Nest Egg Score from A G Edwards
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Though full-service brokers charge a lot for their services, they do a good job of marketing their product and educating their potential clients about their financial needs. Before you start planning the future it is important to understand where you stand now. A.G.Edwards has a simple quiz that will give you an idea of your nest egg.
My results were “excellent” which means I’m “done an outstanding job of building your nest egg up to this point in your life”. I always look at what is the max score I can get. On this scale the max is 850. I scored well, but I’m still disappointed I didn’t score higher. My guess is I’d need a much higher income to reach the 800’s.
The results give you an idea of where you stand relative to the National Score and also provides some tips on how to improve your financial situation.
Here are a few canned suggestions I was given:
1. Continue to manage debt. .
2. Maximize your retirement contributions.
3. Consider your other financial goals.
4. Review your investment mix.
5. Create or review your estate plan.
The tips to further improve are quite generic, but are good in general. Each tips has more detail and usually recommends talking to a financial advisor or using some other A.G.Edwards tool. Not surprising since the goal is to get new clients.
Try it out and see where you stand. There are 14 questions and takes a few minutes to complete.
