When you’re going on a journey, there are three essential questions to ensure you have a great trip. How will I get there? How much will it cost? How will I deal with the unexpected? Answering these questions thoughtfully will allow for a more pleasant trip.
A written financial strategy serves the same purpose in the bigger picture of life. When you have a plan for your financial journey, it’s easier to decide how you spend money, stay on track, manage unexpected expenses, and achieve your long term goals. It may also help to safeguard your assets when major life changes like retirement, marriage, children, divorce or job loss come along. So what makes a good financial strategy? Here are some critical components it should include1.
These key components are the essential building blocks of a solid financial strategy. However, there are legal, tax, investment and emotional nuances that can be challenging to identify and navigate on your own. Contact our office today to learn how we can help you build a roadmap to financial well-being that will serve you today and well into the future.
If you have any questions about the components of a complete financial strategy contact our office.
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