Financial planning checkup

Financial planning checklist

Print and use this list to find out if your financial plan is comprehensive.

1. I have a comprehensive written financial plan which has been fully implemented

2. My financial plan is monitored and reviewed

3. Based on a needs analysis I have appropriate life and disability insurance

4. I have an annual income tax plan

5. I know the tax rate on my next dollar of income

6. My plan accounts for inflation of 2% to 3%

7. I have a plan to double my retirement income every twenty years (after I retire)

8. I know my projected pension benefit and the inflation adjustment clauses in my pension plan

9. Each one of my investments is capable of generating my required long term rate of return

10. I understand the nature of my investments

11. I have a carefully planned will which may reduce taxes on my heirs’ assets long after I am gone.

12. I have high quality health care and property powers of attorney

My score is ____ out of 12

My Top 3 priorities:

1. ______________________________________________________

2. ______________________________________________________

3. ______________________________________________________