Fiscal Fitness Assessment Directions: The statements below will help you to think about and assess how satisfied you are with many aspects of your financial life. Please mark your level of satisfaction for each statement. First Name Last Name Email Address Phone Number What are the top three financial matters that keep you awake at night or that your consider top priorities? Organization and Planning Our financial affairs are well organized and in good order.AgreeSomewhat AgreeSomewhat DisagreeDisagree I know what my family’s long term goals are and can quantify them.YesSomewhatNoNot Sure Our personal financial situation is straightforward, I enjoy managing it and I feel I am doing a good job.YesSomewhatNoNot Sure We have a document records system that allows us (or our loved ones) to quickly put our hands on whatever we need.YesSomewhatNoNot Sure I can safely say that very few financial details fall through the cracks in my life.YesSomewhatNoNot Sure I receive regular, easy to understand, consolidated reporting on all our family holdings across all of our entities and family members.YesSomewhatNoNot Sure Investments I know what rate of return we need from our investments to ensure we meet our family’s key objectives.YesSomewhatNoNot Sure I am confident that our asset allocation reflects our risk and return expectations.YesSomewhatNoNot Sure Our investments have been objectively reviewed recently and I am confident we have the right ones in place and in the right combinations.YesSomewhatNoNot Sure We have a written Investment Policy Statement for our overall investment portfolio that clearly lays out the objectives, limitations, review process and accountability.YesSomewhatNoNot Sure We have a regular review process in place to evaluate the successYesSomewhatNoNot Sure Risk Management I am comfortable that we have the appropriate level of risk in our portfolio.YesSomewhatNoNot Sure We have a process in place to review non-portfolio risks that could impair our wealth.YesSomewhatNoNot Sure We have a process in place to review our insurance to ensure it covers our significant risks.YesSomewhatNoNot Sure I understand all our insurance policies and am confident that they are appropriate and up-to-date.YesSomewhatNoNot Sure Tax Planning and Structuring I am comfortable that we are taking advantages of all the tax efficiencies available to us.YesSomewhatNoNot Sure I am confident that the tax location of our investment assets is optimal.YesSomewhatNoNot Sure I understand how the use of a trust or other tax structures could decrease the amount of tax we pay.YesSomewhatNoNot Sure I fully understand the tax implications of any U.S. assets we own (e.g. real estate, securities etc.) and have protected ourselves accordingly.YesSomewhatNoNot Sure I am comfortable that we are taking advantages of all the tax efficiencies available to us.YesSomewhatNoNot Sure Estate Planning and Succession I have a clear idea of our estate objectives and how much our heirs will receive and when.YesSomewhatNoNot Sure Our wills have been updated in the past three years. We have properly-executed powers of attorney for financial and health care purposes.YesSomewhatNoNot Sure Cash Flow Management I have calculated how much capital I will need to be able to retire and to maintain our standard of living.YesSomewhatNoNot Sure I know what our family expenses are and feel confident that they are reflected in my wealth plan.YesSomewhatNoNot Sure I have a game plan in place to prepare for a liquidity event, such as retirement, receiving my deferred compensation or cashing in my shares or partnership interestsYesSomewhatNoNot Sure Advisors I have an advisor who is knowledgeable and objective regarding all of the issues listed above.YesSomewhatNoNot Sure My advisor is proactive and regularly anticipates the key issues that need attention in my life.YesSomewhatNoNot Sure I know all the fees we are paying to our advisors and understand the value we receive and the impact on our net worth.YesSomewhatNoNot Sure Family Issues Our family has frequent, open, healthy dialogue about money and financial issues.YesSomewhatNoNot Sure I am comfortable that my spouse and children will be able to manage if something happened to me.YesSomewhatNoNot Sure I am comfortable that our family net worth is not likely to be at risk if one of my children gets divorced.YesSomewhatNoNot Sure If any of my family is a U.S. citizen, resident or green card holder, I understand the tax and compliance risks facing the family and have addressed them.YesSomewhatNoNot Sure I feel comfortable that our children are financially well-educated and sufficiently responsible to inherit the assets that are likely to be left to them.YesSomewhatNoNot Sure Time is Up! Leave a Reply Cancel replyCommentEnter your name or username to comment Enter your email address to comment Enter your website URL (optional) Save my name, email, and website in this browser for the next time I comment.
