Schedule your Financial Wellness Check-Up

Schedule Your Financial Wellness Check-up

Key Take-Aways

A financial check-up is a systematic look at the complete state of your
finances.
It can be useful to perform a financial check-up annually and after any major life event, such as a marriage, divorce, birth, or death.
Your check-up should include your retirement accounts and other savings, your debts, your estate plan, and your insurance coverage, among other topics.

What Is a Financial Check-Up?

A financial check-up looks at the current state of your finances to determine what kind of shape they are in and whether you need to make any changes in how you’re handling them to stay on track.

When Do I Need a Financial Check-Up?

Experts suggest conducting a financial check-up on an annual basis or after major life events, such as a marriage, divorce, birth, or death.

Can I Do a Financial Check-Up by Myself?

If your finances aren’t particularly complicated, you should be able to perform a financial check-up on your own. However, the more complex your financial life is, the more likely that you’ll benefit by engaging a financial planner or other experts to assist you.

The Bottom Line

A financial check-up can help keep you on track toward your financial goals. After completing your check-up, you’ll want to begin implementing any changes you’ve decided to make as soon as practical. Then you’ll be able to relax until it’s time to do it all over again.