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Financial Planning Checklist

1 – CHANGES

 Did you move?

 Did you sell any major assets?

 Did you refinance your house?

 Did you change jobs?

 Did you “add to the family”?

 Have a parent in need of assisted care?

 Did you receive a gift or inheritance?

2 – INVESTMENTS

 Confirm investment goals and strategy.

 Review asset allocation and risk tolerance.

 Revisit income or savings needs.

 Review outstanding loans and mortgages.

 Review dividend distributions.

 Review employee stock plans.

3 – TAXES

 Project income for 2017 and 2018.

 Review YTD dividends & capital gains.

 Review unrealized gains/losses.

Check loss carry-forwards from last year.

 Review potential deductions and credits.

 Track donations to charity (stock donations).

 Review any gifting plans.

4 – RETIREMENT

 Review retirement cash flow needs.

Max out 401k contributions (before-tax).

Max out 401k contributions (after-tax).

 Max out IRA contributions (& spouse).

 Analyze Roth IRA conversion opportunities.

 Take Required Minimum Distributions.

 Consider Social Security claiming options.

5 – INSURANCE

 Review costs of current insurance policies.

 Umbrella insurance policies.

 Review health insurance coverage.

 Spend balances in Flexible Spending Acct.

Review Long-Term Care insurance needs.

 Review Medicare enrollment options.

6 – FAMILY / GIFTING

 Contribute to education accounts.

 Review and fund trusts.

 Make any cash gifts to family members.

 Consider Roth IRA for kids & grandkids.

 Plan charitable contributions.

NOTES AND NEXT STEPS:

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