A financial plan brings together your current financial circumstances, future goals and the strategies designed to connect the two. Working with your financial advisor, you may consider factors such as income and cash flow, net worth, tax considerations, asset allocation, retirement needs and estate planning goals.

Using reasonable assumptions and projections, your plan can help identify potential opportunities, challenges and actions to consider. Because your circumstances and priorities may change over time, financial planning is an ongoing process that can evolve with you.