Your life goals are not generic, so we believe your wealth strategy shouldn’t be, either. Whether you’re focused on retiring comfortably or simply making smarter choices with your money, the path forward needs to reflect your personal priorities at the different turns.
LaTour Asset Management of Springfield believes that planning starts with real-life clarity. That involves building a strategy that fits the life you’re living now and the one you’re working toward. Here’s steps to consider.
- Partner With a Professional Who Sees the Full Picture
Before you download another budgeting app or second-guess your investment mix, ask yourself this: Am I trying to do this alone?
A trusted advisor can help you zoom out. Together, you can uncover blind spots, surface untapped opportunities, and chart a plan that’s grounded in your personal goals. In Springfield, our team works closely with individuals and families to help develop thoughtful, long-term strategies that are highly personal. If your financial decisions feel fragmented or reactive, this is where to start.
- Define What Success Really Means to You
Your strategy should reflect your values as much as your numbers. That might include:
- Owning a home in five years.
- Funding education for your kids or grandkids.
- Giving back to causes that matter.
- Retiring early—or working part-time on your terms.
Consider categorizing your goals: short-term (1–3 years), mid-term (3–10 years), and long-term (10-15 years). Then identify which ones are non-negotiable and which are flexible. We think a clear vision is the foundation for every financial decision to follow.
- Understand Where You Stand Today
Before mapping out a route, we feel you need to know your starting point. An honest financial snapshot helps shape how aggressively you can pursue your goals. Consider taking time to:
- Calculate income vs. spending (use frameworks like 50/30/20 if helpful).
- List your debts, assets, and savings balances.
- Build or replenish an emergency fund—3 to 6 months of expenses is a smart buffer.
- Build an Appropriate Mix of Tools to Get You There
With your goals defined and your current financial picture clear, it’s time to consider the following:
- Automate Savings: Paying yourself first helps builds momentum.
- Invest With Intention: Short-term goals might lean on cash or bonds; long-term goals may include growth-oriented stocks or ETFs.
- Use Tax-Preferred Accounts: 401(k)s, IRAs, HSAs, and 529 plans offer built-in advantages that can help amplify your efforts. There are benefits and restrictions on each of these accounts that you will want to consider.
- Reduce High-Interest Debt: The less you owe, the more you can redirect toward your goals.
We feel each element should align with your timeline and larger objectives.
- Consider Revisiting and Refining Regularly
Your goals may shift, and you know that the markets certainly will. Consider reviewing your plan annually (or after any major life event). Adjust as needed, rebalancing your investments and staying aligned with what matters most to you and your future.
Build a Strategy That Reflects Your Life—We Can Help At LaTour Asset Management of Springfield, we don’t just manage money—our goal is to help Springfield families build wealth that means something. If you’re ready to align your financial strategy with your real-life goals, give us a call at (877) 888-5724. We’re here to help you make the different decisions count.
