Click the circle for each answer that is true for you.
If the question is not applicable please leave it blank
| I have no debt at all or I have no debt except for mortgage |
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| I know my/our current home value, the mortgage balance, interest rate, loan term, and the amount of equity in our home. OR I know how much rent I/we pay, when my/our lease expires, the amount of the security deposit paid, as well as my/our lease renewal rights. |
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| I know how much debt I/we have, who I/we owe, interest rate, balance and monthly payment(s) (i.e. credit cards, auto loans, school loans, etc.) |
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| I have full knowledge of my/our monthly expenses. |
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| I know how my spouse feels about the size and nature of our regular monthly expenses and obligations. We have discussed them and are comfortable. |
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| I know my/our current net worth (assets minus liabilities). |
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| I/We have an estate plan (as a minimum a will or living trust) and I know what the provisions are. |
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| I know my spouse’s wishes in the event he/she becomes incapacitated regarding life support or organ donation. We have a health power of attorney which covers this. |
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| (If you have children) I/We have some type of college savings plan in place and contribute to it regularly. |
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| I/We know how much life insurance my spouse and I have to include the death benefits, the current cash values (if any) and cash value interest rate earned. |
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| I have reviewed my/our life insurance policies within the last 12 to 24 months and I’m comfortable that the death benefits are adequate to meet my family’s needs (debt, income replacement, mortgage, and college/final expenses). I am also comfortable that I’m paying a competitive rate. |
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Click if True - - |
| I know what type of property and casualty insurance I/we have, what the deductibles are, and what the exclusions are. I/We are comfortable that we are paying competitive rates. |
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Click if True - - |
| I have protection in place in case of a disability for me and/or my spouse. I know the amount of coverage, how much benefits are, when they would start, and how much or my benefits would be taxable. If I/we don’t have disability insurance, I know why not. |
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Click if True - - |
| I know the amount of money I/we save each month myself or as a couple. |
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Click if True - - |
| I’m confident that I/we have enough money put aside for emergencies (3-6 months income) in a designated account. |
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| I know the nature and size of all of my/our investments (e.g. bank accounts, real estate, collectibles, artwork, investment accounts, etc). I know where the relevant paperwork is kept. |
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| I know the annualized returns of all the above-mentioned investments. |
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| I know the current value of all of my/our retirement accounts (e.g. IRA, 401k, TSP, 403B, etc) I know where the statements are and I have a grasp on how each performed last year. |
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Click if True - - |
| I know how much I or each of us contributes to my/our respective retirement accounts and whether or not there is a company match. I also know the maximum contributions that can be made to each. |
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Click if True - - |
| I know at what age I plan to retire, how much monthly income I will want, how much I need to save monthly to reach that goal. |
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Click if True - - |
| I/We have taken an investment class or read financial books recently. |
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Click if True - - |
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