Life is Too Short to Not Plan Ahead

As the owner of a financial planning business, I often stress the importance of planning to my clients. One might think that my suggestion is only focused on financial endeavors, but it is critical to plan for everyday as well.

Never assume things are in place without checking or reviewing them. For example, in December when it snowed about 8 inches I thought I had everything needed to clean up. I assumed I had a shovel and gloves in the garage. As luck would have it, the storm hit and as I prepared to clean up the driveway, I found my gloves but no shovel. For the next several hours I proceeded to push the snow away with a broom. If I looked in the garage a day earlier, I could have bought a shovel and prevented a sore back.

As we start 2026, make a promise to yourself to plan and be prepared for the unexpected. Whether you are thinking about retirement, passing assets to loved ones, or getting ready for a snowstorm, a little planning goes a long way.

The first thing to do when making a plan is to define the goal. Think about what you need to accomplish your goal, what resources are available and your budget. Prioritize what the first step will be and break down the steps for larger goals. Create a schedule to track progress. Consider obstacles you might encounter and how to overcome them. Communicate clearly with others involved in working with you. Put your plan into action and make time to review or adjust as needed to stay on track.

As we all gather financial documents to prepare for tax filing, it is a good idea to commit to reviewing your financial plan yearly as well. Review your tax returns to make sure you understand what was reported on the return. A financial advisor can work with you to minimize tax liabilities.

Review your investments and confirm you understand the risks. Consider if you should make changes to reflect your current situation. If you are planning to retire in the next few years you may want to move some investments for when you stop working. Consider if you need more cash available or if you can leave your investment to grow long term.

Look at your estate plan and beneficiaries listed on your accounts. Review your will and make sure it is up to date with your wishes.

Discuss your plan and consult with people you trust including your family, attorney, CPA, financial planner, doctor, travel agent, etc.

Plan your life to the fullest. Life is too short not to enjoy the journey.