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Size Up Your Situation

RulerUse these questions to help you start thinking about investments — even if you don’t have any just yet. Use the Investing Plan Worksheet to get you started.

  1. How much do you have available to invest on a monthly basis? Be honest with your budget at this point in time. You can make adjustments to it later, but what could you set aside right now toward investing?
  2. Consider any current investments or savings you have. Are they earning enough for you to keep up with the current inflation rate? (Find information about inflation rates here.)
  3. What types of income investments do you currently have? Do you know the actual return on these investments?
  4. What growth investments are in your portfolio? How well are they performing? 
  5. Do you have retirement plans that you can invest in at work? Are you invested in them currently? What returns are you getting from them? Are you maxing out on matching contributions (if available) from your employer?

With the answers to those questions in mind, think about your level of satisfaction with your answers and then ask yourself:

  • How comfortable am I with my investments so far? Is there something else I could be doing to make a change in my investment strategy? Am I comfortable enough to make an investment change?
  • What else could I be doing with my money? Are my retirement goals supported by my current investment strategies? Am I giving up something by continuing with my current investment strategy? If so, what is it?
  • What’s holding me back from making an investment change? What other information do I need? 
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