If you are over 30 years old and have no personal retirement fund to which you contribute regularly, subtract 10 points. If you have a current will, add 10 points. If you know your marginal federal tax bracket, add 5 points. If you know your net worth, add 5 points. Questions where points are missing or subtracted indicate areas where improvement is needed.
Every family has a system of filing valuable financial documents and papers.
The car title is in the kitchen drawer. The property tax receipt was last seen in a basket in the bedroom. Your life insurance policy is stashed in a box in the garage, and your last year s tax return is somewhere. While you re sure that all of your important papers are safe, you ll swear they are hiding if and when you need them in a matter of minutes. Set up a workable filing system for your important papers.