Do you and your spouse have value clarity? Do you know where you are going, why and how you will get there? Can you point out where you are on the map and how close you are to the destination?
Why not try a simple exercise that can be carried out annually between you and your spouse. The meeting consists of both of you working through answers to the following questions:
1) What does our current financial picture look like (summary of net worth, expenses, tax planning, cash flow, insurances, investments, estate plan, etc)?
2) How did we do last year with our goals?
3) Have our values and/or short & long term plans changed?
4) What are our goals for the coming year?
Some food for thought on planning your financial future.
