Rating your fiscal fitness.

• Position: Finance

You exercise five days a week, watch your diet, get enough sleep every night, and have an annual physical exam. You pride yourself on being physically fit and taking good care of yourself. You want to be in shape to enjoy your retirement and later years of life.

What about your financial health? Do you spend as much time and care on your finances, especially planning for retirement? Financial professionals will remind you that retirement planning, like an exercise and workout routine, is an ongoing process. You start with a goal, monitor your progress, and make adjustments along the way to meet new goals and opportunities.

To gauge your fiscal fitness, take the test below from KeyCorp, a Cleveland-based financial services company, and see how you rate. Give yourself one point for each "yes" answer to each question. For a category with multiple questions, give yourself a point for each individual "yes" answer.

Start with a current inventory of your finances. This will help to identify those areas you may have overlooked and areas where you may need extra help. Your inventory should include:

Financial accounts. Do you have a complete list of your accounts and their balances--i.e. savings, checking, interest-bearing money market, mutual fund, brokerage, and certificate of deposit accounts?

Emergency funds. If you lose your job or suffer an illness, do you have at least three to six months of income available to you on short notice?

Documentation. Do you have a will and a durable power of attorney, for both your finances and medical care? Are these updated to reflect your current wishes? Does someone know where these documents are located?

Insurance. Have you planned for yourself and your loved ones in case of an emergency or unexpected disability? Life, health, disability, and homeowner insurance are the most important areas to start, and there are variations within each.

Education. If you have children, do you have a savings plan to finance their education? It's not just about college savings anymore. Many parents look to send their offspring to private schools as early as kindergarten.

Retirement plan. Do you know at what age you want to retire? This answer most significantly impacts what you need to save so that your retirement dreams become a reality. Many financial websites have calculators to help you determine the amount you will need to retire.

Financial planning. Do you currently have a financial plan? Do you have a financial advisor...