2019 Financial Checklist
Published in
2 min readMay 16, 2019
Just like you get a physical each year, it’s also good practice to review the state of your money’s health. In that spirit, we’ve created a financial checklist to help you gain and maintain control of your financial life.
This can feel a bit daunting to take care of all at once, so try and check things off section by section to get it all done. Of course, you could also sign up for Farther, and we’ll be happy to lend you a hand in taking control of your financial life today.
Investing and wealth-building
Setting up and maintaining the right types of savings and investment accounts is critical to accomplishing your near and long-term goals.
- Top off your emergency fund — You should aim to save for 3–6 months of expenses with no income in your emergency fund. Don’t let inflation eat away at it though — make sure it’s invested appropriately in safer, easy-to-access assets.
- Max out your retirement accounts — Don’t just take advantage of matching, max out your 401(k) or 403(b) and your IRA each year to minimize your taxes and maximize your tax-advantaged investing.
- Consolidate your accounts — Speaking of retirement accounts, you can rollover any old accounts you’ve accumulated over the years into an IRA. That way you won’t lose track of your money or end up paying extra fees associated with retirement plans and any high-cost fund options in them.
