Details of the Financial Plan Each individual’s plan is unique. It may or may not include all the contents indicated below and may vary in subject matter. A financial plan may include collaboration with other professionals such as an estate planning attorney and accountant. Income Tax and Cash Flow PlanningCurrent Income Tax EstimateProjected Income Tax EstimateTax Planning IdeasPersonal Cash Flow AnalysisCurrent Annual Living ExpenseSummaryInvestment and Portfolio PlanningCurrent Balance Sheet Asset Composition (Chart)Analysis of Projected Returns Individual Property Analysis Investment Asset Reposition Potential Sale and Purchase Suggestions Review of DebtRetirement PlanningManagement of WealthCapital Needs for RetirementEstimate of Retirement Spending NeedsEstimate Savings to Meet ObjectivesRetirement Suggestions Dependent FundingEstimate Cost for Dependent and Other Funding NeedsSavings Level Required to Meet NeedsSummary of Funding Alternatives Estate PlanningYour Estate Planning ObjectivesReview of Your Wills, Trusts and Other DocumentsEstate ShrinkageEstimate of Tax Liability Insurance PlanningCapital Needs AnalysisReview of Your Insurance Portfolio and CostsDisability Needs AnalysisReview of Major Medical and Long Term Care Insurance ACTION SUMMARYDecisions/RecommendationsSummary of recommendations made throughout your Financial Plan Please Note: The scope of any financial planning and consulting services depends upon the terms of the engagement and the specific requests and needs of the client (financial planning is generally provided per the terms of a separate agreement and fee). Professional Planning does not serve as an attorney, accountant, or insurance agent. Professional Planning does not prepare legal documents or tax returns, nor does it sell insurance products. If the client desires, one of the Professional Planning's representatives, in their separate individual licensed capacities, can be engaged to provide insurance sales/services as described on Professional Planning's written disclosure Brochure, per the terms and conditions of separate engagement and fee.