Creating Your Financial Future

Creating Your Financial Future

Creating Your Financial Future the new year and you are ready to focus on your personal finance goals. Whether you are trying to make better decisions, build savings and credit or put together a plan for retirement, there are steps that can help.

Get a sense of your overall financial picture by creating and managing a budget that can reveal ways to reduce spending or save more. A budget is a powerful tool and should include short-term, medium-term and long-term goals that are specific, measurable, achievable, relevant and time-bound (SMART).

Reevaluate your asset allocation strategy as you approach retirement. An advisor can help you balance growth with risk and create an investment plan that is appropriate for your time horizon and current situation.

Helping You Grow Your Wealth: Personalized Support for Long-Term Success

Make sure you have adequate protection with life, disability and property insurance. Also consider setting up an emergency fund of three to six months living expenses in an account you can’t access (e.g., an IRA or a separate savings account).

Learn more about money and investing by reading books, attending seminars or taking online classes. Financial literacy is an ongoing journey that requires consistent application of principles.