Are You Financially Prepared for Future Success?

* First Name

* Last Name

* Email Address

How would you describe the relationship with the individual who manages your money?

He/she is a CFP and has a vested interest in my personal goals and those who will be impacted

He/she is a financial professional who has been financially successful him/herself – they seem like they have a lot of clients though, and I don’t get a lot of personal consultation

I don’t have an official planner, but have sought the advice of friends who are financially savvy

What does your investment/financial plan include?

I’m not quite sure where or how much money is invested in different options

Diverse and not all in one investment option (Stocks, Bonds, Commodities, Alternatives)

(Describe the minimum e.g. employer 401k)

What is your tolerance for loss in an investment?

Not greater than 10% in a year

Hold on and give it a chance, wait for losses to turn themselves around

Don’t hold on to it, sell and move on!

How clear is your understanding of how much money you’ll need for your future lifestyle?

I’ll just go on like I always have – I don’t foresee much changing, it’ll work out!

I have clearly defined my goals and priorities – I’ve determined the amount needed to achieve this

Even though I haven’t specifically calculated it, I know how I want to live – I’m just not sure what the numbers are

Do you understand the role social security will play in your future financial plan?

I am already retired and am taking social security

Not sure when to start taking social security

I have an idea of when to start

Have you determined the way you’ll use your pension once it’s available to you?

Take the monthly check

Not sure whether to take the lump sum or the monthly income

Not really sure about my options

When it comes to risk, how familiar are you with the different kinds of risk you should be aware of? (e.g. market, sector, and individual)

I know sometimes the stock market drops, but don’t really know why

I don’t know the different kinds of market risks

I am familiar with stock market changes

How aware are you of tax incentives specific to your income-earning situation?

I don’t know much about taxes or tax returns

I am very familiar with tax issues

I know a few things about taxes

How is your financial advisor compensated?

He or she works at a flat fee or percentage of assets

I’m not entirely sure how my advisor is compensated

My advisor will charge commissions for certain products

How confident are you in your retirement plan?

I really haven’t given it the attention I’ve needed to – I am financially secure now, so it should work out, but I’m not really sure

I’m aware of the need to plan for it and am making the effort to be prepared, but I’m still not quite confident that I’m going to get there

Very confident, I’m working with someone who has helped me get there

Oops!