Financial Planning Discovery - Vaughan Family Financial

1

Family & Household

Understanding your family helps us plan for education, estate, and insurance needs.

Spouse or partner employment details (if applicable)

Dependent details

Are you financially supporting anyone outside your immediate household?

2

Business Details

If you own a business, this section helps us integrate your business and personal planning. Skip this section entirely if not applicable.

Business entity type

Approximate number of employees (including yourself)

What is your long-term vision for the business?

When do you plan to exit or transition the business?

Within 5 years

5–10 years

10+ years

Unsure or no plans to exit

Estimated business value (rough guess is fine)

This helps us understand how much of your net worth is tied to the business.

Do you have a formal succession plan or buy-sell agreement?

Yes, formal written plan

Yes, informal or in progress

No — this is a priority

N/A — sole owner with no succession needs

Does your business currently offer a retirement plan?

No — interested in setting one up

SEP IRA

SIMPLE IRA

Solo 401(k) or regular 401(k)

Other plan

3

Retirement Planning

Let's understand your retirement vision and readiness.

Your desired retirement age

Spouse's desired retirement age

Desired annual retirement income (in today's dollars)

What would you like to spend annually in retirement?

How confident are you about your retirement readiness?

Very confident — on track

Somewhat confident

Unsure — haven't calculated

Concerned — likely behind

Current employer retirement plan participation (if employed)

Do you have an IRA (Traditional or Roth)?

Yes, and I contribute regularly

Yes, but not contributing currently

No — should I open one?

4

Other Financial Goals

Beyond retirement, what else are you planning for?

Education planning for children?

Yes, plan to fund fully

Yes, plan to fund partially

No — children will self-fund

N/A

Do you have a 529 college savings plan?

Yes

No, but interested

No

Major purchases or expenses planned in the next 5 years

Do you expect to receive an inheritance or windfall?

Yes, likely significant

Yes, likely modest

No

Are you currently paying off significant debt?

Include approximate balances and interest rates if you know them.

5

Insurance & Risk Management

Understanding your coverage helps identify gaps in your protection.

Life Insurance

Current life insurance coverage

No coverage — need to discuss

Employer-provided only

Term life insurance

Whole or permanent life insurance

Both employer and individual coverage

Total death benefit (approximate)

Do you feel you have adequate life insurance?

Yes

No — need more coverage

Unsure — need analysis

Disability & Other Coverage

Do you have disability insurance?

No — need to discuss

Yes, through employer

Yes, individual policy

Are you on a High Deductible Health Plan (HDHP) eligible for an HSA?

Yes, and I contribute to an HSA

Yes, but not contributing to an HSA

No

Unsure

Do you have an umbrella liability policy?

Yes

No — should we discuss?

Business Insurance (business owners only)

What business insurance do you carry?

6

Estate Planning

Ensuring your wishes are documented and your assets are protected.

Do you have a Will?

Yes, and it's current

Yes, but it needs updating

No — this is a priority

Do you have a Living Trust?

Yes

No

Unsure

Do you have Powers of Attorney in place?

Are your beneficiary designations current?

Yes, recently reviewed

Unsure — need to review

No, likely outdated

Life insurance, retirement accounts, investment accounts

7

Investment Approach & Risk Tolerance

Understanding your comfort with risk helps us build an appropriate investment strategy.

If your investment portfolio declined 20% in a year, how would you respond?

Sell to avoid further losses

Reduce equity exposure

Hold steady and wait for recovery

See it as an opportunity to invest more

What is your primary investment objective?

Capital preservation — minimize risk

Income generation with modest growth

Balanced growth and income

Long-term growth — willing to accept volatility

Aggressive growth — maximize returns

Any investment restrictions or preferences?

8

Tax Planning Interests

Beyond tax preparation, what proactive tax planning topics would you like us to explore?

Which areas interest you?

9

Anything Else

What are your biggest financial concerns or worries?

Is there anything else we should know before building your plan?

Next step: use the Document Preparation Guide to gather the statements and records we'll need to review alongside this form. Don't worry if you can't find everything — we'll work with what you have.