1LIFE MASTERY FINANCIAL PLAN. This is the foundation of what we teach and we are excited you are here!

Size: px
Start display at page:

Download "1LIFE MASTERY FINANCIAL PLAN. This is the foundation of what we teach and we are excited you are here!"

Transcription

1

2 1LIFE MASTERY FINANCIAL PLAN Welcome to 1Life Mastery Financial Planning! This is the foundation of what we teach and we are excited you are here! We believe every successful aspect of your life requires planning, whether it is planning a weekend, a year long home improvement project, or your future. Planning your financial future is one of the most important things you will ever do. Being financially secure is one of the best feelings in the world, and will give you and your loved ones the peace of mind that you will never have while living paycheck to paycheck. It isn t even that difficult. Really. Simply recognizing where your money goes, and implementing a little daily discipline in your spending, can help you begin to build a nest egg that can change your life. When your decisions aren t based on financial necessity, you will find greater freedom and satisfaction in your life, and will ultimately be able to do the things that matter most to you. Financial planning should not be taken lightly; there are many aspects to consider as you will see in this section of the 1Life Mastery course. You need to take into account short and long-term goals, and if you are married or have a significant other, there are many areas to discuss in order to avoid unpleasant financial surprises. While achieving your financial goals may seem over-whelming at times, don t give up. Stay the course. Take it one step at a time while following the online instructions, and reach out to our online community if you have questions or need encouragement along the way. Be persistent and focused and you will master your finances and achieve 1Life Fully Lived! 1 Visit to access complete 1Life Mastery course instructions and other related materials

3 FINANCIAL SNAPSHOT The two parts in this exercise are determining your Net Worth, and conducting an Income and Expense Analysis. Note: A net worth statement is a snapshot of the current value of your financial holdings. Keep in mind that the market value of your assets can change as many homeowners have found out in the current mortgage crisis. That s why you should update your net worth statement at least annually. When you do one, be sure to date it. Compare each subsequent net worth statement to the previous one(s). To calculate your net worth, basically you add your assets and subtract your liabilities. Complete pages 2-6 to determine your net worth. Date: PERSONAL PROPERTY List the current value for each of the following. Type Details Market Value Loan Balance Automobile: Automobile: Boat: Collectibles: Art and antiques: Electronics: Jewelry: TOTAL Visit to access complete 1Life Mastery course instructions and other related materials 2

4 REAL ESTATE List the current value for each of the following. Type Cost (in dollars) Market Value (in dollars) Loan Balance (in dollars) Monthly Payment (in dollars) Primary residence: Vacation home: Rental property: TOTAL TAXABLE ASSETS List the current value for each of the following. Account/ You Spouse Joint Investment Cash on hand: Checking Account: Savings Account: CDs: Money market: Life insurance - cash surrender value: Stocks: 3 Visit to access complete 1Life Mastery course instructions and other related materials

5 TAXABLE ASSETS (continued) Mutual funds: Closely held business interests Limited partnership interests TOTAL RETIREMENT ACCOUNTS List the current value for each of the following. Account You Spouse IRA s: 401(k)/403(b): Pension plan: Profit-sharing plan: Stock options: Deferred compensation: TOTAL Visit to access complete 1Life Mastery course instructions and other related materials 4

6 LIABILITIES List the current balance for each of the following. Ownership Type (You, spouse, or joint) Alimony/child support: Balance Due Additional Bank loans not previously listed: Credit cards: Home equity loan or line of credit not previously listed: Installment loan not previously listed: Insurance policy loan: Investment debt (margin): Personal loan not previously listed: Retirement plan loan: Student loans: Total Total Personal Property Loan Balances (pg.2) Total Real Estate Loan Balances (pg. 3) TOTAL LIABILITIES 5 Visit to access complete 1Life Mastery course instructions and other related materials

7 NET WORTH STATEMENT Date: Assets Total Personal Property: Market Value (pg.2)!!!!!! $ Total Real Estate: Market Value (pg.3)!!!!!!! $ Total Taxable Assets (pgs.3-4)!!!!!!!! $ Total Retirement Accounts (pg.4)!!!!!!! $ Other Assets!!!!!!!!!! $!!!!! Total Assets!!! $ Liabilities Total Liabilities (pg.5)!!!!!!!! $ Delinquent Taxes!!!!!!!!! $ Other Liabilities!!!!!!!!! $! Total Liabilities!! $ Total Assets!!!!!!! $ Minus Total Liabilities!!!!!! - $ NET WORTH!!!!!!!! $ Visit to access complete 1Life Mastery course instructions and other related materials 6

8 INCOME and EXPENSE Analysis Note: An income and expense analysis helps determine your cash flow, and it s often used for budget purposes. Complete pages 8-10 as applicable. Some simple do s and don ts before you get started! Don't Start in a month with unusual expenditures (like a large amount of gifts in December). Fail to allow for unforeseen events. Make your emergency fund too accessible. Make yourself miserable. Get discouraged and give up if you fail at first. Ignore a problem when you see that you're spending too much in one category. Feel restricted by your budget. Wait until the end of the month to track your expenses. Be oblivious to how much money you're spending. Do Pick a more "normal" month that will set a good model for the rest of the year. Set aside an emergency fund to use when the unexpected happens. Put it in a separate money market fund that earns interest. Allow for "blow" money or another category that accounts for impulse buys. Tweak your categories and amounts and try again the next month. Find ways to save where you can. Remind yourself of your goals and reward yourself by spending money on things you've saved for. Keep up with your totals as you go so you won't overspend. Consider using cash only to assist you with sticking to your budget. 7 Visit to access complete 1Life Mastery course instructions and other related materials

