Free Financial Assessment

Annual Financial Checkup

Review the major areas of your financial life and identify what may deserve attention next. This guided assessment covers cash reserves, debt, insurance, retirement, taxes, estate planning, and your other financial priorities.

Start My Checkup Approximately 5–8 minutes

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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01

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.

02

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.

03

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.

04

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.

05

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.

06

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.

07

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.

Scoring Framework

Methodology

Each answer receives a simplified readiness value. Category scores are calculated first and then combined into an overall result.

Seven financial-readiness categories
Three questions within each category
Scores normalized to a 100-point scale
Lowest categories become suggested focus areas

Read the FMB Methodology

Important Limitations

Assumptions

The result is based only on the options selected and does not account for every financial detail, legal requirement, or household circumstance.

All categories are weighted equally
No account balances are collected
No state-specific legal analysis is performed
The score is educational, not a professional opinion

Review the FMB Disclaimer

Common Questions

Frequently Asked Questions

Are my answers saved?

The checkup is calculated in your browser. Individual question answers are not included in the email-gate form.

Is a higher score always better?

A higher score generally reflects stronger organization, review habits, and planning readiness. It does not guarantee better financial outcomes.

How often should I retake it?

Consider retaking the checkup annually or after a major life, income, family, employment, or financial change.

Does this replace professional advice?

No. The result is a general educational self-assessment and is not individualized financial, tax, legal, insurance, or investment advice.

Continue Your Review

Next Steps

Use the lowest-scoring areas as a starting point. Choose one practical action rather than attempting to change everything at once.

Estimate an appropriate emergency-fund target
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Read analysis related to your focus areas
Save or print your result for a future review

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Annual Financial Checkup

Complete your checkup one financial area at a time.

Cash Reserves

Debt

Insurance

Retirement

Taxes

Estate Planning

Other Priorities

Unlock your complete financial readiness result.

Where should we unlock your result?

Your annual financial checkup

Category breakdown

Suggested areas to review first

How This Checkup Works

Methodology

Assumptions

Frequently Asked Questions

Next Steps

Build a more specific emergency-fund target.

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Emergency Fund Target

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