A Financial “To Do” List

Zoomed in view of a laptop with reading glasses resting on a document. An inset image showed a small hotel safe.

When it comes to planning their financial security, many people put it off to another day or overlook it altogether. That’s unfortunate, because there are some things that will help your financial future and that of your family.

  1. Review and update your will. If you do not have one, seek out an attorney and have it done.
  2. Ask your insurance agent to review your policies with you to see if your current coverage is meeting your needs. If necessary, shop for a better deal. It is important to make sure you have adequate life and disability insurance.
  3. Financial experts also recommend that you have an emergency fund account that is equal to three to six months of expenses. Review yours to make sure you are getting the best possible return on your investment and that the reserves are held in a safe, accessible account.
  4. Take time to organize your important papers and family records. In a time of need key documents like your will, power of attorney, stock certificates, insurance papers, the deed to your house, and other important papers need to be in an easily accessible and safe place for you or your loved ones in time of emergency.

These tasks may not be what you want to do, but they need to be done. Make time for them and you will save yourself and your family from future stress.

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