Financial Planning: Personal Guide & Checklist



Similar documents
McDermot Avenue Winnipeg, Manitoba R3A 1T3 Telephone: (204) Fax: (204) Website:

Personal Information - Client - Page 1. Employment. Education. Military Service. Children & Dependents

In Preparation for Our First Meeting. In our first visit with you there are two objectives. Overview Questionnaire

ONTARIO Court File Number. Form 13: Financial Statement (Support Claims) sworn/affirmed. Applicant(s) Respondent(s)

Take Control of Your Money

FINANCIAL PLANNING QUESTIONNAIRE

BFG PERSONAL FINANCIAL ANALYSIS FORM. Barnum Financial Group CLIENT NAME DATE ADVISOR NAME. An Office of MetLife

How Can You Reduce Your Taxes?

RETIREMENT CHECKLIST MAKING THE MOST OF YOUR RETIREMENT

PERSONAL WEALTH DEVELOPMENT QUESTIONNAIRE

Please note that this document is for discussion purposes only and does not constitute or replace a Will. Surname: Given name: Any other names used:

Your Name Date Completed / Last Updated

Data Gathering Questionnaire

John and Jane Client June 2015

Financial Checkup. Use this Checkup to: Get Organized Identify the Gaps in Your Financial Life Work More Effectively With Your Financial Advisor

The Estate Preserver Plan. Advisor Guide

ESTATE PLANNING QUESTIONNAIRE

Name (Partner A): Name (Partner B): Address: Phone number:

Wealth Management Retirement Income Layering

Financial Planning Review Prepared for Mark & Maria Green

AFFIDAVIT IN SUPPORT OF APPLICATION FOR SETTLEMENT

ONTARIO Court File Number. Form 13.1: Financial Statement (Property and Support Claims) sworn/affirmed. Applicant(s) Respondent(s)

maclean wiedemann lawyers LLP

Your Guide to Retirement Income Planning

Will you have enough income in retirement?

1430 Broadway, Suite 1105 New York, NY Fax: Financial Inventory

pages is accurate to the best of my knowledge and belief and sets out the financial situation as of (give date for which information is accurate)

TRANSFERRING Inventory of assets. The importance of informing others of your intentions

Personal Financial Plan

DISCOVER YOUR FINANCIAL NEEDS

FINANCIAL OVERVIEW. Registered Investment Advisors Since Trusted Financial, Tax and Estate Planning

LONG-TERM CARE PLANNING QUESTIONNAIRE

CLIENT INTERVIEW FORM - FAMILY LAW CLIENT IDENTIFICATION

BEDROCK DIVORCE ADVISORS, LLC

Retirement Plans 401(k) s Cash Receivables Businesses Real Estate Investment Accounts. 8 Risks You Must Overcome

OCAD University. Financial Planning 101. The basics

Personal Financial Statements

ESTATE PLANNING WORKSHEET

PERSONAL FINANCIAL ORGANIZER

Date: Page 1 DIVORCEmate Software Inc. Checklist of Information for Family Law Files Personal Information Husband Wife Names

Business Plan Summary

A FIVE-STEP CHECKLIST FOR RETIREMENT INCOME PLANNING

ONTARIO Court File Number. Form 13.1: Financial Statement (Property and Support Claims) sworn/affirmed. Applicant(s) Respondent(s)

Personal inventory of assets and important documents

Retirement Planning and Wealth Management

4Needs your WHAT S AFTER? ELIMINATE DEBT THE FEWER DEBTS, THE BETTER! Wills and Trusts; Reviewing These Are a Must

Financial planning data and information requests

Retirement Income Planning Worksheet

YOUR DREAMS. YOUR LIFE. SIMPLIFIED. YOUR SFL ADVISOR: BECAUSE EVERYTHING IS POSSIBLE.

Yes No Are You a Politically Exposed Foreign Person (PEFP)?

Your Retirement Lifestyle Workbook

{REMOVE THIS 1 page cover memo before sending to applicant/rp} DIVISION OF WASTE MANAGEMENT & DISTRICT PERSONNEL

MIAMI BEACH JEWISH COMMUNITY CENTER APPLICATION FOR PROGRAM FEE REDUCTION

Your fiscal fitness review. Financial wellness tips, tools and checklists from TIAA-CREF

Your Retirement Lifestyle Workbook

Canada Deposit Insurance Corporation (CDIC) a federal government organization that provides insurance to protect money deposited in Canadian banks

Plain talk about life insurance

ext. 230

List any past due bills provide account balance and status, i.e., in collections, charged off, etc.

