Client Discovery Meeting:
By following these steps, we ensure you’re not only fully informed but also have a plan specifically designe around your unique situation. Would you like to start with the Discovery phase to dig deeper into your goals and financial pictur Let’s start with the Discovery phase by exploring some key areas to get a full understanding of your current financial situation and retirement goals. Here are a few questions to help guide the proces
1. Retirement Goals and Timeline:
• When are you planning to retire, or are you already retired?
• What kind of lifestyle do you envision in retirement (e.g., travel, downsizing, supporting family)?
2. Income and Assets:
• What are your primary income sources (e.g., salary, self-employment, business, investments)?
• Do you have any specific retirement accounts (e.g., 401(k), IRA, Roth IRA, or brokerage accounts
• Are there any other assets you’re counting on, like real estate, businesses, or pensions?
3. Tax Concerns:
• How concerned are you about future taxes and the potential impact on your retirement?
• Are you already utilizing tax-advantaged accounts like Roth IRAs, HSAs, or municipal bonds?
• Do you have any current or future plans for Roth conversions?
4. Healthcare and Longevity:
• Are there any expected healthcare expenses or potential long-term care needs you’re planning for?
• How long do you anticipate needing retirement income based on your health and family history?
5. Risk Tolerance:
• How comfortable are you with market fluctuations and investment risk
• Do you prefer guaranteed income sources, or are you open to more flexible but potentially riskier
options like market-based investments?
6. Legacy and Estate Planning:
• Do you have any plans or desires to leave an inheritance or make charitable donations?
• Are there specific financial goals related to supporting family members, such as helping with educat
or housing?
Answering these questions will help us build a clear picture of your current situation and what’s most important for you in retirement. Feel free to answer at your own pace or focus on areas that are most relevant to your situation! Incorporating a Paraplanner into the Analysis phase is a great way to ensure a thorough and detailed review of the financial data gathered during the discovery meeting. Here’s how this step would work with the Paraplanner’s involvement:
