Creating Your Personal Financial Strategy in 2016 | By Valerie P. Kaiser

LoudounJanFeb2016HR_Page_17While many firms do strategic planning, we want you to know, we not only do it, we do it well.

Helping our clients to clearly define objectives to create credible and focused plans with results is our goal. Looking forward to serving you and helping you throughout 2016 and beyond.

Consider the checklist:

Prepare And Follow A Spending Plan
More than half of adults do NOT have budget. Putting it on paper or your wireless device is essential to your success. Without a budget and a plan
for spending, it is difficult to achieve your goals. Make it your business to sit down in January. Plan your year with a budget for spending and saving.

Pay All Bills On Time
Nearly 24% of all adults do not pay bills on time.* Paying bills on time will increase your credit score and also allow for better rates when borrowing.
It is always a good thing to do the right thing. Make paying all bills on time a part of your DNA and a positive character trait you embrace. It is never
too late to make the shift. Changing bad habits NOW and the way you handle credit including bill paying will benefit you in the long run.

Review And Update All Legal Documents
• Will
• Trust
• Contracts
• Citizenship
• Passport

Review Homeowners Insurance
Don’t forget to add newly acquired high value items including jewelry, art, etc.

Estimate Federal And State Income Tax In Advance
January is the perfect time. Determine if you can contribute more to your tax deferred retirement plan or IRA to reduce your 2015 taxes.

Review Health Insurance Plan
Call the member service line to discuss your health insurance plan. Review all benefits. Plan to change from year to year.

Review Life Insurance Coverage
Make sure you have adequate coverage. Consider supplemental benefits and coverage including disability, long term care and additional health insurance depending on life cycle changes.

Check Your Credit
Clean up any unresolved issues in your credit history.

Calculate Your Net Worth
Assets minus liabilities equals net worth – Make sure yours is positive!

Review Al Long And Short Term Debt
If disaster strikes (house burns down, unexpected surgeries, etc.) will you and your family be OK.
• Plan accordingly
• Stay committed
• Create and live your plan

And have a great year!

Valerie P. Kaiser, CFP®
625 Elden Street. Suite 203 Herndon, VA 20170

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