The “Change of Plans” Checklist
As life changes, we can underestimate the impact of life events on the financial plans we’ve created. This checklist is designed to trigger memories of any life changes you may have experienced in recent months, and also alert you to the parts of your financial plan that may be affected.
The affected areas listed are not a comprehensive list of potential changes associated with the events below; they are a conversation starter to inform you of potential updates to your financial strategy that should be considered.
HOW TO USE
Move your cursor over the financial element.
Financial Table of Elements
SL - Student Loans
TA - Taxes
IS - Insurance
IN - Investments
EM - Employee Benefits
ES - Estate Plan
URGENCY LEVEL
Orange - (it would be helpful to contact a specialist)
Red - (seriously, don’t try this without the help of a professional)
Yellow -(you may be able to handle this yourself)
Family Structure
Change or potential change in marital status - TA IS EM ES SL
Death of spouse - TA IN IS EM ES SL
Preparing for pregnancy or currently pregnant
Preparing for adoption
Change in number of dependents (birth of child, loss of child as dependent)
Financial responsibility for a family member outside your home (e.g. parent, sibling)
Change in status of spousal support
TA IN IS EM ES SL
The "Change of Plans" Checklist
As life changes, we can underestimate the impact of life events on the financial plans we've created.