A comprehensive financial plan serves as that framework—a roadmap that bridges the gap between where you are today and where you want to be tomorrow. By outlining clear objectives and strategies, a financial plan becomes a declaration of faith in your ability to shape your destiny.
Remember, there are numerous ways to finance a college education, including scholarships, grants and student loans. However, there are no loans available for retirement. Striking a balance between saving for college and saving for retirement is essential. Consider working with a financial advisor to create a comprehensive plan that addresses both goals.
Direct indexing enables investors to directly acquire and hold the underlying securities themselves as opposed to purchasing a fund that owns a selection of stocks. The benefits of this strategy include more control over investment choices and the opportunity to modify the portfolio to satisfy individual preferences.
