Get Your Financial Inventory - Raymond James

Completing the Your Financial Inventory form is a crucial step in planning for a secure retirement. This guide provides a detailed walkthrough for users, ensuring a comprehensive understanding of their financial situation and retirement needs.

Follow the steps to complete your financial inventory effectively.

1. Press the ‘Get Form’ button to obtain the form and open it in your preferred editor.
2. Begin by entering your personal details. Fill in the names of both the client and co-client, along with their respective dates of birth.
3. In the next section, provide the estimated retirement age and approximate net worth for both individuals.
4. For step 1, determine your retirement living expenses. Estimate your essential (needs) and nonessential (wants) monthly or annual expenses, indicating your choice by circling it.
5. In step 2, list major retirement goals by specifying expenditures. Indicate whether each is a need or a want, and provide a projected amount and timeline.
6. In step 3, look at your expected monthly income sources. Detail your income streams such as Social Security, pensions, employment income, and additional sources. Sum the total monthly and annual income.
7. Step 4 requires you to review and list all your financial assets. Specify if they are designated for retirement, and provide their current value and any yearly additions.
8. Next, list other nonfinancial assets, like your residence or business, along with their estimated values.
9. Step 5 guides you to assess your risk tolerance by selecting an appropriate investor description based on your risk acceptance level.
10. In step 6, evaluate key risk management considerations. Indicate whether you have emergency cash reserves, life insurance, and long-term care policies by answering yes or no.
11. Finally, review the next steps and prepare to bring necessary documents to your subsequent meeting, ensuring you're ready for a comprehensive discussion.

Complete your financial inventory online to secure your retirement plan today.