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Private Wealth Frequently Asked Questions (FAQ)
Private Wealth FAQs

Investment Management


When setting up a financial plan, you should design a strategy to meet your investment goals using the following methodology: 
 
  1. Create a budget. This will help lay a foundation to guide all future financial planning. 
  2. Ensure your financial plan accounts for all applicable taxes on your cash flow. 
  3. Set aside money for an emergency fund. Reserve money for emergencies that could arise before and during retirement. This could help cover car repairs, home maintenance and medical treatment.
  4. Invest beyond your 401(k). Set aside a separate banking account for savings. Consider a Roth IRA. 
  5. Manage your debt so you can retire debt-free., so that upon retirement you are starting with a clean balance.

Financial Planning


When setting up a financial plan, you should design a strategy to meet your investment goals using the following methodology: 
 
  1. Create a budget. This will help lay a foundation to guide all future financial planning. 
  2. Ensure your financial plan accounts for all applicable taxes on your cash flow. 
  3. Set aside money for an emergency fund. Reserve money for emergencies that could arise before and during retirement. This could help cover car repairs, home maintenance and medical treatment.
  4. Invest beyond your 401(k). Set aside a separate banking account for savings. Consider a Roth IRA. 
  5. Manage your debt so you can retire debt-free., so that upon retirement you are starting with a clean balance.

Private Banking


When setting up a financial plan, you should design a strategy to meet your investment goals using the following methodology: 
 
  1. Create a budget. This will help lay a foundation to guide all future financial planning. 
  2. Ensure your financial plan accounts for all applicable taxes on your cash flow. 
  3. Set aside money for an emergency fund. Reserve money for emergencies that could arise before and during retirement. This could help cover car repairs, home maintenance and medical treatment.
  4. Invest beyond your 401(k). Set aside a separate banking account for savings. Consider a Roth IRA. 
  5. Manage your debt so you can retire debt-free., so that upon retirement you are starting with a clean balance.
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