9 INCOME List the following sources of NET income. For each category, combine your amount with your spouse, if appropriate. Net Salary Type Monthly Annually Net Bonuses Net Commissions Self-employment income Dividends Interest taxable Interest tax-free Rental income (net) Annuities Alimony Trusts Child support Estates Gifts Retirement accounts Sale of property/investments Social Security payments Total Net Income Visit to access complete 1Life Mastery course instructions and other related materials 8

10 EXPENDITURES List the following current estimated expenditures. Type Monthly Annually Fixed Expenses Rent/Mortgage (No more than 28% of total expenses) Rental Property Expenses Car Payment (No more than 20% including insurance) Car Insurance Medical Insurance Renters / Homeowners Insurance Life Insurance Long Term Care Insurance Property Taxes Loans Childcare Alimony Variable Expenses Electricity/Gas Water/Sewer Garbage Cell/Landline Cable/Satellite/Internet Groceries (no more than 16%) Car Repairs/Maintenance Gasoline Credit Card Payments Gifts Home improvement/repair/maintenance Medical Expenses Total Fixed Expenses Total Variable Expenses Discretionary Expenses Books, Magazines, CD's Personal Grooming/Clothing Movies/Rentals 9 Visit to access complete 1Life Mastery course instructions and other related materials

11 Concerts/Sporting Events Vacations Eating Out Total Discretionary Expenses Total Fixed Expenses Total Variable Expenses Total Discretionary Expenses TOTAL TOTAL NET INCOME Budget Surplus or Deficit Monthly Annually 1. Did you end up with a surplus or deficit? 2. Are you able to stay within the safe percentage ranges on your budget? 3. What budget category (savings, fixed, variable, discretionary) was the largest? Were you surprised by this? 4. Can you maintain a comfortable standard of living based on your estimated income level? If not, where can you adjust your expenses to live within your means? Visit to access complete 1Life Mastery course instructions and other related materials 10

12 FINANCIAL PLAN Note: This important exercise consists of a thorough examination of everything you need to consider while creating your Financial Plan. Complete pages as applicable. Then create your final plan on pages FINANCIAL OBJECTIVES Indicate which of the following objectives are important for your family. Objective Saving for education (yourself, children, grandchildren, etc.) Saving for retirement Important to Me? (yes/no) Important to Spouse? (yes/no) Being able to retire early (age 55 or earlier) Minimizing income taxes Minimizing estate taxes Providing support for an aging parent/relative Improving investment returns Improving insurance coverage Supporting a favorite charity Planning for your estate Improving your standard of living Changing or improving your employment situation 11 Visit to access complete 1Life Mastery course instructions and other related materials

13 What is your current credit rating? CREDIT RATING You Spouse Date you last pulled a copy of your credit report? Which company was it from? Have you ever filed for bankruptcy? Do you intend to send your children to college? Will this be a public or private institution or some combination? Do you anticipate the need for financial aid? EDUCATION PLANNING What savings, if any, have you already made for college expenses? Is borrowing for college (student loans) an acceptable option? Do you expect your children to pay for part or all of their college educations? Who prepares your tax returns? TAX PLANNING What is your marginal federal tax bracket? Do you have adequate documentation to support your returns in the event of an audit? Do you expect to be in a higher or lower tax bracket in retirement? Do you normally receive a federal tax refund each year? Are you taking advantage of all of the tax benefits available through your employer? Visit to access complete 1Life Mastery course instructions and other related materials 12

14 RETIREMENT PLANNING Question You Spouse At what age do you plan to retire? Where will you retire? Have you made an estimate of income needed for retirement? (If so, list estimated annual amount in today s dollars.) Are you eligible for Social Security? (If so, list estimated annual amount.) What savings, if any, have you already made for retirement expenses? Are you taking maximum advantage of your employer s savings plans? How many years do you anticipate living in retirement? What preparations, if any, have you made for long-term healthcare needs? Do you expect to receive any inheritances? Do you have a current will? ESTATE PLANNING Document You Spouse Do you have a letter of instruction to assist your executor in administering your estate? Have you discussed your inheritance plan with your adult children and other potential heirs? Do you have a guardian for your children? Do you have a living will? Do you have a healthcare power of attorney? Do you have any trusts established? Do you wish to make charitable bequests at your death? Have you made known (or communicated) to others your preferences for funeral arrangements? 13 Visit to access complete 1Life Mastery course instructions and other related materials

15 FINANCIAL GOALS List all of your financial goals and a timeframe for when you need to implement them. Family Goals Sense of Urgency (immediate, 3 to 12 months, 1 year, 5 years, or later) Estimated Financial Expense Your Individual Goals Spouse s Individual Goals Visit to access complete 1Life Mastery course instructions and other related materials 14

16 MY 1 YEAR FINANCIAL PLAN Date: FINANCIAL CRITIQUE OF PAST YEAR Successes! Areas for Improvement ! ANALYSIS OF INCOME AND EXPENSES Annual Income: Annual Expenses: Past 12 Months Annual Income: Annual Expenses: Next 12 Months Surplus or Deficit: Surplus: 15 Visit to access complete 1Life Mastery course instructions and other related materials

17 SAVINGS AND RETIREMENT WORKSHEET Time Frame Goal Total Cost Existing Savings For Goal Savings Needed to Reach Goal Plan to Achieve Goal Visit to access complete 1Life Mastery course instructions and other related materials 16

18 THE VALUES CIRCLE CREATE YOUR OWN VALUES CIRCLE The circle lays out what top five values are most important and what drives the decisions you make everyday. Don t confuse goals for values. Wanting to be rich is a goal but wanting security would be the value. Hint: Review the values assessment results from page 2 in your 1Life Mastery Life Plan. 17 Visit to access complete 1Life Mastery course instructions and other related materials

19 MY LONG TERM FINANCIAL PLAN Value Time Frame Goal Total Cost Existing Savings For Goal Savings Needed to Reach Goal Plan to Achieve Goal Visit to access complete 1Life Mastery course instructions and other related materials 18

