Feb 03, 2012 03:31 PM IST | Source:

Financial plans not implemented could be a futile exercise

We many at times end up getting good advice from our financial planners but a plan which is not implemented falls flat.

Mukund Seshadri

Mr. Kartik Mahadevan is a salaried individual holding a senior position in a telecom company. He is always hard pressed for time and has been postponing his own financial planning to a future date. On and off he has been investing for getting some tax benefits and to honor certain relationship commitments of buying certain products from friends and relatives. He then one day decided to take services of a financial planner and got his complete plan done. However after the plan presentation his planner gave him a list of things which has to be implemented to achieve hi set goals. However as soon as the plan was completed there was no implementation on his part.  It

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