Is Your Financial House in Order?

Posted by on May 11, 2016 - 8:55 am

To all our non-client readers, please feel free to take our “self-assessment” test below.

  • I have emergency funds equal to 6 months income.
  • I save 15% or more of my gross income on an annual basis
  • I have eliminated all consumer debt
  • I have adequate property and casualty insurance
  • I am comfortable with the current amount of taxes I am paying
  • My estate plan is current and documented for both state and federal tax efficiency
  • My life insurance and disability is for full replacement value of my income
  • I have adequate retirement savings to provide a guaranteed secure retirement income
  • I have a written investment policy statement that is aligned with my objectives and risk tolerance.
  • My current investment allocations are based upon the efficient frontier philosophy and methodology
  • I know the amount of internal and external fees in my investment holdings
  • I am happy with my overall investment performance and returns


12 out of 12 = Excellent! Stay the course

11 out of 12 = Very good! Update where needed

10 out of 12 = Good. Time for a review and update

9 out of 12 (or less) Consider engaging another financial adviser and/or method on matters of finance.

Posted in: Matters of Finance, News
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