20 Congratulations! You have finished our 1Life Mastery Program! We hope you have profited from the journey, emotionally, physically, mentally, and financially! Rest assured, if you continue to work your plan, there is no way you cannot succeed. You truly can do anything you put your mind, and heart, to! May you be a lifelong learner and enjoy all the best life has to offer while living your life full out, achieving your dreams, and helping others along the same journey. We would like to ask you three things: 1. Please forward the link for the course to someone you know will benefit! 2. Please post in our online community and let us know how you are! 3. Please drop us a line and let us know what you think of the program, and how we can improve it. Thank you, Your 1Life Fully Lived Team 19 Visit to access complete 1Life Mastery course instructions and other related materials

Your Guide to Life Insurance for Families

Your Guide to Life Insurance for Families Your Guide to Life Insurance for Families (800) 827-9990 HealthMarkets.com Your Guide to Life Insurance for Families Contents Does My Family Need Life Insurance? 4 Types of Life Insurance for Families

More information

Personal Financial Planning Questionnaire

Personal Financial Planning Questionnaire SPECTRUM Spectrum Financial Resources, Inc. FINANCIAL 15021 Ventura Boulevard #341 818.306.2010 T RESOURCES Sherman Oaks, CA 91403 805.267.4134 F www.spectrum-cpa.com Personal Financial Planning Questionnaire

More information

STAYING ON COURSE. Separation, divorce and your finances

STAYING ON COURSE. Separation, divorce and your finances STAYING ON COURSE Separation, divorce and your finances This guidebook provides ideas and suggestions to help you stay on course during separation and divorce. While it is designed as a comprehensive resource,

More information

Personal Financial Planning Questionnaire

Personal Financial Planning Questionnaire Part I: Personal and Family Information 1. Your General Information Your Full Name Your Date of Birth Your Place of Birth Your State of Residency s Full Name s Date of Birth s Place of Birth s State of

More information

Your Retirement Lifestyle Workbook

Your Retirement Lifestyle Workbook Your Retirement Lifestyle Workbook Purpose of This Workbook and Helpful Checklist This lifestyle workbook is designed to help you collect and organize the information needed to develop your Retirement

More information

Your Retirement Lifestyle WORKBOOK

Your Retirement Lifestyle WORKBOOK Your Retirement Lifestyle WORKBOOK Purpose of This Workbook and Helpful Checklist This workbook is designed to help you collect and organize the information needed to develop your Retirement Plan which

More information

Budgets and Cash Flows

Budgets and Cash Flows Select Portfolio Management, Inc 26800 Aliso Viejo Parkway Suite 150 Aliso Viejo, CA 92656 949-975-7900 800-445-9822 info@selectportfolio.com www.selectportfolio.com Budgets and Cash Flows Page 1 of 9,

More information

Worksheet Your Current Investment

Worksheet Your Current Investment Worksheet Your Current Investment Your Current Investment Worksheet Your Current Investment Worksheet How you are invested today checklist Your investment strategy will help determine your ability to reach

More information

A free publication provided by. Consolidated Credit Counseling Services, Inc.TM

A free publication provided by. Consolidated Credit Counseling Services, Inc.TM Consolidated Credit Counseling Services, Inc. 5701 W. Sunrise Blvd., Fort Lauderdale, FL 33313 1-800-SAVE-ME-2 1-800-728-3632 www.consolidatedcredit.org A free publication provided by Consolidated Credit

More information

Seminar One Goal Setting and Financial Planning (for everyone) This seminar is designed to explore BASIC money management concepts.

Seminar One Goal Setting and Financial Planning (for everyone) This seminar is designed to explore BASIC money management concepts. Seminar One Goal Setting and Financial Planning (for everyone) This seminar is designed to explore BASIC money management concepts. Participants will review fundamental money management tasks such as creating

More information

Creating Your. Plan for Living /15/12

Creating Your. Plan for Living /15/12 Creating Your Plan for Living 4947 05/5/ What is a Plan for Living? You ve been saving for retirement for many years. Now s the time to create a plan designed to make sure those hard-earned savings can

More information

SAMPLE DISTRIBUTION NOT FOR PERSONAL AND FINANCIAL ORGANIZER FOR YOUR LIVING TRUST GENERAL INFORMATION ABOUT YOUR CHILDREN

SAMPLE DISTRIBUTION NOT FOR PERSONAL AND FINANCIAL ORGANIZER FOR YOUR LIVING TRUST GENERAL INFORMATION ABOUT YOUR CHILDREN 1 PERSONAL AND FINANCIAL ORGANIZER FOR YOUR LIVING TRUST GENERAL INFORMATION Marital Status: Married Single Divorced Widowed Home Date E-mail : r Legal Name Spouse s Legal Name Street City State ZIP County

More information

15 COMMON REASONS TO DO ESTATE PLANNING

15 COMMON REASONS TO DO ESTATE PLANNING 15 COMMON REASONS TO DO ESTATE PLANNING AMERICAN ACADEMY OF ESTATE PLANNING ATTORNEYS, INC. 15 Common Reasons to Do Estate Planning 1 WHY CREATE AN ESTATE PLAN? You don t have to be a millionaire to benefit

More information

Well Being, Well Done

Well Being, Well Done Well Being, Well Done A Project of the Sudden Money Institute Well Being: A profound state of being found at the intersection of Life and Money. You can have it before you have accumulated large amounts

More information

MEDICAID PLANNING. The facts... Assets in a revocable living trust are not protected and must be used to pay for the costs of long-term care.

