Now is a good time to perfect your financial game plan.
Just like any game plan, it's important to execute both offensive and defensive strategies.
In a personal financial plan, the term "defense" refers to vehicles that help manage risk and provide a back-up plan to protect against life events that can impact long-term security.
"Offense" refers to various strategies used to accumulate wealth over a lifetime to ultimately meet financial goals. Having both strategies in place not only helps move an individual forward on the path to financial security, it also helps instill the confidence needed to take advantage of opportunities that may arise along the way.
Defensive Strategies may include:
Offensive Strategies may include:
Ultimately, no two financial plans are the same, so it is important to work with a good "coach" to ensure you are on pace to meet your goals. To learn more about financial plans, click here.
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