With the holidays fast approaching, many people are busy trying to find meaningful gifts for their friends, colleagues, clients, and loved ones. Don’t leave yourself off the list!
Give yourself the gift of a wealth plan that makes your financial resolutions a priority. Here are three tips for wealth planning that can set you up for success in the new year and beyond:
1. Think about the reasons “why” you are saving and investing. The first step is to prioritize your financial goals. Have you thought about when you’d like to retire and what you would like to do when you get there? Do you want to give your grandchildren a head start by paying their college tuition or support charitable causes important to you? Your wealth plan is guided by your financial objectives and timing.
2. Create a strategy to achieve your financial goals, tax efficiently, and stick with your plan. A diversified investment portfolio, tailored to your financial situation, time horizon, feelings about risk, and goals, can put you on a path toward success. When financial markets become volatile, which happens periodically, avoid reacting emotionally or trying to time the market. Your portfolio should be monitored regularly and rebalanced when necessary to keep your allocation in line with your goals and updated when your situation changes.
3. Work with a financial planner who puts your interests first. Wealth planning is complicated. Mason is dedicated to helping you simplify the complex by providing objective advice, client-centric service, and an investment portfolio designed to help you achieve your financial goals.
Give yourself a gift for the holidays — a relationship with a wealth planner who simplifies the complex and makes your financial goals and well-being a priority.
