According to the Advising & Learning Assistance Center, a good planner is reasonable, sets a workable schedule and anticipates possible setbacks ahead of time by being prepared. It takes practice and commitment to become a good planner, but planning skills can improve with time and experience.Continue Reading
According to the Research Polytechnic Institute, effective planners delegate tasks when they can, aim to stay flexible and realistic with the scheduling process, plan tasks ahead of time and ask for advice from people who can help to fine-tune a schedule. Analyzing the amount of resources available and effort required to complete a task at any time makes it easier to set plans that go through without a hitch. A good planner avoids cramming his daily schedule with tasks to prevent stress overload. It is wise to begin projects far ahead of a deadline to be a more effective planner, and it also leaves time to alter a schedule if obstacles emerge.
Anyone can write down multiple tasks to complete, but a successful planner is able to set a solid schedule and complete it. Taking the time to prioritize helps to make better plans that ensure that crucial tasks are taken care of first. Using a paper scheduler, a smartphone app or an online scheduler are just a few ways to make plans and monitor them regularly. The ability to say no to a project or request that conflicts with an established schedule and knowing one's own physical, mental and emotional limits are key to effective planning.Learn more about Financial Planning
The main benefit of retiring at 62 is the ability to receive Social Security retirement income for a longer period of time. This is advantageous if the retired individual has a short life expectancy, cannot find work, is working only part time or needs the funds to invest elsewhere.Full Answer >
Businesses or individuals who are setting up a 401(k) for the first time must write down the details of the 401(k) plan's operation, set up a trust fund for assets, keep accurate records of activity with the plan and provide plan participants with accurate and detailed information both at its inception and throughout their participation in the plan, according to the IRS. It is possible to hire a financial advisor or other financial professional to help set up the 401(k); this person is likely to be able to help with the satisfaction of these four rules, including describing the plan in writing.Full Answer >
Some of the advantages of a living trust are being able to avoid probate and being able to name alternate beneficiaries to inherit property, says Nolo. Disadvantages of living trusts include the time they take to draw up and the amount of extra maintenance required when compared to a will.Full Answer >
The future value of a deferred annuity can be calculated using a standard table that produces a factor based on time and the percentage of interest assigned. Choose the row that correlates with the number of years the annuity is to be invested, and follow it to the column that indicates its interest rate. Take the number listed where the two meet, and multiply it by the amount of money to be saved each year to yield the future value.Full Answer >