Keeping Fit: A Financial Wellness Checklist

 

Executive Summary

Many details in your financial plan may become obsolete, forgotten, or ignored. That’s why it’s important to review your plans so they reflect your current status and wishes. This article reviews some simple steps you can take to determine the state of your overall financial plan.

Key Points

  • A basic document checklist - Start with an inventory of what you have and consider filling in any gaps.
  • Beneficiary designations - Check that they reflect your present intentions.
  • Family circumstances - Divorces, marriages, births, and deaths, for example, need to be noted as they may affect the way certain documents are written.
  • Share changes with your advisors so that any necessary updates are made.

Conclusion

Confirming the accuracy of your financial documents is one of the most important things you can do to make sure your family will be provided for as you wish. We believe a financial wellness check should be part of your annual to-do list.

"New Year’s resolution time is right around the corner. Why not add financial fitness to your to-do list?"


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The PNC Financial Services Group, Inc. (“PNC”) uses the marketing name PNC Center for Financial InsightSM to provide wealth planning education to individual clients through its subsidiary, PNC Bank, National Association (“PNC Bank”), which is a Member FDIC.  Securities products, brokerage services, and managed account advisory services are offered by PNC Investments LLC, a registered broker-dealer and a registered investment adviser and member of FINRA and SIPC. Insurance products may be provided through PNC Insurance Services, LLC, a licensed insurance agency affiliate of PNC, or through licensed insurance agencies that are not affiliated with PNC; in either case a licensed insurance affiliate may receive compensation if you choose to purchase insurance through these programs. A decision to purchase insurance will not affect the cost or availability of other products or services from PNC or its affiliates. PNC does not provide legal, tax, or accounting advice unless, with respect to tax advice, PNC Bank has entered into a written tax services agreement. PNC does not provide services in any jurisdiction in which it is not authorized to conduct business. PNC Bank is not registered as a municipal advisor under the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Act”). Investment management and related products and services provided to a “municipal entity” or “obligated person” regarding “proceeds of municipal securities” (as such terms are defined in the Act) will be provided by PNC Capital Advisors, LLC, a wholly-owned subsidiary of PNC Bank and SEC registered investment adviser.

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