MEDICAID PLANNING. The facts... Assets in a revocable living trust are not protected and must be used to pay for the costs of long-term care. MEDICAID PLANNING Assets in a revocable living trust are not protected and must be used to pay for the costs of long-term care. If you are married, your home is exempt and cannot be taken when applying

More information

DO NOT PRINT DO NOT PRINT

DO NOT PRINT DO NOT PRINT FINANCIAL WORKBOOK CLIENT PROFILE PERSONAL DETAILS CLIENT #1 CLIENT #2 Name Birthdate Age Home Address City, State, Zip Primary Residence? YES n NO n YES n NO n Home Phone Cell Phone Personal Email Anniversary

More information

ALL ABOUT INVESTING. Here is Dave s investing philosophy:

ALL ABOUT INVESTING. Here is Dave s investing philosophy: ALL ABOUT INVESTING Knowing how to deal with debt is easy pay it off! Investing, however, isn t quite so simple. Most people have questions about when and how to invest their money, so here s an inside

More information

Financial Snapshot. Prepared for: Sample. Prepared By: Kevin Imhoff Date: 11/15/16.

Financial Snapshot. Prepared for: Sample. Prepared By: Kevin Imhoff Date: 11/15/16. Financial Snapshot Prepared for: Sample Prepared By: Kevin Imhoff Date: 11/15/16 Michigan Branch 4112 W. St. Joe Hwy, Suite C Lansing, Michigan 48917 T 517-886-0040 F 517-886-0804 E Kevin.Imhoff@BlueDFS.com

More information

Vanguard Financial Education Series ESTate planning. How to create an estate plan that will help your family

Vanguard Financial Education Series ESTate planning. How to create an estate plan that will help your family Vanguard Financial Education Series ESTate planning How to create an estate plan that will help your family People don t like to think about their own demise. Perhaps that s why most Americans lack a will.

More information

A GUIDE TO WILLS AND ESTATE PLANNING

A GUIDE TO WILLS AND ESTATE PLANNING A GUIDE TO WILLS AND ESTATE PLANNING UNITED CHURCH FUNDS WILLS EVERYONE NEEDS A WILL WHY HAVE A WILL? A Will is a critical component of your estate planning. You need a Will, regardless of the size of

More information

developed by the National Association of Variable Annuities (NAVA) and the International Foundation for Retirement Education (InFRE) V.5 rev

developed by the National Association of Variable Annuities (NAVA) and the International Foundation for Retirement Education (InFRE) V.5 rev Managing Retirement Income Planning Worksheet developed by the National Association of Variable Annuities (NAVA) and the International Foundation for Retirement Education (InFRE) V.5 rev 10.03.06 Managing

More information

For many years we were happy to spend too freely, borrow too much and

For many years we were happy to spend too freely, borrow too much and For many years we were happy to spend too freely, borrow too much and hand our money over to someone else to manage, hoping to ride a market that always went up. Well, times have changed and today building

More information

Staying on Course. Separation, divorce and your finances

Staying on Course. Separation, divorce and your finances Staying on Course Separation, divorce and your finances This guidebook provides ideas and suggestions to help you stay on course during separation and divorce. The information is not intended to provide

More information

Married? Husband's name Wife's name Mailing Address:

Married? Husband's name Wife's name Mailing Address: DATE COMPLETED: Date of Birth U.S. Citizen? Married? Husband's name Wife's name Mailing Address: email address Date and place of marriage Children Child's Date of Birth Married? Grandchildren Parent Grandchild's

More information

Managing Your Money NET WORTH CASH FLOW CREATING A BUDGET

Managing Your Money NET WORTH CASH FLOW CREATING A BUDGET MONEY What You Should Know About... Managing Your Money NET WORTH CASH FLOW CREATING A BUDGET YourMoneyCounts You probably realize that managing your money is a good idea, but you might also figure if

More information

Estate and Legacy Planning

Estate and Legacy Planning Estate and Legacy Planning Contents Estate Planning 101... 1 Who Needs Estate Planning?... 2 The Tools of Estate Planning... 3 The Problem with Probate... 4 Reducing the Bite of Taxes... 5 Other Planning

More information

FINANCIAL PLANNING AND GOAL SET TING

FINANCIAL PLANNING AND GOAL SET TING FINANCIAL PLANNING AND GOAL SET TING OUR PURPOSE The purpose of The USAA Educational Foundation is to lead and inspire actions that improve financial readiness for the military and local community. TABLE

More information

Principal Funds. Women and Wealth. Invest in yourself. You deserve it. A step-by-step guide to help you achieve your financial goals.

Principal Funds. Women and Wealth. Invest in yourself. You deserve it. A step-by-step guide to help you achieve your financial goals. Principal Funds Women and Wealth Invest in yourself. You deserve it. A step-by-step guide to help you achieve your financial goals. Take Time for You As a woman, you probably have a lot of responsibilities.

More information

2017 DollarWise Summer Youth Contest Final Quiz Study Guide

2017 DollarWise Summer Youth Contest Final Quiz Study Guide 2017 DollarWise Summer Youth Contest Final Quiz Study Guide The DollarWise Summer Youth Contest Final Exam questions are designed to test your full knowledge of the information provided in the contest.

