Are You in Control of Your Financial Picture?

Are You in Control of Your Financial Picture?


When was the last time you checked to see if your financial goals were on track? It’s easy to get caught up in the day-to-day routine of job and family life. And it can be time-consuming to keep up with financial plans, advisors and multiple documents in various places. In fact, a recent survey showed 43% of respondents feel managing their finances has gotten more complex over the past five years. But knowing where you stand financially — and where you want to go — is key to staying on track and in control of your goals.

Review your financial priorities and concerns by asking yourself these questions:

  • Have my goals changed over the last several years?
  • Are my priorities the same as they were five, 10 or even 20 years ago?
  • How did I get to where I am today and where do I want to go next?
  • Are there concerns that keep me up at night or opportunities I want to seize?

Four Tips for Taking Control of Your Finances

Once you take stock of how your priorities and plans have evolved, follow these tips to get back on track and stay there.

  1. Identify your goals and top priorities. Be specific about what you want to accomplish in the short- and long term, and put it in writing.
  2. Review your plans with a financial advisor who can help you develop a step-by-step strategy to reach your goals.
  3. Develop a system for keeping information organized, secure and accessible. Technology tools can cut down on paper and make it simple to keep track of track of multiple documents in one place.
  4. Monitor your progress. Once you create a plan, review it periodically and make adjustments to your strategy as needed.

Goals shift, and an accurate financial picture is helpful to keep you on track.

To review your financial plan, contact a Fifth Third Bank advisor.

The information contained herein is for information purposes only, is not designed to address your financial situation or particular needs and does not constitute the rendering of tax or legal advice. You should consult with your tax advisor or attorney for advice pertinent to your personal situation. Asset Allocation, Alternative Investment and Hedging/Diversification strategies are intended to mitigate the overall risk within your portfolio. Some strategies may be subject to a higher degree of market risk than others. An investor should understand the costs, cash flows and risks inherent in a strategy prior to making any investment decision. There are no guarantees that any strategy presented will perform as intended. Fifth Third Private Bank is a division of Fifth Third Bank offering banking, investment and insurance products and services. Fifth Third Bancorp provides access to investments and investment services through various subsidiaries, including Fifth Third Securities. Fifth Third Securities is the trade name used by Fifth Third Securities, Inc., member FINRA/SIPC, a registered broker-dealer and registered investment advisor. Registration does not imply a certain level of skill or training.

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