Investment Planning

Investing is an important step in creating your financial plan. A financial advisor can show you some common techniques to help you build a personal investment plan.

Before you begin considering how and where to invest your money, it's important to identify and prioritize your wealth accumulation goals.

• What does investment planning mean to you?
• What dreams are you saving for (retirement, a home, education)?
• How have you approached issues like risk tolerance and diversification?

More than ever before, your financial success depends on you. Working with a financial advisor can help you understand how to become a better investor and build your retirement savings. An advisor can help you:

• Assess your financial situation. Create a clear picture of your current financial situation.
• Understand diversification. Spread out your investments over several types of "asset classes" to reduce risk.
• Allocate your funds. Asset allocation is about devoting a percentage of your assets to stocks, bonds or other products as a class.
• Monitor your progress. Revisit your allocation regularly to make sure it's consistent with your current needs.
• Consider tax implications. Be aware of tax advantages or paying any unnecessary fees.

Your dreams will change. Your tolerance for market risk may change. That's why it's important that your financial plan is adjusted as necessary. An Ameriprise financial advisor can help you revisit your investment strategy to help you make sure it stays in line with your long-term financial goals.