FMB Tool

Annual Financial Checkup

Get a clear snapshot of your financial health across cash flow, emergency reserves, debt, insurance, retirement, taxes, and other key priorities—all in one guided checkup.

Before You Begin

Complete your checkup one financial area at a time.

Select the answer that most closely reflects where things stand today. Use the tabs to move between sections. Your score is calculated inside your browser.

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Financial Readiness Area

Cash Reserves

Evaluate whether your household has accessible cash for unexpected expenses, income disruptions, and near-term needs.

Section 1 of 7

1.1 How many months of essential expenses are held in an accessible emergency fund? Exclude retirement accounts and long-term investments.

1.2 Could you access the reserve within a few days without borrowing, penalties, or selling volatile investments? Consider whether the funds are truly liquid.

1.3 Have you reviewed whether your reserve still fits your expenses, income stability, dependents, and household risks? Reserve needs may change after a move, job change, new dependent, or increase in fixed expenses.

Financial Readiness Area

Debt

Assess whether required payments are manageable and whether high-interest balances have a realistic payoff strategy.

Section 2 of 7

2.1 How would you describe your debt load relative to income and monthly cash flow? Consider required payments, interest costs, and flexibility.

2.2 Are all required debt payments current? Include mortgages, credit cards, loans, and lines of credit.

2.3 Do high-interest balances have a specific payoff strategy? A defined plan includes prioritized balances, monthly payments, and a realistic timeline.

Financial Readiness Area

Insurance

Review whether major household risks have appropriate coverage and whether policies still fit your circumstances.

Section 3 of 7

3.1 How complete is your core insurance coverage? Consider health, property, auto, disability, and life insurance where applicable.

3.2 When were policy limits, deductibles, and coverage needs last reviewed? Coverage may need adjustment after income, home, family, or employment changes.

3.3 Are policy beneficiaries and key coverage documents current and accessible? Beneficiary designations should reflect current family and estate-planning intentions.

Financial Readiness Area

Retirement

Evaluate contribution habits, retirement assumptions, and whether investments align with your time horizon.

Section 4 of 7

4.1 How consistently are you contributing toward retirement? Consider employer plans, individual accounts, and employer matching opportunities.

4.2 Have you estimated retirement income needs and whether current savings are on track? Consider timing, spending, taxes, inflation, and other income sources.

4.3 How confident are you that your investment allocation fits your goals, time horizon, and risk tolerance? Consider diversification, concentration risk, fees, and whether the allocation has been reviewed.

Financial Readiness Area

Taxes

Review whether tax obligations are monitored throughout the year and whether planning occurs before deadlines.

Section 5 of 7

5.1 When does meaningful tax planning usually occur? Many tax decisions must be made before year-end rather than when the return is filed.

5.2 How closely do withholding and estimated payments align with expected tax obligations? Consider bonuses, equity compensation, and business income.

5.3 Have available tax-advantaged accounts and planning opportunities been reviewed? Relevant options depend on income, employment, household structure, and applicable tax rules.

Financial Readiness Area

Estate Planning

Review whether legal documents, beneficiary designations, and decision-making authorities reflect your current wishes.

Section 6 of 7

6.1 What is the status of your will, trust, or other foundational estate documents? Needs vary based on family structure, assets, and state law.

6.2 Are beneficiary designations current across retirement, insurance, and transfer-on-death accounts? Beneficiary forms can control assets independently from a will.

6.3 Are financial and health-care decision-making documents in place if you become unable to act? Examples may include powers of attorney and health-care directives.

Financial Readiness Area

Other Priorities

Evaluate whether major goals, upcoming expenses, and household decisions are organized into a practical plan.

Section 7 of 7

7.1 How clearly are your major financial goals defined and prioritized? Consider timing, estimated cost, priority, and competing goals.

7.2 Are large expected expenses included in your financial plan? Examples include home repairs, vehicles, education, travel, family changes, or business investments.

7.3 How often do you review your overall financial position and coordinate decisions across categories? A coordinated review looks at cash flow, debt, taxes, investments, insurance, estate planning, and major goals.

Educational self-assessment only. This tool uses a simplified scoring framework based solely on the selected answers. It does not evaluate your complete financial circumstances and is not individualized financial, tax, legal, insurance, or investment advice.

Assumptions are visibleUse the estimate with the inputs, assumptions, tradeoffs, and limitations in view.

Tool / methodology version1.0

Annual Financial Checkup

Complete your checkup one financial area at a time.

Cash Reserves

Debt

Insurance

Retirement

Taxes

Estate Planning

Other Priorities

Unlock Your Results.

Your annual financial checkup

Category breakdown

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