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Check Your 4 Points of Financial Failure

A technically perfect financial plan is a failed plan if it is inaccessible. This creates a 'ghost plan' with several key points of failure. The either/or dilemma is between having a perfect plan that is lost vs. having a resilient plan that is accessible.

Access: Digital passwords, account numbers, and the location of physical documents are completely lost.
Strategy: The 'why' behind specific investments or insurance policies is unknown.
Contacts: The names of lawyers, accountants, and other key professionals are not readily available.
Liabilities: A full picture of debts and recurring payments may be incomplete. The solution is to systematically 'dismantle the wall' and turn the ghost into a living document.

Dive deeper into this topic by visiting https://www.safesimplesound.com/family-financial-security-from-curious-to-confident/

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DISCLAIMER: This content is for educational purposes only and should not be considered personalized financial advice. Always consult with a qualified financial professional before making financial decisions.

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Penalties for Non-Compliance

Payroll Records: The 4-Year Rule

Your 5-Folder Tax System

The Hidden Cost of Bad Expense Tracking