More information

GETTING THE MOST OUT OF YOUR LIFE INSURANCE

GETTING THE MOST OUT OF YOUR LIFE INSURANCE GETTING THE MOST OUT OF YOUR LIFE INSURANCE The Irrevocable Life Insurance Trust AMERICAN ACADEMY OF ESTATE PLANNING ATTORNEYS, INC. Getting The Most Out Of Your Life Insurance 1 If you own life insurance,

More information

Focus on. Retirement. Planning. Michele Burkholder & Alexandra Burkholder A3CM E2

Focus on. Retirement. Planning. Michele Burkholder & Alexandra Burkholder A3CM E2 Focus on Retirement Planning Michele Burkholder & Alexandra Burkholder A3CM-1223-05E2 Agenda: Focus on Retirement Planning Countdown to Retirement Common Myths Diversification A Solid Plan 2 Countdown

More information

Your financial plan workbook

Your financial plan workbook Your financial plan workbook Purpose of this workbook This workbook is designed to help you collect and organize the information needed to develop your Financial Plan, and will include your goals and

More information

Take Charge! Your Estate Planning Guide and Organizer

Take Charge! Your Estate Planning Guide and Organizer Take Charge! Your Estate Planning Guide and Organizer Table of Contents Introduction...3 Key Elements of an Estate Plan...5 Steps to Having an Estate Plan...7 Consider Your Charitable Legacy...9 Essential

More information

Retirement Strategies for Women RETIREMENT

Retirement Strategies for Women RETIREMENT Retirement Strategies for Women RETIREMENT Contents Retirement Facts for Women... 1 Planning for Retirement...3 Financial Net Worth...4 Cash Flow...5 What Is Important to You?...6 10 Ways to Put Your House

More information

Your Guide to Life Insurance

Your Guide to Life Insurance Your Guide to Life Insurance (800) 827-9990 HealthMarkets.com Your Guide to Life Insurance Contents Life Insurance Basics 4 Do I Need Life Insurance? 9 How Much Life Insurance Do I Need? 11 What Kind of

More information

Money Issues That Concern Married Couples

Money Issues That Concern Married Couples M Financial Planning Services Theodore Massaro, CLU, A.E.P., Chartered Financial Consultant 57 So. Maple Ave Marlton, NJ 08053 856-810-7701 theodore.massaro@lpl.com www.mfinancialplanningservices.com Money

More information

Building a bridge to the future

Building a bridge to the future An Educational Guide for Families and Individuals Building a bridge to the future Personalized Trust and Wealth Management Services Financial Strategies Managing the details of a friend or family member

More information

How to Optimize Your Finances After a Banner Year

How to Optimize Your Finances After a Banner Year How to Optimize Your Finances After a Banner Year By Paul K. Loyacono Jr., WealthPoint Investment Management 2 Are you in a field in which your income fluctuates from year to year? Business owners, sales

More information

How to Prepare a Last Will and Testament

How to Prepare a Last Will and Testament How to Prepare a Last Will and Testament The Simplest Way The simplest way to ensure that your funds, property and personal effects will be distributed after your death according to your wishes is to prepare

More information

Steps to Financial Freedom Achieving lifelong financial

Steps to Financial Freedom Achieving lifelong financial Steps to Financial Freedom Achieving lifelong financial success can sometimes seem like an overwhelming task. However, when developed step by step, you can gain long-term control of your finances. Setting

More information

First Look: Assessing the New Retiree Experience SURVEY HIGHLIGHTS

First Look: Assessing the New Retiree Experience SURVEY HIGHLIGHTS First Look: Assessing the New Retiree Experience SURVEY HIGHLIGHTS Table of Contents Demographic and Financial Profiles 3 Expected and Actual Sources of Retirement Income 12 Managing Spending 19 Satisfaction

More information

CO N F I D E N TI A L ORANGE TREE LANE, SUITE 222 Redlands, CA Phone (909) Fax (909)

CO N F I D E N TI A L ORANGE TREE LANE, SUITE 222 Redlands, CA Phone (909) Fax (909) Family Wealth Planning Information CO N F I D E N TI A L 2068 ORANGE TREE LANE, SUITE 222 Redlands, CA 92374 Phone (909) 255-0658 Fax (909) 253-7800 WWW.LEGACYCOUNSELFIRM.COM 1 SIMPLE BACKGROUND INFORMATION

More information

Financial Fact Finder

Financial Fact Finder Financial Services offered through Mid Atlantic Financial Management, Inc. Stein Wealth Advisors, LLC Lake View Square 4000 Washington Rd., Ste. 101 McMurray, PA 15317-2534 Phone: 724.260.0491 Fax: 724.260.0674

More information

T. Rowe Price 2015 FAMILY FINANCIAL TRADE-OFFS SURVEY

T. Rowe Price 2015 FAMILY FINANCIAL TRADE-OFFS SURVEY T. Rowe Price 2015 FAMILY FINANCIAL TRADE-OFFS SURVEY Contents Perceptions About Saving for Retirement & College Education Respondent College Experience Family Financial Profile Saving for College Paying

More information

Helping your loved ones. Simple steps to providing for your family and friends

Helping your loved ones. Simple steps to providing for your family and friends Helping your loved ones Simple steps to providing for your family and friends Contents 01 How can I take control of who gets what? 02 Inheritance Tax 05 Do you know how much you re worth? 07 Making lifetime

More information

Presented by Dr. Rebecca Neumann for Academic Staff

Presented by Dr. Rebecca Neumann for Academic Staff April 21, 2017 Presented by Dr. Rebecca Neumann for Academic Staff University of Wisconsin Milwaukee Mind your Money, Mind your Future Goals for today: Basic money management skills Tracking expenses Budgeting

More information

Family Budgeting And Money Management. Applying God's Word To Your Finances

Family Budgeting And Money Management. Applying God's Word To Your Finances Family Budgeting And Money Management Applying God's Word To Your Finances Family Budgeting And Money Management TABLE OF CONTENTS Introduction the Biblical Case For Budgeting page 1 Lesson One - The Basics

More information

Planning now gives you more options later

Planning now gives you more options later Long-term care Quick reference NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY Planning now gives you more options later ICCI7-LAM-1795AO.4 Long-term care involves a variety of support and services designed

More information

ESTATE PLAN INFORMATION. 1. Name. 2. Name of Spouse. Cell Phone: 4. Place of Birth (yours) Citizenship. " " " (spouse) Citizenship

