The Big Picture: 2 ? Investing Game Plan | Personal Investing Blog

June 1st | Investing Game Plan

This book, then, is about the 10 steps to successful investing game plan. But investing is only part of your financial life. It is possible the most important part of your long-term financial picture. But it is only one part. Here are seven other parts: 1. Cash Flow Planning. Where does your money for daily life come from and how is it spent? 2. Tax Planning. More than submission that a tax return, this area contains issues such as or to invest in a traditional or Roth individual retirement account, how much tax you save in a 401 or you need a section 529 plan, and educational savings plan. 3. Retirement Planning. Some people prefer to think of retirement planning in terms of financial freedom or independence of any employer or of worries. What it means to you, without a new stream of regular income advanced life takes planning. 4. Estate Planning. You have your life?s work in building a good cast, and you need to do to protect and distribute some plans. Estate planning is all about who you want to get what and when, and how you can prevent it all to Uncle Sam. 5. insurance. Insurance covers all areas, including life, health, cars, other property, potential liabilities and long-term health care. This is a large, complex and important topic. 6. Special Issues for education, elderly parents, Thiscatchallcategoryincludesthingslikeproviding. underprivileged children and gifted children. 7. Life plan. This is a subject that is not financial in its core, but in its reverb. It includes life changes, such as a move to a new location or a career change. Take a moment to think about each of these areas in your own life. If there is a spectrum between where you are and where you want to be, how would it look like? Picture of a chart as table i.1. The gap between the end of each arrow

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