Last Updated: September 14, 2009
Ever wonder what documents a financial planner might want from you? Well, wonder no more. FPA member, Kathleen B. Leipprandt, CFP®, ChFC, CLU, of Baldwin Financial Systems, LLC recommends that you'll need the following documents to craft a comprehensive financial plan:
- Financial statements, including bank accounts, certificates of deposits (CDs), brokerage accounts, Individual Retirement Accounts (IRAs), ROTH IRAs, stock plans, stock holdings, 401(k)s, and other retirement accounts. A homemade list or spreadsheet, though seemingly helpful, will be inadequate. For accuracy, an actual statement from the financial institution, with all pages included, is typically requested.
- Most recent pay stub(s), and if applicable, your spouse's most recent pay stub(s).
- Social Security statement, and if applicable, your spouse's Social Security statement.
- Life insurance policy statements.
- Medical Insurance information, including dental and long-term care.
- Income tax return, typically the most recent year but the last two if your tax return is unusual.
- Most recent home and auto bills. These should show the details of your coverage.
- Most recent umbrella/liability policy bill and/or statement.
- A real estate tax statement.
- Statements regarding your mortgage and/or home equity loans, including the balance and terms of the mortgage.
- Your employer's benefit booklet or a summary of your benefits.
- Your wills and/or trust agreements.
- Any special retirement plan statements, including deferred compensation plans.
- Any business agreements, including buy/sell agreements and stock option plans.
- Any annuity contracts.
A financial planner can help you put your financial house in order. Find a financial planner.