planning begins by organizing your financial data and inputting that data into an expensive financial planning software tool. Once the software has worked its magic, the financial planner reviews the analysis. Finally, the financial planner interprets and explains the results to the client. This method, at first blush, sounds like a very professional process. However, the devil is i n the details . The 5 False Assumptions Have you ever heard the saying “garbage in garbage out”? Computer software can only analyze the data inputted. In a typical financial plan, much of the data is erroneous because it is analogous to guessing. Financial planners use proposals to construct an investment portfolio for your retiremen