You Need a Plan
In just the last decade, we’ve witnessed rampant market swings from bull markets to bear markets and back again.If there’s one lesson that’s been reinforced, it’s that you need a plan designed to weather any type of market or economic environment.
These days, thanks to new prescription drugs and medical technology, people are living longer than ever before. However, one drawback to a longer life is the greater possibility of outliving your savings - all the more reason to develop a strategic plan that continues to work for you no matter what the market environment.
Consider these four components of a comprehensive financial plan:
1. Wealth Accumulation
2. Risk Management
3. Spend/Enjoy
4. Exit