A Quiz to Check Your Financial Health
Your physical health isn't the only thing needing attention.
To gauge the effectiveness of your financial planning to date, take this quiz to check your family’s financial health. Add up the points based on your responses to each question, and then check the scorecard at the end of the column to see where you stand. Do you and your wife each have a will? Take one point for each spouse that has a will. Does your family have a budget that you follow each month? Take 2 points for yes, and 0 for no. Do you and your wife each have durable medical powers of attorney? Take one point for each spouse that has such a document. Are all working spouses maximizing their contributions to any company-sponsored retirement plans? Or, if you are self-employed, are you making maximum contributions to your IRA, SEP …
