alerts

Question 1

No Life Insurance

Answer 1

They have no Life Insurance of any kind

Question 2

Insurance with A Savings Account

Answer 2

They own Life Insurance with a savings account attached

Question 3

You may be Under insured

Answer 3

Insurance is less than 10-Times their income

Question 4

Group Life Insurance

Answer 4

This is the only Life Insurance they own

Question 5

Auto & Home Premium

Answer 5

They have not shopped their auto & home insurance rates within the last 2 years

Question 6

No Identity theft Protection

Answer 6

They have no identity theft protection

Question 7

No Health Insurance

Answer 7

No health insurance

Question 8

Tax Refund

Answer 8

$4,000+ in tax refund

Question 9

Tax Filing Status

Answer 9

They are single and based upon their responses should be filing as “Head of Household” (Which means they have a dependent living with them either a parent of child and they pay 51% of household expenses)

Question 10

Will

Answer 10

Does not have a will

Question 11

Update your will

Answer 11

Have not updated their will in the last 3 years. This is just a courtesy reminder to do so and that is all.

Question 12

Beneficiary Update

Answer 12

Has not updated beneficiaries on all accounts

Question 13

Explore the options of A SEP or SIMPLE Retirement Plan

Answer 13

• Self-employed or a business owner with ZERO employees

- No work sponsored plan

Question 14

Explore The Options Of A SIMPLE Retirement Plan For Your Business

Answer 14

• Business owner with 1-99 employees

- No work sponsored retirement program

Question 15

401K Retirement Plan for your Business

Answer 15

• Business owner with 100+ employees

- Currently does not have a 401K

Question 16

Fiduciary- You may be personally legally liable

Answer 16

-Business owner
-Has a 401K
(Most business owners are not aware they are the fiduciary and may be held liable all the way down to their personal assets if their 401K is deemed inadequate on diversification or not providing enough guidance for their plan)

Question 17

Potentially paying High fees on your 401K

Answer 17

• They are a business owner with 401K

- $1,000,000+ within their company’s 401K

Question 18

Financial Wellness seminar to Increase 401K Participation

Answer 18

-Business owner and they have less than 50% participation in their 401K Program

Question 19

Buy-Sell Insurance

Answer 19

• Has a business partner
• No Life Insurance on each other to buy the other out of their business interest in the business, in the event of a death

Question 20

Increase My Income

Answer 20

They said they would be open to looking at options to increase their income if their current income is not enough to hit all their financial goals

Question 21

Educational Savings Account

Answer 21

• Children Under 18

- Checked “None” on the question for funding any educational savings account

Question 22

Annuities May Annuitize

Answer 22

Owns an Annuity

Question 23

Upcoming Inheritance

Answer 23

Expecting inheritance within the next 2 years

Question 24

CD: Explore options with a higher rate of return

Answer 24

Has a CD getting less than 2%

Question 25

Savings

Answer 25

$10,000+ in checking and savings

Question 26

Debt Elimination Plan

Answer 26

Has 3+ Debts

Question 27

Required Minimum Distribution (RMD)

Answer 27

The SECURE ACT has bumped the age to 72 from 70 1/2 of age beginning Jan 1, 2020

Question 28

Upcoming Retirement- Explore moving retirement fund to an IRA

Answer 28

Retiring in the next 12 months

Question 29

In Service Distribution

Answer 29

- 59 or older | - Has a 401K at their current employer

Question 30

Rollover

Answer 30

Has assets with previous employer(s)

Question 31

401K- Under funding your Match

Answer 31

Putting in less than the company match

Question 32

401K- Not Contributing

Answer 32

- Company has 401K | - Not Contributing

Question 33

No work Sponsored Retirement Plan

Answer 33

No work retirement plan available at work

Question 34

Over funding Your Roth IRA

Answer 34

- Has Roth IRA and EITHER.. - Their "MAGI" (modified adjusted gross income) is above the bottom number of the Roth IRA phase out eligibility. This means they may be POTENTIALLY INELIGIBLE BASED UPON IRS "PHASE OUT" RESTRICTIONS. - OR THEY ARE SIMPLY PUTTING IN MORE MONEY PER YEAR THAN ALLOWED BY LAW - (this considers the summation of traditional or Roth IRA contributions)

Question 35

Under funding your Roth IRA

Answer 35

has a Roth IRA but is not maxing it out

Question 36

Roth IRA- Confirm appropriate allocation

Answer 36

Roth IRA balance $10,000+

Question 37

Traditional IRA- Confirm appropriate allocation

Answer 37

Roth IRA balance $10,000+

Question 38

No Roth IRA

Answer 38

- Dont have one | - They qualify for one based on answers