Shepherd Financial

START THE ASSESSMENT

Instructions: for the questions that follow, rate yourself on a scale from 1-5: 1 being No, or that you are unhappy or you lack confidence in that area and 5 being an absolute Yes or that you are happy with where you are or confident you are on the right path.

INVESTMENTS

When it comes to your investments in general, on a scale of 1-5...
How happy are you with how much money your investments are making?
Unhappy
Happy

How confident are you that you will not outlive your money?
Unconfident
Confident

How confident are you that you will have the money you will need to live on even in a bad market?
Unconfident
Confident


RETIREMENT

When it comes to your retirement, on a scale of 1-5...
How confident are you that you’re on the right track to reach your retirement goals?
Unconfident
Confident

How confident are you that you’re on the right track to maintain your lifestyle during retirement?
Unconfident
Confident

How confident are you that after taxes, you’re putting the most money in your pocket you can from your current (or future) portfolio withdrawals?
Unconfident
Confident

How confident are you that such withdrawals are appropriate and don’t impair the future growth of your portfolio?
Unconfident
Confident

Do you have an inspiring bucket list for what you want to do in retirement?
No
Yes


TAXES

When it comes to your taxes, on a scale of 1-5
How confident are you that you are paying the lowest amount of taxes that is legally possible?
Unconfident
Confident

How confident are you that you and your tax professional, in coordination with your financial advisor, have evaluated and implemented all tax-savings strategies that could put more money back in your pocket?
Unconfident
Confident

How confident are you that your tax-savings strategies are being addressed for you on an ongoing basis?
Unconfident
Confident

Do you have an overall plan that minimizes your taxes over the next 5-10 years?
No
Yes

To the extent that you may have investment losses in any given year, how confident are you that those losses are being strategically used to your benefit for tax purposes?
Unconfident
Confident


ASSISTANCE TO LOVED ONES

How confident are you that you have everything you need to handle any future financial or health care needs of your parents?
Unconfident
Confident

How confident are you that you’re maximizing any tax benefits for yourself or your beneficiaries when you are helping your children or grandchildren pay for education, physical needs or other areas where you want to help them?
Unconfident
Confident

How confident are you that you’ve fully understand how any monetary gifts or ongoing help to your children or grandchildren affects their dependency on you instead of maximizing their self-reliance?
Unconfident
Confident


ESTATE PLANNING

Is all your important financial information (trusts, policies, statements, passwords, etc.) organized and accessible in a way that makes it easy for your family or friends to know and execute your exact wishes?
No
Yes

Are the people currently listed in your will or trust still the people you want to actually receive your money and property when you die?
No
Yes

How confident are you that your estate planning documents are up to date with tax and estate laws and do not need to be reviewed by an estate planning attorney?
Unconfident
Confident


INSURANCE & PROTECTION

How confident are you that you have the right amount of life insurance and that you are not overpaying for that coverage?
Unconfident
Confident

How confident are you that you have the right amount of long-term care insurance and that you are not overpaying for that coverage?
Unconfident
Confident

How confident are you that you have the right amount of health insurance and are not overpaying for that coverage?
Unconfident
Confident

How confident are you that you have the right amount of property and liability insurance and are not overpaying for that coverage?
Unconfident
Confident

Are you sure the beneficiaries listed on your life insurance policies are correct?
No
Yes


CASH FLOW AND BUDGETING

Do you have 6 months worth of expenses in an emergency account that allows you to sleep at night?
No
Yes

How confident are you that your spending, including any expenses on autopay, is optimized to eliminate any waste?
Unconfident
Confident

Does your budget have enough buffer in it that allows you to do the extra things you’d like to, without being worried if you can afford them?
No
Yes

When making large purchases on a credit card to maximize rewards points, how confident are you that you are using the credit cards that maximizes those potential dollars back to your pocket?
Unconfident
Confident