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Simplify your financial lifestyle and focus on long-term investing. Strategic planning is an organization's process of defining its strategy or direction, and making decisions on allocating its resources to attain strategic goals.. MarketWatch offers personal finance advice and articles to help you save money and plan for retirement. A closed-off process also deprives the business of one of the greatest side benefits of strategic planning: team-building and alignment. Navees Rahman. BMO Harris Bank N.A. Truist Wealth offers collaboration with a wealth management advisor to offer guidance on protecting assets, generating income in retirement, and more. Educational savings and estate planning strategies. Its focus is on highly practical resources that you can immediately apply. A closed-off process also deprives the business of one of the greatest side benefits of strategic planning: team-building and alignment. 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When it comes to estate planning, many people create a will to have their assets distributed after they pass away.