The GPS in your smartphone can help get you where you want to go. And a financial strategy can do the same thing – by directing you toward your important long-term goals.
Like a GPS, your financial strategy can give you direction on how to reach your ultimate destination, such as a comfortable retirement.
And, just as a GPS can warn you about slow traffic or road closures, your financial strategy can warn you about events that could hinder you from reaching your goals. These obstacles could include an unexpected departure from the workforce or the need for long-term care. Your strategy, overseen by a financial professional, can also suggest solutions for these challenges.
Finally, like your GPS, your financial strategy can suggest alternative routes if you get off your original course. A financial professional can provide hypothetical illustrations showing you what could happen if you took different steps, such as retiring earlier or later or investing various amounts each year.
Your financial strategy can be a great GPS for your financial journey – so put it to work soon.
This article was written by Edward Jones for use by your local Edward Jones Financial Advisor