Rich people are planners and do what needs to be done.

The Top 1%’ers have certain things in common. Starting with having a clear plan for success.

It’s in my nature to be a guy that makes lists to help stay organized and get things done. DOES THIS SOUND LIKE YOU?

We are finally getting sunshine in Chicagoland and have had temperatures above seventy degrees for two consecutive days. Of course this is long overdue and it’s time for a quick financial plan checklist review before you check out for the summer.

I have clearly defined financial goals.
Having identified what those future goals will cost.
I have developed a savings/investment strategy to meet them.
Content with my emergency cash reserves.
My estate plan (will and/or trusts) is solid and up-to-date.
I am minimizing the taxes I owe from dividend and capital gains.
I know my investments will not drop in value more than I am comfortable with the next time the stock market has a big drop.
My life insurance and long-term health care coverage is solidly coordinated with my legacy plan.

If you can check all these boxes, Congratulations! You’re a Top 1%er!

For the unchecked boxes, please stop procrastinating and review these areas! Even if it means giving your adviser a call to schedule a quick telephone or in-person review. It’s that easy.