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Financial Roadmaps: Great for Short Trips

By LouAnn Schulfer,  AWMA®, AIF®
Accredited Wealth Management Advisor®
Accredited Investment Fiduciary

A roadmap is a great resource for a short trip.  If you are planning travel and your trip is going to take a few days, weeks or even months, chances are your roadmap will be reliable. If however, you are planning the journey of your life, chances are the roadmap won’t be reliable as it ages because too many things change along the way.

A financial plan is important, but what is more important is the monitoring of the plan and it’s investments, new data, how the terrain around you has changed, available options, and especially, facing the ongoing financial decisions that will set the course for your long journey going forward. If you do not revisit and amend your financial roadmap, it is as if you’d put your retirement on cruise control or even worse, on autopilot. That would be akin to pulling a compass out of your pocket once, traveling forward, and never making checks for new decisions along the way. You’ll get somewhere,  but it may not be the journey or the final destination that you’d intended from the beginning.

Long story short, without ongoing attention, financial roadmaps are great for short trips.

LouAnn Schulfer is co-owner of Schulfer & Associates, LLC Wealth Management and can be reached at (715) 343-9600 or

Securities and advisory services offered through LPL Financial,a Registered Investment Advisor.  Member FINRA/SIPC.