ESTATE PLAN INFORMATION. 1. Name. 2. Name of Spouse. Cell Phone: 4. Place of Birth (yours) Citizenship.    (spouse) Citizenship Dated ESTATE PLAN INFORMATION The following is the information we will need in order to plan your estate. You may not be able to answer the questions at the end without talking with us first, but you should

More information

The Wise Wealth Planning Workshop Questionnaire

The Wise Wealth Planning Workshop Questionnaire The Wise Wealth Planning Workshop Questionnaire The Wise Wealth Planning Program Instructions After completion of form, click the submit button to e-mail data to Savant or print off a copy and mail it

More information

Name Social Security#: Spouse: Social Security#: Address: City/State: Zip: Alternate mailing address: Home Phone: ( ) Work Phone: ( ) Cell: ( )

Name Social Security#: Spouse: Social Security#: Address: City/State: Zip: Alternate mailing address: Home Phone: ( ) Work Phone: ( ) Cell: ( ) DEBTOR QUESTIONNAIRE You may print this out and bring it with you to the appointment. Please Answer these questions to the best of your information and belief. Short and general answers are sufficient.

More information

Estate Planning Today

Estate Planning Today Estate Planning Today A Guide to a More Effective Plan Every adult of sound mind and legal age has the right to make a will and create an effective estate plan to divide the estate. In that estate plan,

More information

PROJECT PRO$PER. The Basics of Building Wealth

PROJECT PRO$PER. The Basics of Building Wealth PROJECT PRO$PER PRESENTS The Basics of Building Wealth Investing and Retirement Participant Guide www.projectprosper.org www.facebook.com/projectprosper Based on Wells Fargo's Hands on Banking The Hands

More information

THE LIFE INSURANCE BUYER S GUIDE

THE LIFE INSURANCE BUYER S GUIDE THE LIFE INSURANCE BUYER S GUIDE Introduction The Kentucky Department of Insurance is pleased to offer this Life Insurance Buyer s Guide as an aid to assist you in determining your insurance needs and

More information

BALANCED MONEY WORKBOOK

BALANCED MONEY WORKBOOK BALANCED MONEY WORKBOOK 2 Why live in balance? Welcome to the balanced money approach to budgeting! Balance is a concept we hear a lot about eat a balanced diet, keep balance between work and the rest

More information

Estate Planning Questionnaire

Estate Planning Questionnaire GRISSOM LAW, LLC 10475 Medlock Bridge Road, Suite 215 Johns Creek, Georgia 30097 P: 678.781.9230 F:678.781.9231 How did you hear about us? I. GENERAL INFORMATION Preferred Salutation Full name Other names

More information

NEW CLIENT INTAKE FORM

NEW CLIENT INTAKE FORM Date: This information will be used to gain a thorough understanding of your current financial situation and allow us to be able to formulate appropriate recommendations for your future financial needs.

More information

Wealth Management. All the financial help you need. Life is all about peace of mind. So you need a friend in your corner.

Wealth Management. All the financial help you need. Life is all about peace of mind. So you need a friend in your corner. Wealth Management. All the financial help you need. Life is all about peace of mind. So you need a friend in your corner. Dukes gives you peace of mind... The most important things in your life are the

More information

Simple Steps To Financial Wellness Consumer Alert!

Simple Steps To Financial Wellness Consumer Alert! The SPENDING PLAN: Simple Steps To Financial Wellness Consumer Alert! 1-888-995-7856 Did you know: 43% of American families spend more than they earn. On average, Americans spend 1.22 for every dollar

More information

Will and Estate Planning Workbook

Will and Estate Planning Workbook Will and Estate Planning Workbook Conveying your wishes in a will is important. But two other documents are equally important: a living will (or advanced directive) and a power of attorney. Both can easily

More information

Help Your Retirement Plans Stay on Course

Help Your Retirement Plans Stay on Course Life Insurance Help Your Retirement Plans Stay on Course New York Life Insurance Company New York Life Insurance and Annuity Corporation (A Delaware Corporation) 51 Madison Avenue New York, NY 10010 www.newyorklife.com

More information

A GUIDE TO PREPARING FOR RETIREMENT

A GUIDE TO PREPARING FOR RETIREMENT A GUIDE TO PREPARING FOR RETIREMENT MaineSaves A Guide to Preparing for Retirement MaineSaves, the State of Maine s voluntary retirement savings plan, is designed to help you move forward on your journey

More information

Gleaner Life. Whole Life Solutions

Gleaner Life. Whole Life Solutions Gleaner Life Whole Life Solutions Build a lifetime of financial security It s never too early or too late to secure your loved ones. No matter what phase of life you re in, you ll want to focus on spending

More information

RETIREMENT ISN T THE FINISH LINE... IT S THE STARTING LINE. Unified IncomePlan

RETIREMENT ISN T THE FINISH LINE... IT S THE STARTING LINE. Unified IncomePlan RETIREMENT ISN T THE FINISH LINE... IT S THE STARTING LINE. Unified IncomePlan I ve spent my whole life planning for retirement and now I have a plan that gives me the confidence to enjoy retirement. YOUR

More information

A Tool to help you gather the information you will need before you seek legal counsel to prepare your will.

