Planning Process Components

Objectives and Assumptions: Review of personal objectives and assumptions used in the analysis

Attitudes toward Investment Risks and Rewards: Short-term, medium-range and long-term goals as well as perceptions of risks and expected rewards

Assets: Review of current holdings, present value, cost basis, growth and planned additions

Liabilities: Review present and anticipated debt obligations

Income Tax Analysis: Projections, with review of personal tax returns for last three years

Cash Flow Management: Projections to discover effective use of anticipated surplus, and management of shortages

Investment Review: Analysis of investment holdings and portfolio recommendations

Insurance Review:  Analysis of life, disability, long-term care, health, property casualty, and liability coverage and recommendations

Employee Benefits: Review and recommendations for coordinating with personal assets and spousal plans

Estate Distribution: Estimate of costs and taxation analysis methods of reducing probate expenses and estate duties

Retirement Planning: Analysis and recommendations inflation, qualified plans and increasing net cash flow

Goal Funding: Review of goals such as education or major expense and recommendations for meeting needs.

Financial Organizer File: To hold financial documents and records

Income Tax Organizer File: To gather and store records to support tax returns

Implementation Checklist: To record your financial progress and be aware of advisor performance

Periodic Review Sessions: To verify progress, evaluation of investments, benefit plans and document completion