The whole idea of making a personal financial plan may seem a bit daunting. Well it doesn't have to be. It's like...
Handling of taxes in personal financial planning is often ignored or simplified because the topic seems too complex. Yet without considering the true impact of taxes on your financial plans your plans may not be realistic. It is important to have a clear understanding of how your financial plan handles taxes, whether it be estimating, averaging, or calculating actual amounts based on known formulas and rates.