Introduction
Your current and prior status:
- One Individual: If you are one individual ... never married .,.. Retirement Income Planning is complex and important. (Unless you are already so financially comfortable that Estate Planning is your primary concern. If so, let's talk. But not here.)
- Couple (Current or former): If you are currently part of a couple ... or even if you were married but are no longer ... Retirement Income Planning might be an order of magnitude ... 10X ... more complex ... and more important to get right!
Real Life vs. ideal planning:
As I have actually said a few times, if I were the Grand Poo-Bah of all things financial ... including the ability to legislate, some critical portions of this planning would be different. As it stands, there are certain parts of this planning that are ... in my opinion ... unfair and morally wrong. But it is my work to do the best I can for clients with the resources that are available ... including some of these unfair items.
Retirement Planning Questionnaire
- Each spouse / partner should complete a separate questionnaire
- For best results, please answer each item.
- Answer "0" or "NA" or "none" as appropriate
- Please answer only for yourself ... except ...
- Please indicate joint property or joint guaranteed lifetime income
Your name___________________________________________
Your spouse / partner's name____________________________
Civil Status__________________________________________
(e.g. Married; Civil Union; Divorced; Widowed; Separated; Other)
Cell phone___________________________________________
Personal email________________________________________
State of legal residence_________________________________
Biggest Concerns
1.___________________________________
2.___________________________________
Work status__________________________________________
Retired; Full-time employee; Independent contractor; part-time; etc.
Earned Income_______________________________________
(from work only ... other income should be indicated elsewhere)
Retirement status______________________________________
Date retired; Future retirement date projected, etc.
Social Security $_________________Date started or projected________________
Spousal Social Security $______________ Date started or projected___________
Pension $_________________COLA_________
Actual or projected start date _________________
Spousal pension benefit: $ or %___________ Start date___________
Qualified retirement plan (e.g. 401-k) Description____________________
Current Balance $_________________ Contribution $__________________
Frequency e.g. monthly / pay period / etc.___________________________
Real Estate: Primary Residence: Ownership_____________________
(Individual, JTWROS, Other)
Estimated current market value $_______________________________________
Mortgage balance owed $_____________ Monthly Payment_________________
Interest rate %______________ Pay Off Date_____________________________
IRA #1: Balance $_________________ Location________________________
e.g. Bank, Brokerage, Annuities etc.
IRA #2: Balance $_____________________ Location________________
e.g. Bank, Brokerage, Annuities, etc.
Investment account #1: (non-IRA)
Balance $ _________________ Location_________________
e.g. Bank, Brokerage, Annuities, etc.
Investment account #2: (non-IRA)
Balance $ _________________ Location_________________
e.g. Bank, Brokerage, Annuities, etc.
Cash in Banks / CDs / Money Markets: Balances (total)$____________________
Real Estate #2: Description / Location___________________________________
Ownership_________________________________________
(Individual, JTWROS, Other)
Estimated current value $______________ Mortgage balance owed $___________
Monthly Payment $________________Interest rate %__________
Pay Off Date_____________
Life Insurance
Is there any Life Insurance on your life? Face Amount: $_______________________
Beneficiary________________________ Owner____________________________
Cash Value $________________________ Premium Payment $_______________
Date premium payments end____________________________________________
Are you the beneficiary of any Life Insurance? Face Amount: $_______________
Owner: _____________________ Cash Value $_________________________
Premium Payment $_______________Date premium payments end____________
Potential future Inheritance $_________________________________________
Are you the beneficiary of any Trusts? _____Lump Sum $_________________
Income $________________________ Duration __________________________
Trustee: ___________________________________________________________
Do you / will you receive any other income streams $______________
Ending date __________Description: ________________________________
(e.g. structured settlement, lottery, etc.)