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Building Wealth: Organize and Protect Your Wealth

As you build wealth, it’s important to have a plan in place to protect what you’ve saved. Your plan should include the following:

Emergency fund
At this stage, you should have enough cash to cover at least six months of expenses without having to tap into retirement savings, or investments that are subject to market fluctuation.

Regularly review your health, homeowners, and auto insurance policies so that you have the adequate coverage to protect your family and your retirement savings in case of the unexpected. Consider life insurance to protect those who rely upon your income. Learn more about Life Insurance Planning.

Estate planning
Having a current will is a critical first step in the estate planning process. Make sure that you have a financial plan in place to provide for your loved ones. Learn more about Estate Planning.

As important as having a will, designating beneficiaries for your accounts ensures that your account assets are inherited according to your wishes.

Next steps

Life Insurance Calculators & Tools
Use these tools to help decide how much life insurance you may need and the potential costs.

Portfolio Review
Identify a target asset mix that aligns with your goals, then easily implement changes online.

Portfolio Review is an educational tool.
Fidelity Investments Term Life Insurance (Policy Form Nos. FTL-96200, et al. and FTL-99200, et al.) is issued by Fidelity Investments Life Insurance Company, and in New York, Empire Fidelity Investments Term Life Insurance (Policy Form No. EFTL-99200, et al.) is issued by Empire Fidelity Investments Life Insurance Company®, New York, NY. Fidelity Insurance Agency, Inc., is the distributor. The policy's financial guarantees are solely the responsibility of the issuing insurance company.
Fidelity does not provide legal or tax advice. The information herein is general in nature and should not be considered legal or tax advice. Consult an attorney or tax professional regarding your specific situation.
Guidance provided by Fidelity through Portfolio Review is educational in nature, is not individualized, and is not intended to serve as the primary basis for your investment or tax-planning decisions.
Keep in mind that investing involves risk. The value of your investment will fluctuate over time and you may gain or lose money.