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: