As we enter the New Year, many folks will set out to focus more attention on their health and wellbeing. Indeed, the month of January experiences almost 50% more gym membership sign ups than other months. According to the International Health, Racquet, and Sportsclub Association, “more than 12 percent of gym members join in January, compared to an average of 8.3 percent per month for the full year.”1 While improving your personal health is a wonderful goal, we are encouraging investors to put more time and energy into strengthening their financial health. Taking a fresh look at your investment plan—or creating one for the first time—is a great way to get started. Four Steps to Strengthen the Health of Your Investment Plan Taken together, the below four steps can help put you on a better path to knowing where you stand financially, relative to your long-term goals. Try you to review these four things in detail with your financial advisor. If you don’t have one, it could be a good opportunity for you to seek one out, using this process as a means to evaluate the type of job a financial advisor could do for you.
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