Name: A Mathematical Model for Optimal & Balanced Financial Plans and Its Application in Life Insurance Planning (en Inglés)
Price: 561.84 MXN
Availability: InStock
Author: Hu, David D.
ISBN: 9781695433144

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portada A Mathematical Model for Optimal & Balanced Financial Plans and Its Application in Life Insurance Planning (en Inglés)

Formato

Libro Físico

Autor

David D. Hu

Editorial

Independently Published

Idioma

Inglés

N° páginas

192

Encuadernación

Tapa Blanda

Dimensiones

27.9 x 21.6 x 1.0 cm

Peso

0.46 kg.

ISBN13

9781695433144

Categorías

Finanzas

A Mathematical Model for Optimal & Balanced Financial Plans and Its Application in Life Insurance Planning (en Inglés)

David D. Hu (Autor) · Independently Published · Tapa Blanda

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Origen: Estados Unidos (Costos de importación incluídos en el precio)

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Reseña del libro "A Mathematical Model for Optimal & Balanced Financial Plans and Its Application in Life Insurance Planning (en Inglés)"

The mathematics behind developing financial plans is nothing more than simple linear algebra. With a properly structured linear algebra model, for each set of input, there is a unique corresponding financial plan. A Planner and the Client can only modify the input to change a plan with the same goals. Planners nor Clients can just "modify a plan" by changing resource allocation directly.Goal-based planning views financial plans as combination of goals. Goal-planning treats each goal as a single variable algebra problem. Financial planning including retirement planning is at least a 2-variable algebra problem. -A 2-variable algebra problem cannot be solved by combining 2 single variable solutions. -In addition, Goal-based planning does not lead to meaningful life insurance planning.-Current course of action concept is a life insurance sales concept. Current course of action does not lead to mathematically sound financial plans. -If a person is already behind in retirement savings, the situation for most people, continuing the same will not lead to retirement solutions. -If the person is not behind in retirement saving, continuing the same will not lead to Optimal plans, as explained in the book. The life insurance plan for income replacement for both situations are also likely to be mathematically incorrect.Together, the foundation for the CFP(R) Board Practice Standards for the Financial Planning Process is mathematically deficient, and thus, the Practice Standards is mathematically deficient.Immediate remedy is critical for the CFP(R) Board to "uphold" its high professional standards.