Furthermore, economic volatility and job uncertainty brings along the cloudiness of whether or not we'll be able to acquire assets and/or stash away enough cash for retirement. If we take a look at past history, current statistics, and future predictions - it's plain to see that most of us are not on the right track when it comes to savings and investments...and we can use a little information or assistance about our own personal financial situation.
Here are 6 difficult questions to ask yourself:
- What are you doing to protect your financial well-being?
- Do you own any investments besides a 401K? Or are all of your "eggs" in one basket?
- What would happen if you got severely injured or sick and couldn't work?
- Do you have an updated will?
- How long could you or your family survive without a paycheck if you got fired or laid off?
- Do you know if you're on track to retire comfortably?
Finally, there is hope for finding balance and clarity through all of this uncertainty. In addition, I strongly recommend that we utilize someone or something to inform us of our financial outlook. We can do this ourselves if we're financially savvy enough and willing to spend the time to stay abreast of everything that might affect our financial outlook. However, we can also decide to ask a financial planner or a professional to do it for us. Whatever you do - do something! Get your financial scorecard ASAP - and be one of the few living comfortably in retirement.