With the recent turmoil in world financial markets, Financial Planning is becoming an increasingly important tool. A good financial plan can minimize your downside risk in bad markets and maximize your returns in good markets. All too frequently people invest in a hodge podge of investments without any clear plan for their portfolio. They invest in the hot idea of the day, or put all of their investments into a single class of investments. This approach may work well for a while, but it can lead to financial disaster when markets turn. For these reasons, everyone should have well concieved financial plan like those developed by McNulty’s CPA Service.