Articles of interest

When was your last financial checkup?

Nearly every woman protects her health with routine visits to a physician. Yet how often do you consider the need for a review of your personal finances? If you have to think twice about any of the following questions, the time has come for a financial checkup.

• Have you reviewed your investment portfolio in light of the recent tax changes?
• Do you have financial goals?
  If so, are they in writing and do they include deadlines?
• Is your debt under control?
  Do you pay off your credit cards each month?
• Have you reviewed your investment portfolio recently?
  Are you comfortable with the level of risk associated with your current investments?
• Are you satisfied with the rate of return that your investments are generating?
• Have you started a retirement fund?
  If so, will your current rate of savings provide adequate funds to meet your future retirement needs?
• Have you reviewed your tax situation recently to see if there are ways to reduce your tax liability?
• Have you started a savings program to meet the cost requirements of your children's college education?
  If so, will your current savings rate be adequate, given the effects of inflation and rising tuition costs?
• Have you reviewed your life insurance coverage recently?
  In the event of an untimely death, will your current policies provide adequately for your spouse and/or children?