If Financial Planning was Chess... Which Assets and Accounts Would Be Which Pieces?

Updated: Sep 12


Chess is a game of strategy - no question about that. I am a chess amateur. I usually play against the computer - so no one else can see how bad I am!


First, let's identify the King. You are the King. The king doesn't move much - just one space at a time. Every other piece is to defend you and attack your opponent and their pieces.


What would be a pawn? It would be any account or asset that you get because it's a good idea and probably cheap enough to get. An individual stock, a savings bond, term insurance, disability coverage, supplemental health insurance (like an accident policy)... anything that you say "I