Financial Planning Checklists

Financial Planning Checklists

Our Team has curated a list of important financial planning topics and attached a helpful checklist. As you review these checklists, please reach out to us to discuss.

New Resources:

• What Issues Should I Consider When Reviewing My Estate Planning Documents?
• What Issues Should I Consider When Purchasing Long-Term Care Insurance?
• Master List Of Goals
• Important Milestones
• Important Dates
• What Will Have the Least Tax Impact-Harvesting Capital Gains or Roth Conversions?
• Should I Establish a Sep IRA or a Simple IRA Plan for My Small Business?
• Do I Need to Start Making Estimated Federal Income Tax Payments?
• As a High Income Taxpayer, How Might President Biden's Tax Plan Affect Me?

Life Events:

• What Issues Should I Consider When Having (Or Adopting) A Child?
• What Issues Should I Consider When Getting Married?
• What Issues Should I Consider If My Spouse Passed Away?
• What Issues Should I Consider If My Parent Passed Away?
  

Business Planning:

• Should I Set Up A Traditional 401(k) For My Business?
  

Career Change:

• What Issues Should I Consider When Starting A New Job?
• What Issues Should I Consider If I Get A Promotion Or Raise At Work?
• What Issues Should I Consider If I Lose My Job?
  

Education:

• What Issues Should I Consider To Fund My Child’s College Education?
  

Estate Planning:

• What Issues Should I Consider Before Closing The Estate?
• What Issues Should I Consider Before I Update My Estate Plan?
  

Healthcare:

• Will Healthcare Change As I Transition Into Retirement?
• What Issues Should I Consider For My Aging Parents?
  

Investments:

• What Issues Should I Consider When Reviewing My Investments?
  

Medicare:

• Should I Change My Medicare Coverage During Open Enrollment?
• Will I Avoid IRMAA Surcharges On Medicare Part B & Part D?
• Will I Avoid Medicare Enrollment Penalties?
• Will I Be Enrolled Automatically In Medicare?
• Am I Eligible For Medicare Part A and Part B?
  

Recurring:

• Am I At Risk Of Having My Identity Stolen Or Being A Victim Of Fraud?
• What Issues Should I Consider Before The End Of The Year?
• What Documents Do I Need To Keep On File?
• Issues To Consider In Client Annual Review Meeting
• Issues To Consider As A New Client
  

Retirement:

• Should I Take My Pension As A Lump Sum?
• If I Retire Early, Should I Buy Health Insurance Through The Health Insurance Marketplace?
• What Issues Should I Consider Before I Retire?
  

Retirement Accounts:

• Should I Contribute To My Roth 401(k)?
• Should I Consider Doing a Roth Conversion?
• Should I Contribute To My Roth IRA Vs. My Traditional IRA?
• Will A Distribution From My Traditional IRA Be Penalty-Free?
• Will A Distribution From My Roth IRA Be Tax and Penalty-Free?
• Should I Roll Over My Dormant 401(k)?
• Can I Make A Mega Backdoor Roth IRA Contribution?
• Can I Make A Mega Backdoor Roth IRA Contribution?
• Can I Contribute To My Roth IRA?
• Can I Do A Qualified Charitable Distribution From My IRA?
• Can I Avoid Taking My RMD After Reaching My Required Beginning Date?

Risk Management:

• What Issues Should I Consider When Reviewing My Health And Life Insurance Policies?
• What Issues Should I Consider When Reviewing My Property & Casualty Insurance Policies?

Social Security:

• Will My Social Security Benefits Be Reduced?
• Will I Avoid Social Security’s Government Pension Offset?
• Will I Avoid The Social Security Windfall Elimination Provision?
• Do I Qualify For Social Security Disability Benefits?
• Am I Eligible for Social Security Benefits If I’m Divorced?
• Am I Eligible for Social Security Benefits as a Surviving Spouse?
• Am I Eligible for Social Security Benefits as a Spouse?
  

Taxation:

• Will The Distribution From My HSA Be Tax & Penalty-Free?
• Will My Roth IRA Conversion Be Penalty-Free?
• Will I Have To Pay Tax On The Sale Of My Investment?
• Will The Deductibility Of My Retirement Plan Contributions Be Impacted By The QBI Rules?
• Will I Receive A Step-Up In Basis For This Inherited Property?
• Will I Receive A Step-Up In Basis For This Gifted Property?
• Is The Distribution From My 529 Plan Subject To Federal Income Tax?
• Important Numbers
• As Someone Who Is Working, What Issues Should I Consider When Reviewing My Tax Return?
• As A Retiree, What Issues Should I Consider When Reviewing My Tax Return?
• Am I Eligible For A Qualified Business Income Deduction?

Wealth Preservation:

• What Issues Should I Consider If I Experience A Sudden Wealth Event?
• Should I Consider Refinancing My Mortgage?
• What Accounts Should I Consider If I Want To Save More?
• What Issues Should I Consider During A Recession Or Market Correction?
• What Issues Should I Consider When Buying a Home?