Personal Financial Strategy

. Financial Goals Setting Short-term goals (e.g., paying off debt, saving for a vacation) Mid-term goals (e.g., buying a home, funding education) Long-term goals (e.g., retirement, legacy planning) 2. Cash Flow & Budget Management Analyzing income and expenses Identifying “leaks” or inefficiencies Creating a budget that aligns with your lifestyle and goals 3. Debt Reduction & Credit Management Prioritizing high-interest debt Improving credit score Structuring a debt payoff plan 4. Emergency Fund Planning Establishing a safety net (usually 3–6 months of expenses) Choosing where to keep it for easy access and security 5. Insurance & Risk Protection Life insurance (term or permanent) Health and disability coverage Income protection and critical illness planning Ensures that life’s unexpected events don’t derail your financial plan. 6. Investment Strategy Based on time horizon, risk tolerance, and goals Could include 401(k)s, IRAs, annuities, mutual funds, etc. Diversification and regular reviews 7. Tax Planning Structuring income and investments to minimize tax liability Understanding the tax benefits of certain products like annuities or Roth IRAs 8. Retirement Planning Determining how much you'll need and when Choosing the right tools (401(k), IRA, annuities, etc.) Creating income streams for your retirement years 9. Estate & Legacy Planning Will or trust setup Life insurance for wealth transfer Planning for beneficiaries and generational wealth 10. Review & Adjust Life changes (job, marriage, kids, etc.) = strategy updates Annual or quarterly check-ins to stay aligned with goals