Ernst & Young's Personal Financial Planning Guide (Ernst and Young's Personal Financial Planning Guide) (Paperback)

by Ernst & Young (Author), Martin Nissenbaum (Author), Barbara J. Raasch (Author), Charles L. Ratner (Author) "If you're concerned about harnessing and maximizing your financial and investment universe, you're not alone..." (more)
Key Phrases: health care and insurance needs, necessary emergency care, daily coinsurance amount, Big Mistakes, Young Tax Guide, United States (more...)

Editorial Reviews

From Library Journal
As is common with financial planners, this one, written by staff at one of the Big Six accounting firms, covers such things as determining net worth, setting up and following a budget, accumulating assets (most importantly by developing the savings habit), and stocks, bonds, mutual funds, and cash equivalents. It explains investment risk and return; home buying and selling; the various types of insurance (life, home, health, car, and disability); the financial consequences of marriage, prenuptial agreements, and divorce; paying for college; and estate planning. The work is unique in a couple of areas: it covers starting a business especially thoroughly and bases planning on a "life event" perspective?gearing the planning to the goal. Unfortunately, in common with other financial planners, it virtually ignores singles. Up to date, comprehensive, easy to use, and reasonably priced, this merits purchase for general collections.?Alex Wenner, Indiana Univ. Libs., Bloomington
Copyright 1995 Reed Business Information, Inc. --This text refers to an out of print or unavailable edition of this title.

From Booklist
Given that the information contained therein is authoritative and thorough, financial planning guides are one category of book where the newest is often the best. This most recent arrival comes from the respected accounting giant Ernst & Young, already well regarded for its personal tax planning guides, and its new manual is also comprehensively encyclopedic in scope. Divided into two major sections, the book first covers the fundamentals of financial planning (the actual planning process, investing, insurance, estate planning, etc.) and then focuses on major life events (marriage, home buying, starting a business, raising a family, retirement, etc.), showing how each event or stage in life affects one's current financial picture and future outlook. Included are 70 charts, tables, and work sheets. With the added feature of being issued in an inexpensive paperback edition, this is one book that all public libraries should consider. David Rouse --This text refers to an out of print or unavailable edition of this title.

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Product Details

• Paperback: 552 pages
• Publisher: Wiley; 5 edition (October 1, 2004)
• Language: English
• ISBN-10: 0471687243
• ISBN-13: 978-0471687245
• Product Dimensions: 9.2 x 7.5 x 1.3 inches
• Shipping Weight: 2 pounds (View shipping rates and policies)
• Average Customer Review: 4.8 out of 5 stars See all reviews (17 customer reviews)
• Amazon.com Sales Rank: #19,917 in Books (See Bestsellers in Books)

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Customer Reviews

Most Helpful Customer Reviews

39 of 42 people found the following review helpful:

5.0 out of 5 stars E&Y Personal Financial Planning Guide(3rd ed.)- a good tool, April 17, 2000

By A Customer

This review is from: Ernst and Young's Personal Financial Planning Guide (Paperback)

This 3rd edition is a useful tool for people who are either starting to understand personal financial planning or those who have years of practical experience but want the latest information available. Complex concepts are explained clearly and concisely. There are no major gaps in the information provided. The book is well organized. Part II which uses a life-event approach to financial planning will be most helpful for people beginning to understand personal financial planning or facing a major life-event.

I enjoyed reading the book and found it filled with exactly the information I was seeking to improve my own personal financial planning. The format was very understandable and will allow me to continue using the book as a reference.

27 of 29 people found the following review helpful:

5.0 out of 5 stars Ernst & Young's Personal Financial Planning Guide - 3rd Edit, December 10, 2000

By	"fayeluise" (Indiana PA) - See all my reviews

This review is from: Ernst and Young's Personal Financial Planning Guide (Paperback)

As a tax professional and tax educator, I recognized many years ago that tax & financial illiteracy is a major problem amongst taxpayers. For example, consider: 1. how many wage-earners do not even understand all the deductions posted on their pay statements -- or that net pay is not the same as taxable income; or 2. how many people do not understand that the basic tax equation is "tax liability = tax base x tax rate" -- and that tax rate alone is not enough information to calculate one's tax liability; or 3. how many people think capital gains taxes paid are a "bad thing" -- when in fact, they are frequently a "subsidy" provided to wealthier taxpayers at the expense of wage-earners; or 4. how many people are eligible for some form of deferred compensation [401(k)plan, 403(b) plan etc] but they either do not participate or do not participate fully; etc, etc, etc.

In an effort to promote "Basic Tax Literacy," I highly recommend the EY-PFP Guide as a highly accessible & understandable guide for teens and above. This book makes a wonderful gift for all life events -- coming of age ceremonies, graduations, marriage, birth of child, divorce, mid-life crisis, pre-retirement, retirement. It could even serve as a textbook for certain courses and seminars.

21 of 22 people found the following review helpful:

5.0 out of 5 stars Comprehensive and insightful advice, June 12, 2005

By	Kevin Lo (Hong Kong, China) - See all my reviews (REAL NAME)

I use this book basically because I am a financial planner. Some of the advice I gave out are similar to those in this book. My clients appreciate the advice, ideas and insight a lot.

This book gives you impartial, insightful and authoritative advice on almost all major topics in financial planning. It gives you not only the ideas and solutions but also the reasoning and analysis behind them. Not many authors can do that.

I recommend this book to all financial planners and lay people who really care about their finances, future and well-being.