It may be time for a financial checkup!
Financial Checklist for Women Over 50
Retirement Readiness
- Max out 401(k) and/or IRA contributions
- Take advantage of catch-up contributions (age 50+)
- Review your retirement goals and timeline
- Use a retirement calculator or consult an advisor
Smart Investing
- Review and diversify your investment portfolio
- Consider target-date or low-cost index funds
- Rebalance annually to align with your risk tolerance
- Speak with a financial advisor if needed
Housing & Lifestyle
- Reassess if your current home fits your needs
- Explore downsizing or relocating to reduce costs
- Evaluate your home equity as part of your financial plan
Debt Management
- Pay down high-interest credit card debt
- Consider debt consolidation options if needed
- Set a clear debt payoff plan with monthly goals
Healthcare Planning
- Research Medicare options and coverage
- Set aside savings for out-of-pocket medical costs
- Open or contribute to an HSA (if eligible)
Estate & Legacy Planning
- Create or update your will
- Establish power of attorney and healthcare proxy
- Consider setting up a trust for asset protection
- Review and update beneficiary designations
Professional Guidance
- Find a trusted financial advisor
- Review your financial plan annually
- Don’t hesitate to ask questions—your future is worth it
See more at: http://www.keithclarkandassociates.com.
Connie Thornhill Bettis, MBA
Registered Representative
Paradise Wealth Advisors
