As we’re nearing the year’s end and entering the holiday season, we might find finances on our minds. We asked Christina Boyd, Senior Financial Advisor and Managing Director - Wealth Management, with Merrill Lynch Wealth Management firm Boyd, Bencini, Gibbons & Associates, about the top three questions we should be asking ourselves. Boyd suggested this financial health checklist:
Am I saving more than I am spending?
“This is the foundation of every budget,” says Boyd. Review your spending and determine areas where you can cut back.
How much risk am I taking on with my investments?
Healthy return on investment (ROI) may involve some risk, says Boyd, but finding a desired comfort zone for investing is key.
Am I on track to achieve my various goals?
According to Boyd, the answer to this question varies for every stage of life—but it’s a question we all should be asking.
For more information about boosting your financial health, visit fa.ml.com/boydbencinigibbons.