“Gentleman, this is a football.” Legendary Coach Vince Lombardi is famous for this line. We can learn as well.
When times get tough, the tough get back to fundamentals and basics. Is it time to get some basic answers?
Here are some questions to ask when getting back to Basics:
- Have I reviewed my auto, home, business, and other casualty coverages this year?
- Do I have the liability protection I need and want? Do my deductibles make sense?
- What is my “income plan” if I get sick and can’t work?
- Are my will and trust current? Is my trust funded? (It probably isn’t if you don’t understand the question)
- Have I reviewed my Life Insurance desires and wants lately?
- Have I looked at my Bank Accounts and Money Markets to gain the best rates?
- Do I have Savings Bonds which need a review and organization?
- Am I taking advantage of Tax Free and Tax Deferred Savings and Investment plans?
- Do I have some guarantees in my Strategy? Important today with all of the uncertainties out there!
- Have I reviewed how Income Taxes could impact my retirement?
- Do I use a process to preserve assets in this unpredictable market?
- Have I reviewed my mortgage this year?
- Do I have a Budget? Is my debt under control?
- Is my plan organized for my family in the event I can’t make decisions?
If any of the questions ring true for you it’s probably time to get together and review. Perhaps someone else came to mind that you feel could benefit from a review. Have them contact me as well. Email me at cort@financialarch.com or call (248) 482-3606.
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