Needs Assessment Checklist
Needs Assessment Checklist
Your thoughtful review of the items below will help you determine if you need to initiate an in-depth review of your financial affairs.
Answer "yes" to any of these questions and a review may be needed.
Answer "yes" to several of these questions and you may need to take action immediately.
Changes in Your Family Yes No
Has a member of the family become
married, divorced, separated or is seriously
contemplating such action? ____ ____
Is a child or grandchild expected or
has been born, adopted or acquired
by marriage recently? ____ ____
Has a parent, child or grandchild passed
away or become terminally ill recently? ____ ____
Health Changes Yes No
Has your health or that of your spouse
changed sufficiently enough to affect
your planning, lifestyle or attitudes? ____ ____
Lifestyle Changes Yes No
Would you like to understand what
financial impact retirement will have ____ ____
on you?
Do you expect to change your
residence due to transfer, retirement
or a personal relocation? ____ ____
Do you plan to travel extensively during
the next year? ____ ____
Are you considering changing your plans
for retirement? ____ ____
Life Insurance Yes No
Do you have questions about whether or
not you should add or reduce your life
insurance? ____ ____
Do you have questions about the type of
life insurance you should have? ____ ____
Are the beneficiary arrangements for your
life insurance correct and tax efficient? ____ ____
Other Insurance Yes No
Would you like to understand long-term
care insurance for yourselves and/or your
parents including the costs and options
available to you? ____ ____
Is your disability income insurance coverage
adequate? ____ ____
Investment Portfolio Yes No
Do you know if your portfolio is appropriate? ____ ____
Are you satisfied with the investment
returns you have been getting? ____ ____
Have you realized significant capital
gains/losses for this year? ____ ____
Do you have more than 20% ownership
in one investment (mutual fund, stock
options, partnership, business, etc.)? ____ ____
Would you like to consider alternatives for
investment of your liquid assets (i.e,
Money Market, T-bills)? ____ ____
Are you interested in becoming informed
about 529 College Plans for your children
or grandchildren? ____ ____
Are you interested in learning about tax
efficient investing? ____ ____
Changes in Assets Yes No
Has the value of some of your assets
changed significantly in the last year? ____ ____
Have you or are you considering acquiring
or disposing of real estate holdings? ____ ____
Have you received or do you expect to receive
an inheritance in the near future? ____ ____
Do you anticipate receipt of a substantial
bonus or other employee benefits? ____ ____
Employer Plans Yes No
Have you increased or decreased your
percentage of contributions to your
retirement plan or do you wonder if you
should? ____ ____
Have you exercised stock options or made
thrift plan withdrawals? ____ ____
Have you received or do you expect to
receive a lump sum distribution from a
401(k) or pension plan because of a
buy-out, retirement or layoff? ____ ____
Do you know how to select the investment
choices available to you in your employer
provided retirement plan? ____ ____
Business Interests Yes No
Do you own a business? ____ ____
Do you have a succession in place if you
retire, become incapacitate or die? ____ ____
Have you or do you expect to sell or acquire
a business? ____ ____
Do you need to establish a retirement plan
for your business? ____ ____
Do you need a review of your executive
benefits? ____ ____
Do you need to review your benefit plans
including your retirement plan? ____ ____