WEALTH MANAGEMENT QUIZ 1
Posted by EXOGEN on September 17, 2013 at 6:37am in Bank Information
Wealth Management Quiz
Are You Getting all the Financial Advice You Deserve?
Do you choose your investments based on the goals you want to achieve rather than chasing investment returns hoping to achieve those goals?
Are your investments diversified enough to withstand the next big market correction?
Do you have a contingency plan in place to counteract such a correction?
Have you projected your income taxes for the next several years?
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Have you taken all the steps necessary to reduce those taxes?
Are your investment accounts structured to minimize taxes?
Are you utilizing tax-advantaged investments in the most tax-efficient manner?
Does your investment plan include real estate?
Are you taking advantage of the investment and tax opportunities available from real property and real estate-based investments?
Are you sure you are on track to accumulate enough assets to retire comfortably?
Do you know whether your assets will provide a sustainable lifetime income during your retirement?
If you are retired, are you sure you are withdrawing retirement income in the most tax-efficient manner?
Will your children or grandchildren be able to attend the colleges of their choice?
Is your education funding plan designed to take advantage of current tax laws?
If you are a corporate executive, do you have a tax-efficient plan for exercising stock options and deferred compensation?
If you are a business owner, are your company benefits designed to maximize your personal after-tax net worth? Are you using every method available for extracting business equity tax-efficiently?
Is your family properly protected in the event of death, disability or catastrophic health conditions?
Have you done everything possible to protect the assets you’ve accumulated over a lifetime from becoming subject to creditors’ claims?
Are your wills, trusts and other estate documents up to date?
Are your beneficiary designations and asset titles consistent with the intent of your estate documents?
Are you sure your estate plan preserves your assets in the most effective manner for the next generation?
Are you engaged in a process that systematically reviews and monitors all aspects of your finances to help you build and preserve income and family wealth?
Is your financial advisor required by law to put your interests first