Your 5 Point Mid Year Financial Checklist
Check your Budget – If you do not have a budget, develop one and review it. Make adjustments as needed to balance your budget. If you need to cut back to avoid building further debt, then do it.
Review your Retirement Contributions – What is the status of your contributions, are you meeting them and are the investments performing?
Review your Retirement Targets – consider how much you have saved, the number of years left to work and your retirement targets. Does something need to be adjusted? Review these changes with your family to make sure they are on board.
Adjust your Investment Strategy – review the returns, the level of diversity and your long-term goals. If you are over weighted in one area should you make adjustments? Take into account the cost of balancing your stocks and fees that you may need to incur.
Review your Investments – Diversity, long-term growth, investment income etc need to be reviewed and how each of your investments meets these goals.