Financial Fact Finder

Personal Financial Planning Questionnaire

Discovering the importance of a financial plan

THE TAX-FREE SAVINGS ACCOUNT

YOUR DREAMS. YOUR LIFE. SIMPLIFIED. YOUR DFSIN ADVISOR: BECAUSE EVERYTHING IS POSSIBLE.

Everything you need to know about Tax-Free Savings Accounts (TFSAs)

Introduction Meeting

Alexander Financial Planning, Inc. Registered Investment Adviser

A financial statement captures a person s overall wealth at a specific point in time. In this lesson, students will:

A financial statement captures a person s overall wealth at a specific point in time. In this lesson, students will:

Wealth Management Essentials for Oil and Gas Professionals

PERSONAL INVENTORY OF ASSETS. For an easier transfer of your wealth

Effective Strategies for Personal Money Management

Client Checklist. local tax withholding, retirement contributions, benefits, Tax Planning.

Personal Financial Strategy. Prepared for. John & Jane Sample

Financial Planning Questionnaire

Designing Your Budget

INDIVIDUAL ESTATE PLANNING QUESTIONNAIRE Virginia L. Ross, P.C., Attorney at Law / RossLawOffice@Comcast.Net

The Value of Advice. Life is better when you re prepared. Rick Annaert SVP, Advisory Services President & CEO, Manulife Securities

FINANCIAL LIFE CHECKUP

financial planning & advice

Investing Practice Questions

Your fiscal fitness review. Financial wellness tips, tools and checklists from TIAA-CREF

WHAT TO DO NOW. A reference guide for your executor

> The Role of Insurance in Wealth Planning

The Actors Fund of Canada provides short-term emergency financial assistance to professionals in the Canadian entertainment industry.

Client Tax Organizer

Initial Data Gathering Workbook

Date of Interview: NAME DURATION REASON FOR LEAVING. Marital status: Single Married Separated Divorced Widowed Common Law

IN THE SUPERIOR COURT FOR THE COUNTY OF STATE OF GEORGIA. case No. DOMESTIC RELATIONS FINANCIAL AFFIDAVIT

Financial Planning Questionnaire

PERSONAL FINANCIAL STATEMENT

GEOFFREY W. WHITE LAW CORPORATION

LIFE PLANNING GUIDE Investment Centers of America, Inc.

Life insurance It s not just for dying anymore. Wednesday, 21 September, 11

THE PARTIAL MANDATE. As the name suggests, a partial mandate is a mandate for clients who do not need complete integrated financial planning.

FINANCIAL PLANNING ORGANIZER

A guide to InnoVision

Personal Loan Guidelines

Transcription:

Financial Planning: Personal Guide & Checklist Securities Priscilla Monteith, CPA, CGA, CFP Certified Financial Planner Monteith Financial Group Manulife Securities Incorporated Stephanie Piroli, BAccS, FMA, CPA, CGA, CFP Certified Financial Planner Monteith Financial Group Manulife Securities Incorporated 678 Spring Gardens Road Burlington, ON L7T 1J3 T 905 572 PLAN(7526) F 905 572 6455 www.monteithfinancial.com

Section 1: Document Checklist If applicable, please bring the following documentation for you and your spouse to your next meeting: We take an integrated approach to Financial Planning. It includes a review of your assets, liabilities, insurance, cash flow, and taxes. Any risks to the success of your goals will also be identified so you can determine your next steps. By creating your personalized Financial Plan, we raise your awareness of your current financial position and help you plan for your future. As needs and priorities change throughout your life, we can update your plan with new information. As part of your annual review process, we will return to your plan and assess your progress toward your goals. You have just begun the first steps to take full control of your financial future. Plan to Succeed. Income tax returns (last 2 years) and Notices of Assessment from Revenue Canada. Employment pay stubs (last 2 pay periods). Canada Pension Plan (CPP) statement (login to Service Canada website). Copy of recent Will, Trust document, and Separation or Divorce Agreement. Latest mortgage and other loan statements (e.g. line of credit or credit cards). Include any insurance specifically identified to pay the balance of these liabilities for death and disability. Personal investment statements, including GICs, mutual funds, stocks & bonds, etc. Include registered and non-registered investments. Other assets and liabilities which make up your net worth (use section 3). Details on your company s pension plan, or employer s benefit booklets for group life insurance, disability insurance, health & dental benefits, and group RRSP. Budget of personal living expenses current and in retirement (use sections 4 of this package). Personally owned life insurance policies including recent status notices showing any loans, premium schedules, or dividends on deposit. Personally owned disability insurance policies which provide income replacement in the event of an accident or sickness, critical illness coverage, or long term care payments. If you own/have an interest in a business, copies of the most recent financial statements and tax returns of the business. Copies of your business buy/sell or shareholder agreements and any company owned life and disability insurance which covers the buy/sell funding or provides special insurance benefits to you as the owner or key employee. Copy of any previous Financial Plan(s). Any other documents you feel may be relevant in completing your personal financial plan: Securities

