Financial Readiness
Financial Readiness, Protection & Tax Awareness Assessment
This brief questionnaire helps identify potential gaps in retirement planning, income protection, insurance coverage, and tax efficiency.
This assessment is designed to provide a high-level overview of an individual’s financial preparedness and risk exposure. It helps identify potential gaps that may affect long-term stability, income continuity, and overall financial efficiency.
Purpose of the Assessment
The goal of this questionnaire is to increase awareness around key financial areas that are often overlooked and to highlight where further planning or professional guidance may be beneficial. Key Areas Covered
1. Retirement Readiness
Evaluates whether current savings, contributions, and planning efforts are aligned with long-term retirement goals. It considers factors such as consistency of retirement contributions, understanding of future income needs, and preparedness for lifestyle expenses after retirement.
2. Income Protection
Assesses the ability to maintain financial stability if income is disrupted due to illness, injury, or unexpected life events. This section focuses on emergency savings, income replacement strategies, and preparedness for short- or long-term loss of earnings.
3. Insurance Coverage
Reviews the adequacy and relevance of existing insurance policies. It helps identify potential under-insurance or outdated coverage related to life, health, disability, or critical illness, ensuring protection aligns with current responsibilities and life stage.
4. Tax Awareness & Efficiency
Examines awareness and use of tax-advantaged strategies. This includes understanding how taxes impact income, savings, and investments, as well as whether steps are being taken to reduce unnecessary tax exposure legally and efficiently.
How to Use the Assessment
Results are not intended to provide advice, but rather to:
• Highlight strengths and weaknesses in current financial planning • Encourage informed financial decision-making • Serve as a starting point for deeper review or professional consultation
Disclosure:
Important Note
This assessment is for educational and informational purposes only and does not replace personalized financial, tax, or legal advice.
Purpose of the Assessment
The goal of this questionnaire is to increase awareness around key financial areas that are often overlooked and to highlight where further planning or professional guidance may be beneficial. Key Areas Covered
1. Retirement Readiness
Evaluates whether current savings, contributions, and planning efforts are aligned with long-term retirement goals. It considers factors such as consistency of retirement contributions, understanding of future income needs, and preparedness for lifestyle expenses after retirement.
2. Income Protection
Assesses the ability to maintain financial stability if income is disrupted due to illness, injury, or unexpected life events. This section focuses on emergency savings, income replacement strategies, and preparedness for short- or long-term loss of earnings.
3. Insurance Coverage
Reviews the adequacy and relevance of existing insurance policies. It helps identify potential under-insurance or outdated coverage related to life, health, disability, or critical illness, ensuring protection aligns with current responsibilities and life stage.
4. Tax Awareness & Efficiency
Examines awareness and use of tax-advantaged strategies. This includes understanding how taxes impact income, savings, and investments, as well as whether steps are being taken to reduce unnecessary tax exposure legally and efficiently.
How to Use the Assessment
Results are not intended to provide advice, but rather to:
• Highlight strengths and weaknesses in current financial planning • Encourage informed financial decision-making • Serve as a starting point for deeper review or professional consultation
Disclosure:
Important Note
This assessment is for educational and informational purposes only and does not replace personalized financial, tax, or legal advice.