To help your Wealth Manager build a picture of where you are now, you may want to make a note of the following information and bring it along to your first meeting:
Goals
- What do you want to do in your retirement?
- What short, medium and long term goals do you have?
- How important are these goals?
- What are you doing about them?
Assets
- Cash – your savings and term deposit account balances and where they are held.
- Property – estimated value and the outstanding balance of your home loan/s.
- Shares and other investment assets – look for statements or valuations.
- Superannuation schemes, such as KiSaver or pension schemes – how much do you have in them and where are they held?
Your expenses
Borrowings – how much and who from; include hire purchase, credit cards and finance.
Upcoming expenses – any plans you have for large expenses, such as a wedding, new house, new car, or travel.
Regular outgoings – a rough idea of how much you spend on everyday living.
Income
- Wages, salary or drawings.
- Dividends or investment income.
- Rental income.
Personal information
- Your tax status, IRD number and tax rate.
- Life insurance policy information, including who is insured and for how much.
Legal entities and businesses
- Any legal entities you are involved in, such as a family trust, company or partnership.
- Any business interests you have, such as running your own company or being a silent partner.
