What are the elements of a healthy financial plan?

One of the most important things you can do for yourself and your family is to develop and stick to a financial plan. In doing so, it is strongly recommended that you consult an experienced financial planner who can help you understand your current situation, identify your goals, and put strategies in place to reach those goals.

“Just as you would visit a doctor for examination and treatment of your physical health, you should consult an expert regarding your financial health,” says Stephen C. Locker, CEO of Beacon Financial Group.

Regardless of your individual goals—whether to live a comfortable retirement, educate your children,travel the world, live a debt-free life,or leave your loved ones a significant inheritance—the foundation of any healthy financial plan must encompass strategies for building wealth and strategies for protecting your wealth.

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