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What is Financial Planning?

Financial planning is the process of mapping a client’s entire financial life — current income, expenses, assets, liabilities, goals, and risks — into a cohesive, forward-looking strategy. A comprehensive financial plan answers the questions that keep people up at night: “Can I retire at 60?”, “Can I afford to send my kids to private school?”, “What happens to my family if something happens to me?”, “Am I paying too much in taxes?” Good financial planning is scenario-driven. It does not produce a single forecast; it models multiple scenarios (retire early, market downturn, higher spending, longer life) and ensures the plan holds up under stress. The gold standard is a Monte Carlo simulation that runs thousands of possible market scenarios and reports the probability of success (typically targeting >85%).

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Command

/financial-plan [client name]
Loads the financial-plan skill to create or update a comprehensive financial plan.

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What It Produces

  • Annual cash flow projections through retirement
  • Retirement accumulation and distribution projections with Monte Carlo probability of success
  • Education funding analysis (529 balances, required savings, financial aid)
  • Estate planning summary (tax exposure, trust structures, gifting strategy)
  • Risk management review (life, disability, LTC, umbrella)
  • Scenario analysis (retire early, market downturn, higher spending, longevity)
  • Prioritized action item checklist
Target probability of success is >85%. Always stress-test the plan — a plan that only works in the base case is not a good plan.

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How to Customize

Edit the financial-plan skill to adjust default assumptions (inflation, return expectations), add your firm’s planning methodology, or include firm-specific recommendation frameworks. See the Financial Plan skill for the complete planning framework, scenario modeling, and output format.