PERSONAL CASH MANAGEMENT FIRM
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Personal cash management, or “budgeting” as grandma would call it, is part art and part science. It is an often overlooked key component to a successful financial plan. An Ifrah Financial Certified Financial Planner® can help you not only design a budget you can live with, but help you instill the discipline to stick with it until it becomes successfully ingrained in how you handle your finances. Financial success is about paying yourself first.
Click here to contact one of our budgeting and personal cash management experts.
Our role is to sit down with our clients and go through these questions so that, together, we can understand where the client wants to go financially and how they can best get there.
Personal financial planning helps the client reach those goals through the development and proper management of their financial resources.
Financial planning is not a product... it is a process. With the assistance of a planner, clients may use specific financial products, such as insurance or equities, but only as ends to accomplish the goals they have established.
The financial planning process is a series of steps taken to help clients accomplish their goals. A qualified financial planner, such as a Certified Financial Planner professional, will first gather and analyze data about a client's income and expenses, taxes, insurance coverage, retirement plans, wills, trusts, investments and other information pertinent to the overall financial situation.
The planner will then help the client set realistic goals, identify key financial issues concerning these goals, and prepare a list of recommendations and alternative strategies for achieving these goals. Each strategy, from tax planning to investments, will be recommended in the context of other strategies to achieve the optimum overall results.
Once the client has decided which recommendations to follow, the planner will help them implement those decisions. The last step in the financial planning process is to periodically review and, if necessary, revise the plan.
Some of the questions that we use to understand our client's goals include:
First, what are the client's goals in areas like lifestyle, retirement, saving for college education and their health care?
Second, when do they want to reach their goals?
Third, what steps have they already taken toward achieving their goals?
Fourth, how do they feel about taking investment risks for a potentially higher rate of return?
And finally, how involved do they want to be in monitoring their progress toward their goals?
Ifrah Financial Services, Inc. – Your Personal Financial Planning Firm headquartered in Little Rock, Arkansas, USA, specializes in personalized, expert financial planning and investment management via both web-based and traditional servicing interfaces. Among the areas our Certified Financial Planners® specialize in are Personal Retirement Planning, Personal Investment Management, Personal Estate Planning, Personal Cash Management and Personal Financial Planning.
Looking for help with a tax deferred account, such as an IRA or a 401(k)? The CFPs® at Ifrah Financial can help you with 401(k) rollover account management and the design, implementation and investment management of a Lifetime 401(k). At Ifrah Financial, we offer Personal Financial Planning, Personal Retirement Planning and Personal Investment Management tailored to your specific situation.
If you are looking for an independent financial planning and investment management firm with a staff of highly experienced, dedicated Certified Financial Planners® then welcome to Ifrah Financial. Ifrah Financial, a Personal Financial Planning Firm, Personal Retirement Planning Firm and an effective Investment Management Firm with a recognized track record of success in helping clients navigate the complexities of retirement planning. Ifrah Financial Services - Your Personal Financial Planning Firm - Little Rock, Arkansas, USA.
