What should you do before you complete your net worth statement?(1 point) Responses Redistribute the investments in your retirement account. Redistribute the investments in your retirement account. Decide what, if anything, you are going to leave to your children in your will. Decide what, if anything, you are going to leave to your children in your will. Complete your income statement. Complete your income statement. Determine or estimate the current value of everything you own. Determine or estimate the current value of everything you own.

1 answer

Before you complete your net worth statement, the most appropriate action is to determine or estimate the current value of everything you own. This valuation is essential as it forms the basis for accurately calculating your net worth, which is the difference between your assets and liabilities.