A Tool to help you gather the information you will need before you seek legal counsel to prepare your will. Will Planning Guide A Tool to help you gather the information you will need before you seek legal counsel to prepare your will. Provided by: Canadian Physicians for Aid and Relief (CPAR) 1425 Bloor Street

More information

ESTATE PLANNING ESSENTIALS

ESTATE PLANNING ESSENTIALS ESTATE PLANNING ESSENTIALS SIX EASY STEPS TO GET STARTED You owe it to yourself and your family to make sure that you are prepared for the many events in life that are out of your hands, like changes to

More information

Money Made Simple. The Ultimate Guide to Personal Finance

Money Made Simple. The Ultimate Guide to Personal Finance Money Made Simple The Ultimate Guide to Personal Finance Table of Contents Section 1 Back to Basics: What is Money? 5 Section 2 Clearing Out the Clutter. 17 Section 3 Where Does All My Money Go? 27 Section

More information

A Financial Primer: 12 Tips to Help Secure Your Financial Future

A Financial Primer: 12 Tips to Help Secure Your Financial Future A Financial Primer: 12 Tips to Help Secure Your Financial Future What will you do with your earning power and what will you have to show for it in the future? Table of Contents Page Your Earning Power

More information

CLIENT INFORMATION ORGANIZER

CLIENT INFORMATION ORGANIZER CLIENT INFORMATION ORGANIZER ESTATE PLANNING and ADMINISTRATION Eight 3rd Street North, Suite 507 D.A. Davidson Building Post Office Box 1484 Great Falls, Montana 59403 (406) 727-2200 or (406) 727-2227

More information

Understanding Your Priorities

Understanding Your Priorities Understanding Your Priorities The following questionnaire is designed to help us better understand you and your financial priorities. Please indicate the importance of each item by checking the appropriate

More information

Estate Planning. Insight on. The net investment income tax and your estate plan. Use a noncharitable purpose trust to achieve a variety of goals

Estate Planning. Insight on. The net investment income tax and your estate plan. Use a noncharitable purpose trust to achieve a variety of goals Insight on Estate Planning October/November 2015 The net investment income tax and your estate plan How one affects the other Use a noncharitable purpose trust to achieve a variety of goals Addressing

More information

GETTING YOUR FINANCIAL HOUSE IN ORDER A STEP-BY-STEP GUIDE

GETTING YOUR FINANCIAL HOUSE IN ORDER A STEP-BY-STEP GUIDE GETTING YOUR FINANCIAL HOUSE IN ORDER A STEP-BY-STEP GUIDE CONTENTS 1 Plan for Your Future Today 2 Step 1 Assess Where You Are Today Planning Worksheets 4 Your Net Worth 5 Your Cash Flow 6 Step 2 Decide

More information

Estate Planning. Insight on. Adapting to the times Estate planning focus shifts to income taxes. International estate planning 101

Estate Planning. Insight on. Adapting to the times Estate planning focus shifts to income taxes. International estate planning 101 Insight on Estate Planning June/July 2014 Adapting to the times Estate planning focus shifts to income taxes International estate planning 101 When is the optimal time to begin receiving Social Security?

More information

Your Guide to Life Insurance When You re 50 or Older

Your Guide to Life Insurance When You re 50 or Older Your Guide to Life Insurance When You re 50 or Older (800) 827-9990 HealthMarkets.com Your Guide to Life Insurance When You re 50 or Older Contents I Have Insurance Through My Employer. Why Buy Now? 4

More information

Getting Ready to Retire

Getting Ready to Retire How to Prepare for Your Retirement A GUIDE TO: Getting Ready to Retire EDUCATION GUIDE Create a plan now for a more comfortable retirement If you re five years or less from retirement, now is the time

More information

Helping your adult kids: How much is too much?

Helping your adult kids: How much is too much? Previous issues New legislation is ending key claiming strategies. What you need to know now. > Read more Roth IRA Financial miscues? Tips to get back on track. Pension > Read more What to consider if

More information

LEGAL ASSISTANCE OFFICE, LEGAL SERVICES SUPPORT SECTION, NATIONAL CAPITAL REGION, QUANTICO, VIRGINIA ESTATE PLANNING QUESTIONNAIRE

LEGAL ASSISTANCE OFFICE, LEGAL SERVICES SUPPORT SECTION, NATIONAL CAPITAL REGION, QUANTICO, VIRGINIA ESTATE PLANNING QUESTIONNAIRE LEGAL ASSISTANCE OFFICE, LEGAL SERVICES SUPPORT SECTION, NATIONAL CAPITAL REGION, QUANTICO, VIRGINIA ESTATE PLANNING QUESTIONNAIRE Please take the time to COMPLETELY fill out the attached questionnaire,

More information

Basic Estate Planning

Basic Estate Planning Mary Carter Financial Services An Independent Firm Mary Carter, ChFC, CFP 131 2nd Avenue North Suite 200 Jacksonville Beach, FL 32250 904-246-0346 mary.carter@raymondjames.com marycarterfinancialservices.com

More information

recordbook ::personal estate planning course :: what sinside So you can keep more of what s yours and give to those you love and support

recordbook ::personal estate planning course :: what sinside So you can keep more of what s yours and give to those you love and support ::personal estate planning course recordbook So you can keep more of what s yours and give to those you love and support :: what sinside Simple information to guide you in collecting paperwork, taking

More information

recordbook ::personal estate planning course :: what sinside So you can keep more of what s yours and give to those you love and support

recordbook ::personal estate planning course :: what sinside So you can keep more of what s yours and give to those you love and support ::personal estate planning course recordbook So you can keep more of what s yours and give to those you love and support :: what sinside Simple information to guide you in collecting paperwork, taking

More information

2017 BUSINESS & TAX CONSULTANTS, INC.

2017 BUSINESS & TAX CONSULTANTS, INC. 2017 BUSINESS & TAX CONSULTANTS, INC. Questionnaire 2017 Please check the appropriate box and include all necessary details When in doubt, please check the Not Sure box so that we can discuss the issue

More information

The Cash Flow Challenge

The Cash Flow Challenge A financial surplus is the absolute foundation of financial peace of mind. The power of a surplus and the sense of security it brings will surprise and delight you! By taking every opportunity to save,

More information

proof proof ACHIEVING YOUR FINANCIAL GOALS Your promotional imprint here and/or back cover.

