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Client Review

The purpose of this form is to gather information and any changes in your life regarding your financials, your goals, and your values, and to help plan for the following year.

Name

Goals and Values

Cash Flow Issues

Has there been a change to your cash flow or budget in the last 6 months?
If so, let's consider how this will impact your financial situation.
If you are taking distributions from any accounts, do you need to review your rate of withdrawal?
If you are subject to an RMD, are you prepared to satisfy the RMD before December 31st?
Do you need to review your employee benefits to ensure that you are taking advantage of what your employer offers?
Do you need to review your employee benefits to ensure that you are taking advantage of what your employer offers? (copy)
If so, consider contributions to Health Savings Accounts, Flexible Spending Accounts and/or Dependent Care Flexible Spending Accounts.
Do you use credit cards?
If so, talk about if there are other cards providing better benefits (features, points, etc.).
Do you max out your salary deferrals to your employer retirement plan but want to save more?
If so, let's discuss the following: You may be able to make a Backdoor Roth IRA contribution. If your employer's plan allows after-tax contributions, you may be able to make a Mega Backdoor Roth IRA contribution. If you have income from self employment, other opportunities may be available, such as a Solo 401(k).

Asset & Debt Issues

Have your investment goals or your risk tolerance changed?
If you have recently had unexpected expenses, did they impact your emergency savings?
Are there high levels of cash in any accounts?
If so, consider the following: FDIC insurance limit is $250,000 per depositor, per FDIC-insured bank, per ownership category. Interest rates on the cash may be higher elsewhere.
Do you have any unused funds in a 529 account?
If so, lets talk about whether a 529-to-Roth IRA transfer could benefit your situation (if eligible).
Have you acquired or sold a major asset or property?
Do you anticipate any significant expenses in the near future?
Did you incur any new debts (auto loan, student loan)?

Tax Planning Issues

Were there any surprises on your tax return from last year?
Did you receive a large tax refund or need to pay a large amount when filing your return?
If so, consider changing your withholding and/or making estimated payments.
Will you be receiving any significant windfalls that could impact your taxes (inheritance, RSUs vesting, stock options, bonus)?
Do you expect your income to change in the near future?
If so, let's consider strategies to minimize your tax liability.
Have you made (or do you plan to make) any noncharitable gifts this year?
Gifts up to the annual exclusion amount of $18,000 (per year, per donee) are gift tax-free.
Do you need to determine cost basis for any assets you own?
Do you plan to make charitable gifts?

Estate and Other Issues

Do your beneficiaries need to be reviewed and possibly updated for your non-probate assets (such as retirement plans, life insurance, and TOD accounts)?
Have there been any changes to your family (marriage, divorce, birth, death, illness)?
Do steps need to be taken to protect yourself from identity theft?
Overall, how are you feeling over about your finances?

Thank you for taking the time to give us an update.

We will be reaching out shortly.