For many homeowners, these wildfires highlight the urgency of reviewing insurance policies – particularly homeowners insurance – to ensure risks are adequately covered. Conducting a thorough policy review at least annually is vital and here are five key aspects to examine in your insurance coverage to avoid unexpected vulnerabilities.
Now that it’s a new year, why not add “regular financial reviews” to your existing list of New Year’s resolutions? Here’s a brief description of what a typical review might entail:
Will you make a New Year’s resolution? The smartest one might be to get your finances in order. Here is a framework for making your financial resolution stick.
New Year's financial checklist; budget, debt, retirement contributions, rebalance, will, emergency fund, credit report, insurance, automatic bill pay.
Your year-end bonus remains taxable income and you can make smart decisions with your financial planner to budget it responsibly, as you do (presumably) all your other pay. That doesn’t mean you can’t enjoy yourself a little, but keep priorities in mind.
The end of the year provides an ideal opportunity to reflect on the status of your personal finances and review your evolving goals and objectives for the year ahead with your financial planner.