In the old days, everyone learned the three Rs, ‘Reading, wRiting and aRithmetic.’ These basics were big buckets that contained a basic education. If you could master those, you’d find yourself in pretty good shape. At times, financial wellness seems to be a complicated and overwhelming challenge. I’m here to tell you that it doesn’t have to be. After a year like 2020, I’d like to suggest that we consider a new set of three Rs: Review, Reallocate and Rebalance. The new Rs are an essential part of your financial and retirement plan, but particularly important for 2021. We can use these new buckets to help simplify the process, to make managing our financial lives less of a challenge. Here’s the basics:

  • Review: Taking stock of where things stand
  • Reallocate: Decide where should things be flowing
  • Rebalance: Get the mix back on track

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