Welcome to WealthCare Financial - Physicians Benefits

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    Boca Raton, FL 33487

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YOUR MID-YEAR FINANCIAL CHECKUP

The plans you made at the end of 2019 may not be holding water now that we are in the middle of 2020 so it’s time to see if you are still meeting your financial goals.2 By reviewing your financial status, you can adjust in case a new job or something more impactful and unexpected has uprooted your lifestyle.

Are you sticking to your planned budget?

  • Have your monthly bills increased beyond expectation?
  • Do you have unexpected living expenses that you aren’t tracking?
  • Are your spending habits higher or lower than what your budget allows?

How are you protecting your money?

  • Have you checked your credit score and are there adjustments you can make to increase your number?
  • If you have some bad debt still floating around, can you adjust your budget to get this paid off sooner?

Are your retirement contributions still accurate?

  • Can you increase your retirement fund contributions even by a small percent?
  • If you have an annuity or IRA, are the returns the best you can get, or do you need to adjust for a better ROI?
  • Do you have a savings account tucked away for bucket-list items and is this still in good shape?

Who has your tax and FSA money?

  1. Are you paying the right amount of taxes so that the IRS isn’t holding onto your hard-earned money when you could be using it?
  2. FSAs work on a use-it-or-lose-it system so check what you have and spend it on what you need.

Adapted from CNN Business2

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This document is for educational purposes only and should not be construed as legal or tax advice. One should consult a legal or tax professional regarding their own personal situation. Any comments regarding safe and secure investments and guaranteed income streams refer only to fixed insurance products offered by an insurance company. They do not refer in any way to securities or investment advisory products Insurance policy applications are vetted through an underwriting process set forth by the issuing insurance company. Some applications may not be accepted based upon adverse underwriting results.  Death benefit payouts are based upon the claims paying ability of the issuing insurance company. The firm providing this document is not affiliated with the Social Security Administration or any other government entity.

2 https://money.cnn.com/2016/07/28/investing/financial-checklist/index.html