制定您的财务战略

Building Your Financial Strategy Planning for an entire lifetime of financial decisions can seem like an overwhelmingtask. Navigating this process, however, becomes much more manageable whenyou realize that one's financial life typically occurs over four phases. By identifyingyour priorities and the decisions to be made during each phase, you can create a Phase 1: Becoming EstablishedThis phase generally spans the first decade of your career Action Items •Identify fixed vs. discretionary expenses•Define short-term priorities vs. long-term goals•Identify retirement savings vehicles (IRA, 401(k),company matching programs, etc.) and post-college life. This is a great time to build a solid Planning Priorities•Budget development • Debt management• Education planning Building Your Financial Strategy Phase 2: Building WealthAfter you become more established in your family life and Phase 4: Wealth TransferUpon entering retirement, your focus shifts to enjoying professional life, you will gradually transition into a phasewhere your focus turns to building wealth. During this the wealth that you have worked so hard to grow and Planning Priorities•Minimizing income and estate tax •Balancing wealth-transfer and retirement needs Planning Priorities •Liquidity management•Systematic investing for retirement and education goals•Continued retirement and insurance planning•Income and capital gains tax minimization•Enhanced estate planning – establishing trusts Action Items •Quantify how much you need to maintain lifestyle,philanthropic, and wealth-transfer goals•Work with your trusted wealth advisor to determine“core assets” to fund retirement lifestyle and “surplusassets” for wealth transfer Action Items •Track fixed vs. discretionary expenses•Manage short-term priorities vs. long-term goals•Review target asset allocation and rebalance Phase 3: Preserving WealthAfter an extended period of building wealth, the next phase of your financial life focuses on preserving that wealth as Planning Priorities •Retirement income planning•Diversification outside of company stock concentration•Liquidity management•Credit management for leverage and tax benefits•Income and capital gains tax minimization•Advanced estate planning: intra-family wealth transfer Action Items •Review estimates of retirement needs•Adjust asset allocation to reflect capital preservation•Identify potential sources of liquidity to pay estate tax•Evaluate tax efficiency of income, investments, businessassets, and retirement accounts•Update estate plan to reflect evolving objectives and tax January 2026This information has been prepared solely for informational purposes and is not intended to provide or should not be relied upon for accounting, legal, tax, or investment advice. We recommend consulting your attorney, tax advisor, investment, or other professional advisor about your particular situation. Investment advice and recommendations can be provided onlyafter careful consideration of an investor’s objectives, guidelines, and restrictions. Any investment or strategy mentioned herein may not be suitable for every investor, including retirementstrategies. The factual statements herein have been taken from sources we believe to be reliable, but accuracy, completeness, or interpretation cannot be guaranteed. All views expressed are