It is that time of year again—time to look ahead to a new year while fondly remembering the good moments and putting old tribulations behind us.
With 2012 rapidly approaching, people are learning from their mistakes, growing as individuals, and making resolutions to change for the better. According to Time Magazine, here were the top ten New Year’s resolutions of 2011:
While we cannot help with diet or travel plans, we can help you tackle your financial resolutions in the coming year.
Whether you are a financial novice or a seasoned professional, looking to retire early or put your kids through college, you are going to need a plan. The Financial Advisors at Wayne Hummer Investments can help by guiding you through our proprietary Comprehensive Financial Review™ (CFR) process. While you may be familiar with narrowly-focused planning around retirement, college education, insurance, or estates, our CFR is a holistic approach. It touches on every aspect of your financial life in an effort to create a strategy that will determine the steps you can take to reach both your basic goals as well as your most lofty ambitions.
The CFR also incorporates powerful analytical tools such as EnvisionSM, Portfolio Insights, and Morningstar. These tools help you define and quantify your short- and long-term goals, create a well-diversified portfolio, and understand the expected financial projections of your plan. More importantly, they help you and your Financial Advisor create a sound plan tailored just for you.
To put it simply—planning for your future helps create peace of mind. A plan gives you a sense of direction and your Financial Advisor will help guide you to the destination. Working with a trusted Advisor who sees your situation through an objective lens can help create reasonable goals and tangible milestones that will help motivate you along the way.
So, as you look to 2012, realize that while 92% of New Year’s resolutions are not kept1, your financial resolutions do not need to be among them.
Call your Wayne Hummer Financial Advisor today to get a head start on tackling your 2012 financial goals and ambitions or to simply dust off your old plan to ensure you start 2012 on the right foot.
1. Time Magazine, January 2011
This article originally appeared in the Winter 2011 edition of Market Letter, a Wintrust Wealth Management publication.
The Financial Advisors at Wayne Hummer Investments are experienced and credentialed experts in defining and achieving financial goals. Search our directory to find someone you can trust for the guidance you need.
