First and 10 — Step 1

A football team’s goal is to win the game. You need to understand what you want to achieve with your wealth. Are you looking to retire early, fund your children’s education to Ivy League schools or leave a multigenerational legacy? By clarifying your objectives, you can create a roadmap for success and help see that your wealth plan is aligned with your values and priorities.

6 Second and 7 — Step 2

A football team needs to be strategic about the plays it runs. You need to be strategic about your taxes. This includes taking advantage of tax deductions and credits, as well as optimizing your business structure to be tax considerate. By working with a tax professional, you can develop a tax plan that may help save money and reduce your tax burden. This can be a critical component of your overall wealth planning and done in consultation with your financial advisor.

Third and 1 — Step 3

A football team will vigorously defend its end zone. You need to defend your wealth against potential risks and threats. This includes adding estate planning services, purchasing insurance to help protect your business and personal assets, and creating a succession plan to help continue the success of your company. Additionally, consider your options for cash and credit needs. By taking these steps, you will likely be better positioned to march down the field of life with more confidence in your wealth and legacy plans.

Touchdown — Step 4

A football team needs to adjust its strategy during the game. You need to regularly review and revise your wealth plan, so it remains aligned with your goals and objectives. By staying on top of your wealth plan, you can help achieve your financial goals.

Working with your financial advisor, you receive personalized advice and guidance to help you achieve your financial goals and score a touchdown with your wealth planning.