A financial planner works with clients to help them manage their money and achieve their long-term financial goals. A financial planner needs a thorough understanding of personal finance, taxes, budgeting and investing. They may specialize in tax planning, asset allocation, risk management, retirement planning, or estate planning. Many draw their clients from a specific population, such as young professionals or retirees. Financial planners advise and assist clients on a variety of matters, from investing and saving for retirement to financing higher education or a new business while preserving wealth. Financial planners work with individuals, families and even corporations to help them effectively manage their current financial needs and long-term financial goals. Financial planning includes help with budgeting, investing, saving for retirement, tax planning, insurance coverage and more. This paper deals with selected literature related to financial planning.