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What should a complete annual financial checkup cover?

Once a year, block an hour or two to review the whole picture. Recalculate your net worth and compare it to last year's. Check your savings rate and confirm you're on pace for retirement. Rebalance investment accounts back to your target allocation. Review and update beneficiaries on retirement accounts and insurance, especially after any life change. Reassess insurance coverage (life, disability, home, auto) against your current situation. Pull your free credit reports and scan for errors. Revisit your tax withholding so you're not over- or under-paying. Finally, reset your goals for the year ahead. Doing this on the same date each year, such as your birthday or New Year's, makes it a habit. The annual checkup assessment at wealthserene.com/assessments/annual-checkup walks you through each step.

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Educational disclaimer. Everything on WealthSerene.com is educational and is not investment advice. Projections and calculations are illustrative; actual results depend on market conditions, your situation and factors outside this tool’s scope. For a decision specific to your situation, consult a qualified financial professional. View full disclosures