How a debt policy can meet clients' long-term goals

04/3/2011 | Journal of Financial Planning

Financial planner Shawn Brayman explains how a "debt policy statement" can help clients make better borrowing decisions. Like an asset portfolio, a debt policy allows planners to consider a mix of debt categories while taking into account a client's tolerance for risk. The approach encourages good debt management, while encouraging clients to link borrowing to their long-term financial goals.

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