Are you spending your time and talents on the most important things possible?
If you could spend your time doing anything in the world, what would it be?
Do you live exactly where you want to be?
Do you travel whenever and wherever you want?
Is there a cause you would like to be involved in?
Do you give intelligently to those in need?
Do you have any dreams you have not yet accomplished?
If you could change anything in this world, what would it be?
What things would you most like to accomplish in your lifetime?
What are you most proud of achieving?
What are your two or three most important financial priorities?
Have you arranged for medical power of attorney?
Have you stored your will and important documents in a safe place? Does someone know where they are?
Are you currently dependent on income from your investments?
Do you feel you have enough money saved for retirement?
If you predecease your spouse could he/she manage the investments?
Are aging parents an issue?
Are you providing care/money?
Do your parents have a will or trust? Long Term Care?
Do you have guardians for your children/grandchildren?
What kind of succession plan do you have for your business?
Is there a Buy/Sell agreement in place for your business?
What are your business assets? How are they titled?
Is your real estate in an LLC? (Limited Liability Company)
The perfect calendar – are you doing exactly what you want to do with your life? What is stopping you?
How much is enough?
Do your children participate in saving or investing?
Ever considered setting up a small charity to let your kids manage?
Do you provide financial assistance to your children?
Do you own limited Partnerships?
What is your life expectancy?
Do you own any collectables?
Any anticipated extraordinary expenses?
Annual retirement income needed?
Will you need your IRA required minimum distributions?
What do you want your money to do for you now, and after death?
Do you have a large 401(k)? (may be subject to estate and income taxes)
Any stock option plans? Concentrated stock positions?
Is there a business transition in place?
Problematic or unsuitable real estate?
What are your sources of wealth?
What really matters most to you?
Do you coordinate with all of your advisors? Do they know each other?
Do you have low cost basis real estate?
How is your health? Do you have a living will? (legal power of attorney)
Do you feel that you are getting good advice?
Do you know why you own what you own?
Why did you create your wealth?
Engage specialist – not generalists
When setting goals people are often trapped by how things currently are – be mindful not be trapped in your own assumptions.
A healthy couple (age 65) will spend $377,000 on healthcare; 72% will need eldercare for their parents*
Have you ever considered a reverse mortgage?
How is your money being left to your children (lump sum)?
How is the money being left to minor children?
Who do you rely on for advice? Who are your principal advisors?
How involved do you want to be in your investment decisions?
What is the projected use of your money?
What do feel is your most important financial need?
Who are your Primary Beneficiaries of your IRAs and Estate and Real Estate? Kids info to contact, reach out – meet with. Can they handle the assets appropriately?
What is your investment time horizon(s)
What is your overall knowledge of investments?
Personal Growth – What else would you like to work towards?
What is your attitude towards risk?
What is your comfort level with the unpredictable?
Do you have tax issues?
Do you have philanthropic aspirations either during or after your life?
What are the most important ideas or philosophies you would like to pass along to your family?
What are your biggest concerns about money?
How do you feel about your present situation?
How do you see yourself financially in the future?
What does retirement look for you?
What are your expectations?
Work – are you doing what you want to?
What would you like to do?
Leisure – What do you want to spend more time doing?
Clubs? Organizations? Networks?
Mental health – What is your outlook on life?
What worries you most?
Do you exercise?
Have you planned for medical expenses and prescriptions?
Family – tell me about your family?
Problems – Are there any problems or anything for which you feel the need to be prepared?
How often do you check your investments?
What would you consider a major market correction?
Current tax bracket?
Sources of income?
What debt obligations are you now servicing? Liabilities?
What income would be lost if one of you passed away?
What would be the effect?
Are you funding grandkid’s education?
What are your liquidity needs?
Any unique requirements?
How’s your marriage?
Have you planned for the distribution of your estate through a trust or will? All assets properly structured for effective transfer? When was the last time this was reviewed?
Are you gifting?
Do you wish to provide adequate support for someone when you die?
How much life insurance do you have? How is it titled (ILIT)
Do you have Long Term Care insurance?
When was the last time you had your insurance portfolio reviewed?
Have you given thought to catastrophic risk?
Poor health, disability, death of spouse, earthquake
What do you want that life insurance to do for you? (taxes, replace income, pass assets)
Family owned business transfer issues upon death?
When do you plan to retire?
Does your company have a retirement plan?
Pension? What are your pension options?
Do you have kids from a previous marriage? Will they be disinherited?
Do you have asset protection?
Any special needs family members?
Where are your IRAs?
How are your family dynamics?
Will your kids help if needed?
Do you want to leave a significant estate to anybody? An organization?
Have you given any consideration to a 100 year plan?
Multigenerational values, philosophy, beliefs, values you wish to pass along?
Are you or will you be responsible for your parents? Kids? Anyone else? Will your parents move back?
Were your parents successful?
Do you have any unique requirements?
Where do you plan to live in your retirement?
Do you feel that you’re on track to reach your goals?
Do you desire in-depth investment planning?
Are there any specific future events that concern you?
Do you have any special concerns about your children or grandchildren?
Do you have any personal life priorities you’d like me to know about?
Do you have any investment Real Estate?
Any known inheritance?
*HealthView Services 2016
Wells Fargo is not a tax or legal advisors