1. Do you know how much money you will need to retire and maintain your current lifestyle?
Over the past 25 years, the burden of funding an adequate retirement income has shifted from the employer to the employee.
2. Do you know how much money is in your 401(k), and is it diversified to meet your goals?
“Don’t put all of your eggs in one basket.” The importance of investing in a variety of asset classes is difficult to overstate.
3. Do you know the tax implications of your current investment plan?
Wash sales, capital gains and charitable giving are among the tax issues that are involved in the selection of your investments.
4. Have you reviewed your insurance coverage in the last year?
When a person is disabled, financial obligations continue. Disability insurance helps to protect one’s most valuable asset — the ability to earn a living.
5. Do you have a will? How will you protect your family and estate in case of your death?
Is your family and estate protected in the case of your death? Do you know the laws regarding last will and testaments?
6. Are you fully utilizing tax advantaged gift-giving opportunities?
There are many opportunities to make tax advantaged gifts to charity.