Financial planning is a math equation. This equation has multiple variables ranging from intrinsic metrics like your goals, financial resources, personal preferences, and so on, to external factors like inflation, tax rates, expected rates of return, and so on. For this equation though, the conclusion is less like a math solution and more like a report card: "A" is passing with flying colors, "C" is barely passing, and "F" is failing.

Do you know where you stand as an investor? Have you done sufficient planning with your advisor and are ready for a test of your financial plan? It would be best if you had clarity on what "grade" your current plan would receive and what steps you need to take to improve on that grade.

Today on Thoughts On Money looks at three financial planning grades and discuss what considerations each "student" (and "teacher/advisor") should focus on.

Links mentioned in this episode:

• http://thoughtsonmoney.com