proof proof ACHIEVING YOUR FINANCIAL GOALS Your promotional imprint here and/or back cover. PERSONAL FINANCIAL PLANNING GUIDE ACHIEVING YOUR FINANCIAL GOALS Your promotional imprint here and/or back cover. BC ABC Company 123 Main Street Anywhere, USA 12345 www.sampleabccompany.com 1-800-123-4567

More information

Estate planning. Client guide. The right plan can make everything easier

Estate planning. Client guide. The right plan can make everything easier Estate planning Client guide The right plan can make everything easier Some surprises in life are good, like winning the lottery or unexpectedly running into an old friend. But what happens to your money

More information

Credit & Money Management

Credit & Money Management Credit & Money Management Certification Program TABLE OF CONTENTS SECTION 1 Understanding Money Chapter 1 Organizing Your Financial Life... 4 Chapter 2 Building Budgeting Skills... 8 Chapter 3 Basics of

More information

ESTATE PLANNING QUESTIONNAIRE

ESTATE PLANNING QUESTIONNAIRE ESTATE PLANNING QUESTIONNAIRE Date Spouse #1 Email Work Phone Cell No. Pager Fax No. Home Phone Spouse #2 Email Work Phone Cell No. Pager Fax No. This form is important. Your accurate and complete responses

More information

Build financial confidence

Build financial confidence Build financial confidence One of a series of papers on the Confident Retirement approach For people five or more years away from retirement, achieving financial confidence typically means finding the

More information

Caring for longer than a lifetime

Caring for longer than a lifetime Life insurance Caring for longer than a lifetime Your 5-minute Guide Life goes on prepare for it Your love for your family will live forever. However, we all know we won t live forever. Life insurance

More information

ESTATE PLANNING FACT SHEET

ESTATE PLANNING FACT SHEET What is a Will? ESTATE PLANNING FACT SHEET A Will is a written legal document which sets out your wishes following your death ranging from who is to receive your property and possessions to who is to look

More information

Learning about long-term care options is easier than you think. Your guide to long-term care planning after age 50. ICC

Learning about long-term care options is easier than you think. Your guide to long-term care planning after age 50. ICC Learning about long-term care options is easier than you think. Your guide to long-term care planning after age 50. ICC17-1737276 1737276 Table of Contents 1 2 4 7 8 Introduction to long-term care Understanding

More information

No Credit Needed. Debt Reduction Guide. For more information about debt reduction visit: No Credit Needed. All Rights Reserved.

No Credit Needed. Debt Reduction Guide. For more information about debt reduction visit: No Credit Needed. All Rights Reserved. No Credit Needed Debt Reduction Guide For more information about debt reduction visit: No Credit Needed All Rights Reserved. Copyright 2008 by Up In Three, LLC All Rights Reserved. Copyright 2008 Up In

More information

GIFTS YOU CAN MAKE NOW

GIFTS YOU CAN MAKE NOW SPECIAL REPORT This Special Report is brought to you by HOOK LAW CENTER Legal Power for Seniors Tel: 757-399-7506 Fax: 757-397-1267 Locations: Virginia Beach 295 Bendix Road, Suite 170 Virginia Beach,

More information

LIFE TRANSITION AND GOAL SETTING WORKSHEET

LIFE TRANSITION AND GOAL SETTING WORKSHEET LIFE TRANSITION AND GOAL SETTING WORKSHEET Select the life transitions that you are experiencing now or expect to experience in the future. Leave all others blank. Personal / Family Getting married Going

More information

Estate Planning Through Charitable Gifting

Estate Planning Through Charitable Gifting Donna Sheehy, CFP 29605 US Highway 19 Suite 250 Clearwater, FL 33761 727-943-8813 dsheehy@harborfs.com www.investdonna.com Estate Planning Through Charitable Gifting Call today for a personal consultation

More information

THE STATE BAR OF CALIFORNIA DO I NEED A WILL? GET THE LEGAL FACTS OF LIFE

THE STATE BAR OF CALIFORNIA DO I NEED A WILL? GET THE LEGAL FACTS OF LIFE THE STATE BAR OF CALIFORNIA DO I NEED A WILL? GET THE LEGAL FACTS OF LIFE Do I need a will? 1 What is a will? 2 Does a will cover everything I own? 3 What happens if I don t have a will? 4 Are there various

More information

You may wish to carefully examine your records to determine if you may be missing any of these deductions.

You may wish to carefully examine your records to determine if you may be missing any of these deductions. 2018 tax planning and tax changes Re: Planning 2018: Tax Consequences for Self-Employed Individuals Dear Client: Owning your own business can be very rewarding, both personally and financially. Being the

More information

ESTATE PLANNING INFORMATION FORM

ESTATE PLANNING INFORMATION FORM ESTATE PLANNING INFORMATION FORM Please complete this form to the best of your ability. Date: Please bring copies of previous estate planning documents (Will, Trust, Advance Directive, Power of Attorney,

More information

Financial Planning Basics

Financial Planning Basics Chuck Brock, PhD, LUTCF, RFC Managing Partner Grace Capital Management Group, LLC Investment Advisor 13450 Parker Commons Blvd. Suite 101 239-481-5550 chuckb@gracecmg.com www.gracecmg.com Financial Planning

More information

Your Year-End Tax Planning Guide

Your Year-End Tax Planning Guide Your Year-End Tax Planning Guide Taxes aren t America s favorite thing. Thirty-seven percent of people would move to a different country if it meant a tax-free future, 24% would get an IRS tattoo and 15%

More information

Take Advantage of 0% Rate on Investment Income

Take Advantage of 0% Rate on Investment Income July 31, 2017 To Our Clients and Friends: As of the writing of this letter, the federal income tax rates for this year are still the same as last year: 10%, 15%, 25%, 28%, 33%, 35%, and 39.6%. The rate

More information