This exercise can be done without leaving home and can position you and your family to emerge from quarantine with a more organized, healthier personal financial situation. Going through the below 7-step checklist is a wonderful way for people at all stages of life, especially folks approaching retirement, to firm up their finances. Assess Your Cash Flow: Reviewing one’s cash flow can be a tedious, but very enlightening, process. Revisit Your Investment Policy Statement (IPS): An IPS is an important document to set up before your start investing. While it’s never recommended to make drastic changes to one’s IPS during market turmoil, it is definitely worth reviewing.

Source: Forbes May 27, 2020 20:29 UTC