- Create your personal financial inventory. Include all retirement and savings/checking accounts.
- Set financial goals. How much will you need in retirement? An advisor can help you decide.
- Maximize your retirement savings. Fully fund all pre-tax retirement savings plans such as 401(k) and 403(b). Invest for growth by putting additional savings into after-tax accounts like IRA and Roth IRA.
- Take full advantage of employer match and don’t miss out on free money!
- Don’t borrow from your plan.
- Review beneficiaries, annually.
- Let us provide a recommended asset allocation for your existing plan.
- Create an emergency fund. Keep 3-6 months of living expenses invested in a CD, money market, or savings account.
- Develop a plan to eliminate debt. Pay off all debt except your mortgage. Pay off your credit card balance every month. Pay off consumer debt, student loans, etc.
- Are you well-versed in tax strategies? Let us help you optimize your tax planning.
- When should you begin Social Security? It’s easy to make a mistake here. Find the best time to take Social Security by meeting with one of our CERTIFIED FINANCIAL PLANNER® professionals.
- Create/update your will or living trust. Does it include durable power of attorney and an advance directive for health care? Review your estate plan annually.
- Review your insurance coverage.
- Consider term life insurance, if you have dependents.
- Do you have disability insurance with a six-month elimination period?
- Shore up health insurance; get the best you can afford.
- Shop for long-term care insurance, if you are 60 or older.
- Review your homeowner’s insurance, paying attention to the deductible.
- Look over your auto insurance. Consider raising the deductible.
