Knowing Your Numbers and Accessing them Easily

Knowing your financial numbers is critical when it comes to planning your retirement. The fact of the matter is that most people have a “pretty good” idea of what their numbers are but there are a lot of folks that could benefit from getting clear on them in detail. As a retired financial advisor, I’d have folks bring in their financial statements so I could look them over.

How great would it be to look at your entire financial picture with a click of a button or on an app on your phone?

It’s extremely easy to setup a free account and connect your bank, investment and retirement accounts.

Personal Capital offers free tools that can also help you track:

  • Income
  • Expenses
  • Budgeting
  • Net Worth
  • Asset Allocation
  • Retirement Savings
  • Investment Portfolio

Once your accounts are connected, you’ll be able to view your balances on your Personal Capital Dashboard.

Knowing Your Numbers and Being Able to Access them Easily

Stay Protected with Affordable Term Life Insurance

Life insurance is designed to protect your family or someone you care about. That can be in the form of paying off a debt, like a mortgage, replacing your income, leaving an inheritance or for estate planning purposes.

Does everyone need it? No. If you’re single and have no children then no, you do not need life insurance. If you’re married, have no debt and a lot of assets, then it’s doubtful you’ll need life insurance, unless it’s for estate planning purposes.

How much life insurance do you need?

Here is a great way to get started on that number:

1. Look at your total debt, including your mortgage balance.
2. Factor in future expenses such as college for your children.
3. Calculate how much income would need to be replaced and any burial expenses you want to cover.

Does Everyone Need Life Insurance?

Prepare to Retire Early with an Online Self-Paced Course

In this online course, Eric Gaddy has taken the book and expanded the content into a set of clear, easy to follow videos and steps. When you complete the course, you will have ultimate clarity and be empowered to get on the path to designing your life.

Investment Advisory Services offered through Shankland Financial Advisors, LLC, Registered Investment Advisor