Checklist Challenge Step 1 of 6 16% Tell us a little about yourself.Name(Required) First Last Email(Required) Phone Income I have a written budget for all necessary and discretionary spending. Based on this budget, I have an estimate of the income I will need each year when I retire. I know the income sources I will have in retirement and the amounts I will receive. Social Security Income:Pension Income:Rental Income:Other Income: I know how each of these income sources will be taxed. I know what year I will retire. If within five years of retirement, my financial advisor has calculated and documented my income plan. My income plan indicates which accounts to withdraw from in each year. My income plan is inflation adjusted and runs through at least age 95. I know the optimal time to draw Social Security to help maximize the net amount received after taxes. I know the pension option to choose to help maximize my payments while still providing for my spouse. I have an inventory of all household assets. Please enter the number of boxes checked on this page:(Required)Please enter a number less than or equal to 13. Income ContinuedHome Value:Other real estate/land:Checking/savings:Money Market/CDs:401(k)s:IRAs:Other Accounts or Assets of value: I know how each of these assets will be taxed when I sell them or take withdrawals from them. I have an inventory of all household liabilities/debts. Please enter the number of boxes checked on this page:(Required)Please enter a number less than or equal to 13. Income ContinuedMortgage:Auto Loans:Credit Card Balances:Other Debt: Medical & Health Care If retiring before age 65, I have a plan for major medical insurance coverage prior to Medicare. After age 65, I know which Medicare options are the best for me, factoring in monthly cost, exposure, out-ofpocket expenses and health concerns. I am maximizing my health savings account (if applicable). I know how I will cover long-term care or nursing care needs and have policies in place. Advanced Financial Planning I have a full understanding of my management fees (fees my financial advisor charges). I have a full understanding of fees within my portfolio (fees on the individual investments and accounts). My financial advisor regularly reviews my accounts with me. I have a will. I have a trust. My estate plan is reviewed and updated by an estate planning attorney at least every 7-10 years. My financial advisor coordinates with my estate planning attorney to optimize my estate. Please enter the number of boxes checked on this page:(Required)Please enter a number less than or equal to 13. Risk Management If within five years of retirement, my financial advisor has made changes to the risk levels of my investments. My financial advisor has assessed my current tolerance for risk. I feel my investments match my risk tolerance. If there are changes in politics and policies, I’m confident my retirement will still be OK. Tax-Efficient Strategies I have a tax professional. My financial advisor reviews my tax returns with me. My financial advisor coordinates with my tax professional to proactively optimize my tax savings. My financial advisor has addressed a plan to potentially convert taxable retirement income into tax-free income. I have a plan to help minimize required minimum distributions (RMDs) and taxes on my RMDs. My estate plan helps to minimize the taxes my loved ones will have to pay on their inherited assets. Please enter the number of boxes checked on this page:(Required)Please enter a number less than or equal to 13.This field is hidden when viewing the formTotal Boxes Checked on All PagesCAPTCHAEmailThis field is for validation purposes and should be left unchanged. Δ
