Financial Planning Score - Empty Nesters

Welcome to your Financial Planning Score! Fill out the quiz as honestly as you can. The objective is to give you an idea of where you are, not to pretend to be somewhere you're not (yet).

We WILL give you your score at the end, no email or sign-up required. If you'd like to get some personalized suggestions of how to increase your score, you can put your name and email at the end (we'll also get a copy of your score so we can personalize the suggestions for you). We will not sell or give your email to anyone else.

Rate on Scale of 1-5: We know where all our income goes each month.

1. Not at all.

5. Down to the dollar.

Rate on Scale of 1-5: We feel in control of our income and expenses.

1. Not at all.

5. Total Control

Rate on Scale of 1-5: We know where everything is and what it's worth.

1. Not at all.

5. We know it all, and our Net Worth.

Rate on Scale of 1-5: We completely understand investing.

1. We know it exists. That's about it.

5. We could be Financial Advisors.

Rate on Scale of 1-5: We have an Investing Plan and follow the plan.

1. What's an Investing Plan?

5. We have one and follow it religiously.

We have approximately the following percentage of Stocks to Fixed Income (bonds, cash, etc):

We have no idea.

40% Stocks, 60% Fixed Income

60% Stocks, 40% Fixed Income

70% Stocks, 30% Fixed Income

80% Stocks, 20% Fixed Income

>90% Stocks, <10% Fixed Income

When the Market Crashed in 2020, before it returned we:

The market crashed? We hadn't noticed.

Switched some stocks to cash/bonds

Did nothing.

Bought more stock while it was on sale.

Rate on Scale of 1-5: How confident are you that you will pay the least amount of taxes over your LIFETIME?

1. We take it one year at a time

5. We have a plan to never pay a dime more than we need to.

Who files your taxes?

We use H&R Block/Jackson Hewitt/Similar

We file our own taxes.

We use a CPA/EA

We need to find someone...

Do you have a Will?

No...

Yes, but I think it's outdated.

Yes, it is current.

Do you have a Power of Attorney?

No...

Yes, but I think it's outdated.

Yes, it is current.

Do you have a Trust?

No...

Yes, but I think it's outdated.

Yes, it is current.

Are all your Beneficiaries current and correct?

I don't know…

Primary beneficiaries for sure, not sure about secondary.

Primary beneficiares and some secondary.

All beneficiaries, primary and secondary, are current and correct.

Our life insurance situation is:

We have our basic employer life insurance or no insurance.

We have some additional life insurane, but not enough.

We have permanent life insurance only that we are paying on.

We have permanent life insurance that we are paying on and term life insurance.

We have calculated and own the exact right amount of term life insurance.

Our Long-Term Care Situation is:

What is Long-Term Care?

We have no plan for Long-Term Care Costs.

We have a small LTC policy, but it's not enough.

We have a strategy to help with LTC, but it probably isn’t enough.

We have a LTC strategy that is fully integrated with our overall plan.

Rate on Scale of 1-5: We understand our current health insurance completely.

1. We don't understand it at all.

5. Yes, we have incorporated it into our overall plan.

Rate on Scale of 1-5: We are confident we are fully covered and are getting the most value for our Home & Auto insurance.

1. We're probably underinsured or over paying. Or both.

5. We check it every couple years with a broker. We are getting the best value.

Rate on Scale of 1-5: We are fully on track to retiring when we want to.

1. Certainly not.

5. Absolutely!

Rate on Scale of 1-5: We have a plan in place to stay/get on track.

1. No, not at all.

5. Yes we are working the plan!

How much do you want to want to learn about finances?

These questions do not affect score.

I honestly find it all boring, but I should probably know something...

I want to know the essentials, that's it.

I want to learn the "why" behind the essentials.

I want to learn more about finances than the essentials.

I want to always be adding to my financial knowledge.

How much time can you devote to learning about and working on your finances?

Again, answer has no affect on your score. Answer honestly so we can tailor our tips to you specifically.

Maybe and hour a month. Maybe.

We could commit a few hours per month.

We could do an hour a week.

We can commit several hours per week, every week, forever.

We could spend some up front time on it, but then would love to spend only an hour a month.

Are you a Delegator or a DIYer?

No effect on score.

DIY. All the time. For everything.

DIY for most things, but would hire out some things.

DIY some things, but delegate most things.

If I could delegate everything in my life, I would.

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Financial Planning Score – Empty Nesters

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