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Getting the "big picture" and undertaking
a thorough planning of one's financial future during retirement can only
be done after first taking inventory of the various assets, liabilities,
income sources and expenses which you currently face. Further, this
is a good time to locate and safely file numerous non-financial documents
so they are readily available when needed. Lists are provided in
several categories:
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Financial (Assets &
Liabilities)
- Income sources (retirement and/or disability
benefits, Social Security, etc.)
- Financial assets (institution names, account
numbers, address/telephone, form of ownership, current value)
- Cash
- Money market funds
- Bank accounts
- Retirement and pension plans
- Stocks
- IRAs
- Bonds
- Annuities
- Mutual funds
- Life insurance
- Real estate (property addresses, location of
deeds, form of ownership, insurance, current value)
- Primary home (House Deed)
- Investment property
- Vacation home
- Other assets (location of items/titles/documents,
form of ownership, insurance, current value)
- Automobiles (car title)
- Collectibles
- Boats
- Ownership in businesses
- Inheritances
- Hidden valuables/items in storage
- Precious gems, jewelry
- Loans to family members/friends
- Liabilities (creditor institutions,
address/telephone, approximate debt)
- Mortgages
- Promissory notes
- Personal loans
- Safety deposit box
- IOUs
- Credit cards
- Other
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Legal
- Wills (dates of documents, executor names,
address/telephone)
- Powers of attorney or durable powers of attorney
(names, including backup, address/telephone)
- Advance medical directives
- Durable medical powers of attorney
- Health care proxies
- Living wills
- Guardianships/conservatorships (names,
address/telephone)
- Trust agreements
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Personal and Family
- Birth certificates
- Marriage certificate
- Citizenship papers
- Divorce/separation papers
- Adoption papers
- Social Security numbers/cards
- Passports (numbers, expiration dates)
- Driver's licenses (numbers, expiration dates)
- Military records
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Other Important
Contacts
- Professional advisors other than health care
(name, address/telephone)
- Attorneys
- Insurance agents
- Financial advisors
- Stockbrokers
- Bankers
- Clergy
- Accountants
- Past employers (company names, address/telephone,
dates of retirement, contact persons, employee ID numbers)
- Close friends and neighbors (names,
address/telephone, indicate those who have keys to
house/apartment/condominium)
- Service providers (names, address/telephone)
- Club memberships, volunteer activities, and
senior centers (names, address/telephone)
- Landlord (name, address/telephone)
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