Comprehensive Financial Plan

A Comprehensive Financial Plan is a consolidation of the many modules of a plan.

The benefit of a Comprehensive Plan is that all the modules are connected. For example, a Retirement plan will identify Estate planning issues, which can result in more effective tax planning. Lower current taxes will enhance Asset Accumulation.
The Comprehensive Financial Plan lays out the best vision of your path. It is also very helpful for your other advisors - as the better they understand your future, the better their advice will be.

The Comprehensive Financial Plan is well thought out and can be very helpful in improving your outcome. Sometimes planning today can help you accumulate more through greater tax efficiencies. This may improve your outcome by empowering you to justify doing something you've always wanted to do. Or maybe, help you become financially independent at an earlier age.

But your Comprehensive Financial Plan is not a document. It is a working copy which needs to have the flexibility to deal with the unplanned events as well as the planned. This is why it needs to done properly and needs to be updated as your life changes.