12 Financial Strategies:
- Spend less. Save More
- Take advantage of market declines
- Contribute to your company retirement plans
- Update your contingency plan
- Review and update beneficiaries
- Seek assistance with managed money
- Utilize investment products with specific strategies
- Replicate institutional strategies for the individual investor
- Income for life methodology
- Risk based management approach
Implementing the Financial Strategy:
Creating and implementing a comprehensive financial strategy generally involves working with financial professionals to:
- Develop a clear picture of your current financial situation by reviewing your income, assets, and liabilities, and evaluating your insurance coverage, your investment portfolio, your tax exposure, and your estate plan
- Establish and prioritize financial goals and time frames for working towards these goals
- Implement strategies that address your current financial weaknesses and build on your financial strengths
- Choose specific products and services that are tailored to address your financial objectives
- Monitor your plan, making adjustments as your goals, time frames, or circumstances change.
