Financial Preparedness Assessment - Financial Preparedness Advocate Tony Steuer

Have you organized your financial documents?

Yes, I have organized my financial documents.

No. My financial documents are not organized.

Do you have a financial dashboard to monitor your cash flow and net worth?

Yes, I regularly monitor both my cash flow and net worth.

Nope, I don't monitor either.

Do you review your loans, credit cards and expenses?

I review my loans, credit cards and expenses at least annually.

No, I haven’t considered how I can modify loans and expenses.

Do you review your tax planning?

Yes, I review my returns and check my deductions and tax withholdin

No, I'm just glad to get my tax returns filed.

Do you have a financial emergency plan?

I am prepared for a financial emergency.

I am not prepared for a financial emergency.

Do you have family financial meetings?

Yes, I meet with members of my family to discuss money issues on a regular basis.

No, we usually don’t discuss money issues.

Do you review your beneficiary designations and estate plan?

I review my beneficiary designations and estate plan on a regular basis.

No, I don’t do this on a regular basis and/or I don’t have a will or trust.

Do have a plan for managing your investments?

I have a personal Investment Policy Statement and/or a financial planner.

I don’t have an overall investment plan or strategy.

Do you review your insurance policies?

I review all of my insurance policies annually to make sure that they fit my risks.

I haven’t looked at my insurance policies since I bought them.

Are you prepared for open enrollment (employer insurance, individual health insurance or medicare)?

I am ready for open enrollment and understand my options.

I just select the default options.

Do you regularly monitor your identity and credit reports?

I order my credit reports and consumer reports annually.

It’s been a long time since I’ver ordered a credit report or consumer report (or I’ve never done so).

Do you wrap up loose ends at the end of the year?

At the end of each year, I make sure to take care of any missed financial maintenance items.

I take care of some of the loose ends, though it’s hit or miss.

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