ARE YOU FINANCIALLY FIT?

• Have you recently analyzed what proportion of your income is being allocated to savings and investment?
• What is your federal income tax bracket? What percentage of your total income goes to taxes? Do you have a plan to reduce your taxes?
• What have you done to establish and maintain a positive credit standing?
• What percentage of your take-home pay is going into debt payments? Is this a manageable percentage?
• Do you have a recent net worth statement? (Assets and liabilities)
• Are you aware of your overall situation and do you have a written financial plan?
• What methods do you use to keep financial records?
• Do you involve other family members including children, in discussions about money?
• Do you have emergency money for unplanned expenses or on emergency fund equal to three months of regular income?
• Do you have life insurance coverage for major wage earners in the family?
• Do you have insurance for health, disability, homeowner's or renters, and automobile?
• Do you have a financial plan for retirement?
• Do you have a plan for the distribution of your personal possessions after death?
• Do you have a current will?