Based on your Report Card grades for achieving your near-term goals, we draw up an action plan. Your savings goal is quantified, a strategy is recommended for funding your children’s college education and your retirement investment strategy takes shape. Any goal that you would like to accomplish over the next five years is addressed in this one-page action plan, allowing to quickly get started on improving your financial future.
You are also presented with an analysis of your cash flow and a one-page action plan for optimizing your cash flow. You receive a summary table showing your income for the year, minus your projected tax liability and expected living expenses. If you are saving enough—we generally set a savings target equal to 20% of your gross income—we tell you whether to invest your savings in a tax-deferred or taxable account. Alternatively, we suggest a gifting strategy to benefit your children or grandchildren and reduce the size of your estate. We might also recommend that you spend more on dreams previously outlined in your Blueprint.