Seasons of Your Life
Written by Lina Bowman
In a recent TV commercial featuring Tom Watson, the legendary golfer discussed how the weather can be your biggest opponent. He stated, “The trick to dealing with the weather is knowing how to play for whatever comes your way.”
When it comes to your financial life, the same can be said. Being prepared and knowing how to play for whatever comes your way requires some serious planning. It requires not only having the tools, but the strategies and expertise to know how to best use and leverage those tools.
This kind of planning requires going beyond investment choices and simple asset allocation, such as how much to invest in stocks, bonds, cash or even alternatives. It requires a strategic view of your overall situation.
Comprehensive Wealth Management can help you be prepared and ready to play for whatever comes your way. Be it financial winds, rain or even sunshine. It includes four areas, something I call the “Seasons of Your Life”: creating and growing wealth; protecting and preserving; creating an income plan; and finally, creating a legacy plan. Implementation can and should be tax-efficient wherever possible, because what counts is not what you make, it’s what you keep!
Are you prepared for the financial weather in every season of your life? Talk to your financial advisor to discuss how you’re positioned and prepared. Ask yourself if you have a comprehensive plan. If not, perhaps it’s time for a second opinion.
You’ve worked hard, now it’s time to play hard!