Protect your assets

After listening to your coaches, click on each point to learn more about valuable ways to protect your wealth.


Instructional Text

Once you've built a portfolio of investments and other assets, you'll want a strategy to preserve your wealth. Image Description
That’s right. You need to protect your investments against unexpected emergencies or other factors that could impact your financial future. One important example is the possibility that as you age, you’ll have increased health care costs. Image Description
So in this lesson, we’ll explain how insurance can help you protect your financial future. We’ll also tell you how creating three plans– an investment plan, a financial plan, and an estate plan – can help give you greater financial security and a legacy for the next generation. Image Description

Key Points

Prepare for medical emergencies

Be sure you have adequate insurance and a plan for managing your assets if you or a family member becomes seriously ill or disabled.

Consider longevity

Increase your savings so you can live comfortably in your eighties, nineties, or even beyond.

Manage your portfolio

Diversification and asset allocation can help reduce the impacts of high inflation and market declines on your investment accounts.

Have alternative plans

Consider best- and worst-case economic scenarios and determine how your financial plans may change if some of your assets lose value.

Keep personal assets separate

If you or your family owns a small business, consider ways to structure your business to protect your personal assets.

Click the Next button to learn about the value of insurance.
Protect your assets The value of insurance Insurance basics The growing cost of healthcare Three plans for your future a. Investing plan b. Financial plan c. Estate plan