Updating your financial plan is like an annual check-up with your doctor. You may feel good, but you just want to make sure the doctor agrees. The doctor asks you questions, performs some tests, gives you a flu shot, encourages you to eat healthy, exercise and, hopefully, sends you off until next year.
While the medical check-up is mostly a passive event (at least for the patient), a Financial Planning Check-up is much more active and requires more from the client. Here is the information we recommend that you gather for your Financial Planning Check-up:
Asset Values: What are the current values of your investments, retirement accounts, stock option plans, real estate, business assets and personal property? Many clients take advantage of our Wealth Management website.