Financial Planning Basics – Part 2
Taking care of your financial affairs is important.
- Save for retirement by taking full advantage of your employer’s retirement plan and consider an IRA.
- Be informed about and sensitive to taxes, but not tax foolish.
- Have a sensitive investment strategy that reflects your time horizon and risk tolerance.
- A well constructed estate plan distributes your assets and can reduce taxes. Be sure to cover guardianship issues and have powers of attorney for finances and medical issues.