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?
  
• 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?     

If you answered "no" or "I don't know" to several of the questions above, maybe you could benefit from a more comprehensive planning process. Contact Jacobs Financial Management, LLC. We can help.