Financial Fitness Test
1. Do you have a
will, power of attorney, or advanced care directive? □ Yes
□ No
2. Have you updated
the beneficiaries of your retirement plan and life insurance
policies with your employer and
purchased individually? □ Yes □ No
3. Do you have enough
savings to cover six months of your regular expenses?
□ Yes
□ No
4. Have you
calculated how much you should be saving for retirement? □ Yes
□ No
(Go to the Retirement Steps and see
important information and web links.)
5. Do you qualify for
a ROTH IRA? □ Yes □ No
(You qualify if you file taxes as single and
have adjusted gross income under
$101,000; for married filing joint
tax returns it’s $159,000 for tax year 2008.)
If you qualify, do you have a ROTH
IRA? □ Yes □ No
6. Have you reviewed your Social Security Statements for accuracy and to
see what your
estimated benefits are for
disability, survivors benefits and retirement payments at the
various ages? □ Yes
□ No
(Go to the Life, Disability Income and
Retirement Steps to link to important Social Security
websites to determine your benefit
amounts.)
7. Do you use Turbo
Tax® for preparing your taxes and Quicken® for personal finances?
□ Yes □ No
8. Do you have income
protection? □ Yes □ No
Can you and your family live on half
a paycheck if you became disabled?
9. Do you have
protection and benefit payments in the event of a chronic illness or accident
which leaves you needing Long Term
Care? □ Yes □ No
(Who would take care of you if you
were not able to care for yourself? Family,
friends,
professionals, home health care
workers may be needed to help you. Are
you insured for
the cost of the medical care needed?)
10. If you have dependent children...
Have you looked at the Financial
Aid Form (FAFSA) required of all college students
who need loans to go to
college? □ Yes □ No
□ Does not apply
Are you ready and have you planned
to cover the cost of College expenses for your
children? □ Yes
□ No □ Does not apply
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Mail to:
Rosemary Reid |
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Or
Fax 207-934-3131 |
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