Financial Plan

Workflow

Step 1: Client Profile

Gather or confirm:

• Demographics: Age, spouse age, dependents, life expectancy assumptions
• Employment: Current income, expected raises, retirement age target
• Accounts: All investment accounts with balances and asset allocation
• Income sources: Salary, bonuses, rental income, Social Security estimates, pensions
• Expenses: Current annual spending, expected changes (mortgage payoff, kids' independence)
• Liabilities: Mortgage, student loans, other debt
• Insurance: Life, disability, LTC, health
• Estate: Wills, trusts, beneficiary designations, gifting strategy

Step 2: Cash Flow Analysis

Build annual cash flow projections: