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

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 () and Stephen R. Stelljes ()
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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

Chapter 2 in Personal Financial Planning for Executives and Entrepreneurs, 2021, pp 7-15 from Springer

Abstract: 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.

Date: 2021
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DOI: 10.1007/978-3-030-65400-9_2

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