Overview
For the advisor’s response (retirement planning and budget adjustments sections, around 2-3 pages), please make sure to have these components:
1. Retirement planning (target retirement age, required nest egg, recommended annual savings, investment strategy, whether current budget supports the goal, etc.
2. Budget adjustments (identifying overspending, recommended allocation, emergency fund adequacy, etc)
In addition, regarding the following integration component, please mention them in their appropriate sections, if that is related to retirement planning and budget adjustments.
- Home purchase affects savings
- Savings affect retirement
- Debt affects insurance needs
- Kids’ education affects cash flow
- Tax refunds affect investment capacity