Insurance | * Protect surviving family members * Protect against income loss * Provide for mortgage protection * Participate in group benefits | *Adjust surviving family members protection plan * Adjust income loss protection plan *Continue participating in group benefits | * Provide for long-term care *Adjust income loss-protection plan *Continue participating in group benefits *Set up funding for business transfer | * Review liquidity for transfer taxes * Review long-term care needs * Provide for supplemental health coverage |
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| Investments | * Create emergency fund * Create additional savings * Manage debt * Determine investment strategy
| * Add to savings * Begin college funding * Continue debt management * Review investment strategy and asset allocation | * Add to college funding * Reduce debt * Review investment strategy and asset allocation | * Review investment strategy and asset allocation for new risk tolerance
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| Retirement | * Participate in employer sponsored qualified plan
| * Add to employer sponsored qualified plans * Monitor and adjust assets * Join selective retirement plans | * Monitor and adjust qualified plans * Monitor and adjust selective retirement plans | * Set up retirement income distribution plan * Convert excess retirement income to transferable assets
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| Estate | * Prepare estate-planning documents * Will/trust -Power of attorney -Guardianship -Living will & advanced directive | * Review estate-planning documents * Plan for estate liquidity
| * Conduct advanced estate planning * Consider gifting program
| * Implement business-transfer plan * Implement gifting program * Review advanced estate planning * Implement charitable planning
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