You are financially fit, if you...

• Have a handle on cash flow. Have you ever done a budget/spending analysis?
• Keep an emergency fund = 4 to 6 mos. living expenses in a safe, liquid account
• Pay off credit card balances each month
• Review your FREE credit reports at https://www.annualcreditreport.com
• Define your short- and long-term financial goals
• Prepare a Net Worth Statement and compare progress from year to year
• Invest in yourself by savings for your future 
• Know your risk tolerance  
• Rebalance your investments annually
• Use tax planning strategies to minimize taxes
• Read your employer’s Summary Plan Document for your 401-k
• Don't lose track of previous employer retirement plan assets
• Know what you are paying in fees in your financial accounts
• Keep updated estate planning documents: will, durable power of attorney, health care proxy, letter of instruction to family
• Protect yourself and your assets by having sufficient insurance
• Keep an inventory of your important documents and passwords

Key Resources

  Internal Revenue Service www.irs.gov
  Massachusetts Department of Revenue www.mass.gov/dor/  
  Broker Check https://brokercheck.finra.org/ 
  Financial Industry Regulatory Authority (FINRA) www.finra.org 
  Social Security Administration www.ssa.gov
  CFP Board www.cfp.net
  Financial Planning Association www.plannersearch.org