Required Information for a Financial Plan

Your first step will be to create a “financial snapshot” of your current situation. This is to construct a baseline of where “you presently are financially” so a plan can be assembled to get you to where you’ll want to be when the time comes to retire. To help you organize the things you need we have assembled a checklist of items to gather together. Once you have the all the pieces we’ll be in a great position to set goals and formulate a plan and get you on the path to achieving them.

Financial Plan Checklist

• Two recent pay stubs
• Current Employer Benefits statements
• Most recent employer sponsored pension statement
• Most recent income tax return copies
• Notice of assessments
• RRSP Statements
• Investment statements for:

1. GICs
2. Bonds
3. Stocks
4. TFSA
5. Mutual Funds
6. RESPs
7. Bank Balances

• Life insurance contracts
• Long Term Disability (LTD) or Critical illness (CI)I insurance contracts
• Home and Auto Insurance (details on coverage)
• Mortgage details (amount, interest rate, term. payment)
• Wills
• PA (Power of Attorneys)
• Bank statements or monthly budget for expenses
• See Cash Flow form
• Budget for major renovations or pending capital expenditures
• Value of cottage/vacation property

Additional Information needed for Business Owners

• Corporate Structure
• Buy Sell agreements
• Corporate Insurance

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