Successful Financial Planning is More than a Document

A successful financial plan or a plan to address accumulated wealth requires much more than an assembled report or analysis with recommendations. Many times a person that is nearing retirement or has accumulated wealth has a written plan created and then shortly thereafter, finds it to be stored on a shelf or in a drawer and is never really looked at again. As a great contributor to the financial profession, Dave Ramsey, once stated, that financial planning is 20% planning and 80% behavior. There is a lot of truth in this statement as planning not only involves the behavior of…