*Collaborative Post
Most families think of diversification as something that happens inside an investment account, spreading money across stocks, bonds, and sectors. A truly diversified long-term family savings strategy, however, reaches further than asset allocation alone.
A well-structured financial plan spreads money across three distinct layers: a cash layer for near-term access, a growth layer for retirement savings and long-term investing, and a goal-based layer for specific priorities like education or legacy planning. Each layer serves a different time horizon, carries different tax treatment, and offers different levels of access.
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