Values and Goals
(If planning to retire "joint," each please answer separately)
What are your three top financial goals?
What's important to you about money?
If we were sitting here 3 years from today, what would have to have happened for you to be happy with your progress? Financial? Non-financial?
Growing up, what did your parents / teachers / loved ones teach you about money? What are you teaching your children?
Excluding work, family (and sleep) how do you spend your time (2 or 3 top activities?) How would you like to (if different?) How might that change in retirement?
What are your questions about a financial planning process that follows the fiduciary standard? Have you ever been through it before?
Base salary / average annual income? How many more years? What percentage annual increase? Bonus?
Social Security - Pension - Alimony - Business income - Real Estate income - Annuity income - Trust income - Deferred Comp - etc.
Current monthly / annual living expenses
Mortgage - rent - taxes - food - entertainment - personal care - all repetitive expenses. I don't need a breakdown of these expenses. Just a total. But a reminder list is available if you want one.
Non-recurring / one-time expenses.
Remodeling - new roof - weddings - etc.
Estimated Retirement Expenses
What expenses disappear? What expenses are added - travel especially.
FMV - mortgage owed - number of years - interest rate - monthly payments - property taxes - ownership type (joint, individual, trust)
When might you sell your current home? Will you move locally or long distance?
Other real estate
FMV - mortgage owed - number of years - interest rate - monthly payments - property taxes - ownership - type (joint, individual, trust) - real estate income
type - ownership -amount -timing - guarantees - statement - contract
IRA - balance - future contributions - owner - traditional and / or Roth - 401(k) - 403(b) - other qualified - need statements all numbered pages
Pension - all details - amount - start date - beneficiary - spousal election choices or already made - COLA - Beneficiary Designation Forms
NQ - Taxable investments
Amounts - Owner - Future contributions - need statements all numbered pages
Credit Cards - Student Loans - Parent Loans - Other liabilities and debts - statements - schedules - monthly payments
Life insurance - Disability income insurance - Long-Term Care insurance - Umbrella / other property & casualty insurance - statements - contracts - payments - Beneficiary Designation Forms
Marriage certificate - Pre-Nup - Post-Nup - Divorce Decree - Insurance on an Ex - Alimony
Form 1040 - All schedules - Property Tax - State income tax - Gift tax - Business taxes
Balance Sheet - Profit & Loss - Shareholders' Agreement - Stock Options - Other future compensation
Wills - Trusts - Powers of Attorney - Durable - Health Care - Living Will
What does your will do (in your own plain English?)
What does your trust do (in your own plain English?)
What is your confidence level that your children / grandchildren / other heirs can competently manage their inheritance?r