Financial planning checkup
Financial planning checklist
Print and use this list to find out if your financial plan is comprehensive.
1. I have a written financial plan which has been implemented
2. My financial plan is monitored and reviewed
3. Based on a needs analysis I have appropriate life and disability insurance
4. I am well informed about my tax return
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 to thirty years (after I retire)
8. I know my projected pension benefit and the inflation adjustment clauses in my pension plan
9. My investments are 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.
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. ______________________________________________________