What are common questions one should ask in financial planning.

A comprehensive article by weber financial, financial planning services, Ormond beach Florida with a list of questions one should be asking for financial planning.

RETIREMENT & WEALTH ACCUMULATION PLANNING

• How much should I be saving for retirement?
• How much income will I need to retire comfortably?
• Where should my retirement savings be invested?
• How can I protect my current retirement assets from market volatility?
• Are there better alternatives to my current retirement asset allocation?

PROTECTION PLANNING

• How much life insurance should I have?
• What type of life insurance do I need?
• Should I consider long term care coverage?
• Is my income protected in the event of a disability due to sickness or accident?

BUSINESS PLANNING

• Should I have a business succession plan?
• What will happen to my business interest in the event of my death?
• How will the IRS value my business?
• How do I provide benefits to my key employees?

ESTATE PLANNING

• Are my Wills & Trusts up to date?
• Are my intentions clearly defined?
• Do I have an Estate Tax Burden?
• Have I left my heirs asking, WHAT NOW?
• How Can I include a charitable organization in my estate plan?
• How can I create a legacy for my grandchildren?

EDUCATION PLANNING

• How much should I be saving for my child’s education?
• Where should those savings be allocated?
• Should I consider a 529 plan?
• Are there other tax favored education savings vehicles I should be considering?