This questionnaire takes about 5-10 minutes and provides insight into your tolerance for risk in investing and your objectives, such as intended timelines and goals. You cannot fail this test because there are no right or wrong answers. This can be completed individually or with your spouse.
This knowledge is key to developing a well-designed investment plan that will help you meet your financial goals, but know that this is just one of many important factors that contribute to determining your asset allocation and investment strategy.