3 Things to Do This Month to Help Keep Your Financial Life on Track This Year – (July) Scott Weiss is a fee-only Certified Financial Planner. Check out the 8 steps to organizing and optimizing your financial life: http://bit.ly/OrganizeAndOptimize. In this video, you'll learn how to check if your retirement plan is working, how much you should be saving in your 401(k) or 403(b) plan, and how to know when you need to make changes to your investment strategy.

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Learn more about working with Scott at Weiss Financial Group here:
http://www.weiss-financial.com

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Notes on the video:
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#1 Run a retirement plan projection
Do a retirement plan projection so you know where you are and what you need to do to get closer to YOUR goals. You should do this once a year to see if you are headed in the right direction. Use my free retirement checkup wizard here to get a general idea of where you stand relative to your retirement plans: http://bit.ly/RetirementCheckUp. If you want a more in-depth calculation, you should work with a certified financial planner. They will have access to more sophisticated software and will look at your entire financial life. If you work with a certified financial planner, you will want to review their projections at your annual review to account for changes in your financial life.

#2 Increase your 401(k) contributions
For most people, setting a goal to maximize contributions to their 401(k) or 403(b) plan should be key. If you are saving in a 401(k) or 403(b) plan and are not already on track to maximize your contributions, increase your contributions by 1%. Reassess in 6 months and increase your contributions by another 1% until you reach the maximum.

#3 Review your investment strategy
Have there been any changes in the last 6 months that would require you to make changes? Births? Deaths? New goals? If so, review your plan or talk to your certified financial planner to help you make wise choices.

Sources:
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1. http://www.learnvest.com/knowledge-center/your-january-2016-financial-to-dos/
2. http://money.usnews.com/money/personal-finance/articles/2014/12/02/your-end-of-year-financial-checklist
3. http://www.forbes.com/sites/learnvest/2013/01/04/your-financial-to-dos-for-every-month-in-2013/#14fe6d3d41d4

Disclosure:
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Weiss Financial Group is a licensed investment advisor. The information presented is for educational purposes only and does not constitute an offer or solicitation to sell or buy any specific product, service or investment strategy. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to consult with a qualified financial advisor, tax professional or attorney before implementing any strategy or recommendation discussed herein. Insurance products and services are offered through individually designated and licensed agents in all applicable jurisdictions. Weiss Financial Group advisors are not attorneys at a law firm but may provide advice to the client's other professionals.

Leave me a comment to ask any questions or contact me through my website if you would like to see if I can help you.

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