Christmas holidays for some of us is a time to slow down a bit, take some time off and enjoy other things in life than “work.” Retirement planning is a process that works sort of like that. Understanding both financial resources as well as life resources is a long term strategy that shouldn’t wait until you are at retirement.

I recommend personal trainors. If you find one that you feel comfortable and trust, they can help so much. This has been my experience with Jane, my personal trainor. Likewise, your financial health is incredibly important, as a financial planner, I can help “train” you. We all can use coaching. Look at Tiger.

Cashflow is not as hard as you might think to manage. Having a trustful financial planner though, to meet with once a year can really make a difference. An improving cashflow impacts the networth; things you own less your debts. Actually following your networth year to year is a simple but effective plan.

Estate planning does not have to be complicated. How do debts and expenses get paid and the remainder of your estate be distributed to your chosen beneficiaries, after your death. Yes, there are numerous issues that you can layer here. Speaking to a qualified financial planner about estate planning strategies is your next step.

What are you doing to protect your earning power? Are you taking the appropriate steps to make sure that you are protected in case of lost income due to illness or injury? Where is the income coming from if you cannot work (much)? Don’t count on your group plan to come through with flying colours! A personally owned long term disabily plan may prevent a disaster.