Financial Planning Checklist.

Financial Planning Checklist.

It is always a good day to review your financial plan! Knowing what you have and haven’t accomplished is vital to reaching both your long and short-term goals.

Below is a list of financial priorities that should be reviewed regularly.

Insurance

  • Did you buy a new house?
  • Did you have a baby or add to your family?
  • Did you get married?
  • Did you take on new debt?
  • Did you get a new job or have a change in income?
  • Did you experience a marriage breakdown or divorce?

Liabilities (new or changed)

  • Mortgage
  • Business loan
  • Student loan
  • Line of Credit
  • Credit card debt
  • Car Loan
  • Any other liabilities?

Assets (new or changed)

  • Art
  • Jewelry
  • Cash
  • Real estate
  • Land
  • Stocks
  • Bond
  • Life insurance policies

Short Term Goals (New or Changed)

  • Save for a house
  • Save for vacation
  • Pay off high interest debt
  • Start emergency fund
  • Major house repair or renovation

Long Term Goals

  • Retirement dates
  • Education savings
  • Mortgage elimination

Investments

  • Adjusting risk tolerance
  • Reviewing asset allocation
  • Savings strategies
    • TFSA
    • RRSP
    • RESP
    • RDSP
  • Unregistered accounts

Accounting for Big Changes

  • Did You move?
  • Did you sell major assets?
  • Did you change jobs?
  • Did you take on more debt?
  • Did your family grow?
  • Did you lose a loved one?
  • Is there a critical illness in the family?
  • Did you receive a gift or inheritance?
  • Was someone in your family diagnosed with a disability?

Your financial advisor is here to help guide you through each step of the financial planning process. The above list should be used as a starting point to address basic financial planning needs. Let’s talk about what is most important to you right now.

21 thoughts on “Financial Planning Checklist.

  1. John Lobb says:

    155806 810021hey there i stumbled upon your website searching around the web. I wanted to tell you I enjoy the appear of things about here. Keep it up will bookmark for positive. 952519

  2. live webcams says:

    255930 215209Hiya. Very cool website!! Man .. Beautiful .. Wonderful .. I will bookmark your web internet site and take the feeds additionallyI am pleased to uncover numerous valuable details here within the post. Thank you for sharing 133146

  3. chat with girls says:

    63462 155515Good read, I just passed this onto a colleague who was performing some research on that. And he really bought me lunch as I found it for him smile So let me rephrase that: Thank you for lunch! 332120

Leave a Reply

Your email address will not be published. Required fields are marked *