Sunday, May 29th, 2022

Financial planning checkup

Financial planning checklist

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. ______________________________________________________