OUR PROCESS > UNDERSTANDING YOUR GOALS
Aligning Your Future with Your Values
Take a moment to reflect.
What matters most to you?
Let’s explore your financial aspirations in greater detail.
The checklist below will guide you through the key components of your financial journey, highlighting how each element contributes to achieving your goals:
Financial Goals
Your goals are the foundation of your financial plan. Whether you're aiming for a new home, retirement, or funding a child’s education, clarifying both your short-term and long-term objectives helps us prioritize and strategize effectively.
- • List your short-term goals (e.g., travel, saving for a big purchase).
- • Outline your long-term goals (e.g., retirement, homeownership, education funding).
Financial Documents
Recent bank statements and tax returns provide insight into your current financial situation. They allow us to analyze your cash flow, income sources, and historical spending patterns, which are essential for accurate forecasting and planning.
- • Gather recent bank statements (last 3-6 months).
- • Collect your last two years of tax returns.
- • Include any other relevant financial documents (pay stubs, investment statements).
Budget Overview
A clear picture of your monthly income and expenses is vital. Understanding your spending habits helps identify areas for improvement and ensures that your financial plan is realistic and attainable. This overview is the backbone of your budgetary discipline.
- • Note your monthly income sources (salary, side income).
- • List your monthly expenses (fixed and variable).
- • Identify areas where you might cut back.
Debt Summary
Knowing your debts and their balances enables us to develop a strategy for debt management. Prioritizing high-interest debts can significantly impact your financial health and future investment potential.
- • List all debts (credit cards, student loans, mortgages).
- • Note the balances and interest rates for each debt.
- • Highlight any payment due dates or repayment plans.
- • Collect your last two years of tax returns.
Investment Overview
Summarizing your current investments and understanding your risk tolerance helps us align your portfolio with your financial goals. It ensures that your investment strategy reflects your comfort level and objectives, balancing growth and security.
- • Provide details of current investments (stocks, bonds, mutual funds).
- • Assess your risk tolerance (conservative, balanced, aggressive).
- • Consider any investment goals (short-term vs. long-term).
Questions/Concerns
Bringing your questions and concerns to the table fosters open communication. Addressing these allows us to tailor our approach to your unique needs, ensuring that you feel confident and informed throughout the planning process.
- • Write down specific questions you have about your finances.
- • Note any concerns or uncertainties regarding your financial situation.
- • List topics you want to discuss during our meetings.
Seize the moment—act now
With your insights and our commitment to our craft and your success, we’re prepared to move forward together. Let’s take the next steps toward your goals.