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The Goals of Executive Financial Planning: Peace of Mind and the Five Pillars

In: Personal Financial Planning for Executives and Entrepreneurs

Author

Listed:
  • Michael J. Nathanson

    (The Colony Group)

  • Jeffrey T. Craig

    (The Colony Group)

  • Jennifer A. Geoghegan

    (The Colony Group)

  • Nadine Gordon Lee

    (The Colony Group)

  • Michael A. Haber

    (The Colony Group)

  • Max B. Haspel

    (The Colony Group)

  • Seth P. Hieken

    (The Colony Group)

  • Matthew C. Ilteris

    (The Colony Group)

  • D. Scott McDonald

    (The Colony Group)

  • Joseph A. Salvati

    (The Colony Group)

  • Stephen R. Stelljes

    (The Colony Group)

Abstract

The principal goal of executive financial planning is to provide financial peace of mind to the executive as well as their family and other dependents. Effective financial planning must address the core needs and fundamental objectives of any corporate executive, including maximizing the rewards of working as an executive, achieving financial independence, planning for and minimizing taxes, planning for others, and managing risk. These five interrelated goals can be called the “Five Pillars of Peace of Mind.” By achieving balance among the Five Pillars, a corporate executive can support a state of financial peace of mind. Conversely, a failure to address any of the Five Pillars can cause a great collapse.

Suggested Citation

  • Michael J. Nathanson & Jeffrey T. Craig & Jennifer A. Geoghegan & Nadine Gordon Lee & Michael A. Haber & Max B. Haspel & Seth P. Hieken & Matthew C. Ilteris & D. Scott McDonald & Joseph A. Salvati & S, 2021. "The Goals of Executive Financial Planning: Peace of Mind and the Five Pillars," Springer Books, in: Personal Financial Planning for Executives and Entrepreneurs, edition 2, chapter 2, pages 7-15, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-65400-9_2
    DOI: 10.1007/978-3-030-65400-9_2
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