January 13, 2023
‘Tis the time of year when many people make lists – gift lists, guest lists, New Year’s resolution lists. I’m always encouraging my kids to make lists. I love lists! To-do lists. Task lists. Grocery lists. They help me to stay on track and not to forget important things. So it’s no surprise that one of the core elements of our Wealth Management practice is a Financial Planning checklist!
If you’ve ever purchased a home, you’ve probably done a home inspection. The goal of the home inspection is to uncover problems with the house before you buy it. Some may be minor issues that don’t even bother you. Yet others may have you reconsider the entire purchase. Ultimately, if you decide to go ahead with the purchase, you want to go in with all the information and issues identified.
Wealth planning can be looked at the same way as a house. You want to make sure you have a solid foundation, you’re taking advantage of all the right strategies, and that your long-term plan has a high probability of success.