A Guide to Financial Planning: Checklist
Discovery meeting. Ask as many questions as you would like to get to know the planner. Years of experience, references, and the like. A qualified planner will ask numerous questions including, but not limited to your income, expenses, net worth, investing experience, values, hobbies, and reasons for the visit.
Follow-up questions, review fee and cost arrangements.
Planning proposal, action items.
Items to Bring
These are the documents you would bring to a financial planner after your initial meeting. Although it is not an all-inclusive list, the documents listed would be required.
• Past two years tax filings (1040s)
• Latest bank statements: savings accounts, checking, CDs, etc.
• Last quarterly statements for:
Employer pension, deferred compensation plan
Qualified accounts: 401(k), SEP, IRA, Roth IRA, SAR-SEP, 457 plans
Investment brokerage accounts
Social Security statements
• Life insurance policies
• Disability insurance policies
• Health insurance policies
• Auto and homeowners insurance policies
• Liability insurance policies
• Financial statements
• Net worth statement, cash flow statement, balance sheet
• Current wills and trust documents
• Last billing statements on all debt
• List of all major tangible assets (real estate, business, etc.)