DESIGNING A WELL-ROUNDED FINANCIAL PLANWhen it comes to investing for your future, the best place to start is by creating a plan. A well-rounded financial plan is so much more than just saving money for retirement. It allows you to identify and mitigate possible vulnerabilities to your overall success. Developing such a plan begins with examining your Total Financial Picture. These are the main areas that you and your advisor should be focusing on. The components of your Total Financial Picture include: CURRENT FINANCIAL POSITION: Current Income & Expenses Debt, Net Worth & Emergency Cash PROTECTION PLANNING: Protecting against life events such as: Job-loss, Divorce, Disability, Unexpected Medical Expenses and Death Protecting against market down-turns, inflation $ potential tax increases TAX STRATEGIES: Minimizing Federal, State & Municipal taxes Implementing tax-favored investments RETIREMENT PLANNING: Evaluating income and expenses in retirement Coordinating with Social Security and other pensions Growing and protecting retirement assets Planning for inflation, potential tax increases & medical expenses ESTATE PLANNING: Minimizing estate taxes Transferring assets efficiently to beneficiaries Avoiding Probate to minimize costs and headaches INVESTMENT PLANNING: Determine comfort levels with risk Designing a well-diversified portfolio with added layers of safety Monitoring investments daily to mitigate losses and maintain proper allocations “All you need is the plan, the road map, and the courage to press on to your destination.”-Earl NightingaleCreating a financial strategy is the map to your financial destination. Wealth Watch Advisors can help you design a well-rounded plan that will assist you in achieving your goals.