When you’re not feeling well, you know that at some point, you should go to the doctor. But when trying to gauge our financial health, it is much more difficult. As financial advisors, we see people struggle with fear and anxiety about the future as they get closer to their retirement goal. To counteract these feelings, Strategence is excited to bring to you a tool that will give you a quick indication on where you stand financially. FIST® stands for Financial Stability. This tool not only considers your current debt situation but also takes into account your retirement savings, life insurance, and your emergency savings. Stability in each of these areas is necessary for long-term financial security and the peace of mind it brings to you and your loved ones.
In addition to FIST® scoring your stability in each of the four areas (debt, retirement savings, life insurance and emergency fund), it also gives you a composite financial stability score on a scale of 0-100. With FIST®, YOU are in the driver’s seat of your financial decisions! Calculate your FIST® Score now by answering the questions that follow.