Section 2: What s Important To You? (Client A) By filling out the questions below, you will help us get to know you as well as some of your financial goals. NAME: Section 2: What s Important To You? (Client B) By filling out the questions below, you will help us get to know you as well as some of your financial goals. NAME: Yes No Yes No I am concerned about the taxes I pay I am concerned about the taxes I pay I have charitable / philanthropic causes that I care about I have charitable / philanthropic causes that I care about I anticipate a change of career I anticipate a change of career I may move to a new home or purchase a new property I may move to a new home or purchase a new property I am concerned about the adequacy of my retirement assets I am concerned about the adequacy of my retirement assets I intend to provide financial support for my children's or grandchildren's education I intend to provide financial support for my children's or grandchildren's education I have challenges within my family that require or will require financial resources I have challenges within my family that require or will require financial resources I have family arrangements (e.g. second marriage) my plan will need to address I have family arrangements (e.g. second marriage) my plan will need to address I am satisfied that my assets will be distributed in accordance with my will I am satisfied that my assets will be distributed in accordance with my will I am interested in planning my legacy I am interested in planning my legacy Ideally, I would like to semi-retire at age: Ideally, I would like to semi-retire at age: Ideally, I would like to fully retire at age: Ideally, I would like to fully retire at age: Some activities I plan to do during retirement that will require financial resources: I have items on my Bucket List that should be incorporated into my financial plan: Some activities I plan to do during retirement that will require financial resources: I have items on my Bucket List that should be incorporated into my financial plan: 1. 1. 1. 1. 2. 2. 2. 2. 3. 3. 3. 3.

Section 3: Net Worth Statement (Assets) The information you provide below will form the core of your personalized Financial Plan. Please indicate the approximate dollar amount for each of your assets and liabilities for you and your spouse. *Please provide most recent supporting statements if available. Section 4: Lifestyle Expenses Please indicate your current monthly expenses and the expenses you expect to have when you retire. ASSETS Client A Client B Joint Assets Cash on hand Savings, chequing, and emergency funds Fixed Monthly Expenses Mortgage payment / rent Current After retirement (in today's $ amount) Money owed to you Property taxes Loans, mortgage receivables, etc. Education assets* RESPs, Canada Scholarship Plan, etc. Retirement assets* RRSP / RIF / LIRA / LIF Property insurance Utilities Maintenance / condo fees Auto loan Pension plan Line of credit payments DPSP Non-retirement investment assets* TFSA Canada Savings Bonds, GICs, Term deposits Loans (other) payments Credit cards payments Disability, Critical Illness, Medical, Life Stocks Retirement plan contributions Mutual funds TFSA savings contributions Business interests Investments in / value of business Shareholder loan owing to you Other savings and regular contributions to investments Variable Expenses Real estate assets Telephone, cell phone, cable, Internet Principal residence Personal care Vacation property Rental property Other personal property Jewelry, collections, etc. Groceries and toiletries Medical / dental (non-reimbursed) Childcare Miscellaneous Education Total Assets Computer Section 3: Net Worth Statements (Liabilities) Below, please complete the estimated amount of your liabilities. **Where available, please provide most recent supporting statements. Car insurance Car lease LIABILITIES Client A Client B Joint Liabilities Mortgages** Gas, oil Maintenance Investment loans** Bus / Taxi / GO Train Credit cards owing** Income taxes (arrears only)** Line of credit** Other loans:** Entertainment / dining Recreation / travel Club / Association dues / Hobbies Other debts:** Charitable Donations Total Liabilities TOTAL ASSETS (A) TOTAL LIABILITIES (B) NET WORTH (A - B) Gifts Home Capital Improvements Other

Securities Manulife Securities Incorporated is a Member of the Canadian Investor Protection Fund. The Manulife Securities logo and the Block Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.