Financial Checkup

Financial Checkup

Thank you for checking out Shore Financial Planning. Please answer all of the questions below in order to immediately receive your Financial Health Score.
Folder Name
Name*

First NameLast Name
Email*
example@example.com
Organization
I know my net worth based on all of my assets and liabilities*

YesNo
I have consolidated my financial accounts where appropriate / possible*

YesNo
Cash Flow and Savings
I know how much I spend each month*

YesNo
I know how much I save each month*

YesNo
I have an emergency fund that can cover six months + of living expenses*

YesNo
Goals
I know when I want to retire and approximately how much I will spend in retirement*

YesNo
I am on track to achieve my retirement goals*

YesNo
I have identified my short-term, medium-term and long-term financial goals*

YesNo
I know approximately how much each of these goals will cost and I have a savings / investing plan to achieve them*

YesNo
Investments
I know my overall investment allocation to stocks vs. bonds and I am comfortable with it*

YesNoN/A
My investment allocation for specific goals is matched to the time horizon of each goal*

YesNoN/A
My portfolio is globally diversified*

YesNoN/A
I understand the expenses of my investments*

YesNoN/A
Tax Planning
I understand whether Roth or traditional contributions are better for my situation*

YesNo
I know if I can fund a Roth IRA or make a backdoor Roth IRA contribution*

YesNo
I am making the maximum contributions to all available employer retirement plans*

YesNoN/A
I am maximizing contributions to my Health Savings Account (if available)*

YesNoN/A
I take advantage of opportunities to harvest investment losses for tax purposes*

YesNoN/A
I donate to the charitable causes I support in the most tax-efficient manner*

YesNoN/A
I am taking withdrawals from my investment accounts in the most tax-efficient manner*

YesNoN/A
Student Loans
I understand whether pursuing Public Service Loan Forgiveness or refinancing is better for my situation*

YesNoN/A
If going for Public Service Loan Forgiveness, I am meeting all ongoing requirements*

YesNoN/A
Other Debt Management
I avoid carrying high interest rate debt (such as credit cards)*

YesNo
I understand my mortgage options and the one I have is the most cost effective*

YesNoN/A
College Planning
I have run projections for the future cost of college for my children*

YesNoN/A
I understand what a 529 plan is and I am saving for college in the most tax-efficient manner*

YesNoN/A
My college savings plan is sufficient to fund this future education expense*

YesNoN/A
Insurance Planning
I have sufficient life insurance based on my liabilities and current / future expenses*

YesNo
I am paying for life insurance in the most cost effective manner*

YesNoN/A
I have sufficient disability insurance based on my liabilities, current expenses, and retirement saving needs*

YesNo
I understand the tax treatment for my disability insurance*

YesNoN/A
I have individual, own-occupation, specialty specific disability insurance*

YesNo
I am paying for disability insurance in the most cost effective manner*

YesNoN/A
I have personal liability umbrella insurance coverage*

YesNo
Retirement Planning
I have run retirement projections and I understand when I can retire*

YesNo
I have a strategy for choosing when to claim Social Security*

YesNo
I am taking advantage of proactive tax planning strategies, such as Roth IRA conversions*

YesNo
I understand my health insurance options for the time before and after Medicare age*

YesNo
I have a plan to cover long-term health care expenses*

YesNo
Estate Planning
I have an estate plan in place*

YesNo
All of my beneficiaries are updated*

YesNo
All of my assets are titled properly*

YesNo
Score
Should be Empty:

Organization

Cash Flow and Savings

Goals

Investments

Tax Planning

Student Loans

Other Debt Management

College Planning

Insurance Planning

Retirement Planning

Estate Planning