I paid for a full financial review and it showed me a big blind spot

It cost about $600 and the planner spent two hours going over everything with me. He pointed out I had way too much cash sitting in my checking account, nearly $25,000, doing nothing. He said I could move most of that into a high-yield account and set up a simple bond ladder with some of it. Has anyone else had a pro look at their setup and find something obvious they missed?

2 comments

2 Comments

adams823d agoMost Upvoted

Check your insurance deductibles and coverage limits while you're at it. My planner showed my home insurance wouldn't even cover a full rebuild at current costs. That cash buffer felt smart until I saw I was underinsured by almost a hundred grand.

danielm153d ago

Yeah that "underinsured by almost a hundred grand" hits home. I had the same scare last year. Got my policy updated for replacement cost and added an extra chunk for building materials going up.