Suze Orman - The Ultimate Protection Portfolio™ What Your ...

Suze Orman - The Ultimate Protection PortfolioTM What Your Financial Advisor Must Ask You or You Must Ask if the Advisor is You

? 2003 Suze Orman Revocable Trust

Name (Partner A): ______________________________________________________________________ Name (Partner B): ______________________________________________________________________ Address: _____________________________________________________________________________ _____________________________________________________________________________________ Phone number: ______________________________

Occupation:

Retirement date:

Will you get a pension?

Retirement plan:

Any loans against a retirement plan?

Will you get Social Security?

Is this your first marriage?

If not, what number is it?

Is your ex still alive? If you are receiving income from him/her at all, does it stop on his/her death? If you want to invest some money, for how long are you certain, without a shadow of a doubt, that you can let it stand without touching it? Age:

Health status:*

Partner A

Partner B

*The financial advisor needs to know about your health. Will your health prevent you from working? Do you need to plan for large medical expenses? Will you qualify for LTC insurance or health insurance? This is a key question. If your financial advisor has never asked you about your health or the health of your loved ones, you should think twice about using him or her.

Are your parents alive? If not, cause and age of death: Are they divorced/separated? Mother's age/health:* Father's age/health:*

Partner A

Partner B

*A good financial advisor should ask about the health of your parents and your life partner's parents to determine whether you are going to have to take care of them emotionally and financially.

Goals Partner A: ______________________________________________________________________ ______________________________________________________________________________ Partner B: ______________________________________________________________________ ______________________________________________________________________________

Emotional Quotient* * A financial advisor needs to know what makes you feel powerful or not--if, for example, you are afraid you will buy and sell at the wrong time. Investing is about making you comfortable, not just about making more money for you.

Do you get nervous when you think about investing in stocks? If you were to buy a stock at $15 a share and it went down to $10, how would you react, as rated on the scale below?

I'd lose sleep and be sick to my stomach

10

9

8

7

I'd check the papers daily when investing in stocks

6

5

4

I'd think, "That's what happens"

3

2

1

Cash Flow List all sources of income that you have now and that you expect to have when you retire. Write down one years' expenses so we can see what you really spend, compared to what you think you spend.

Security

Do you/your partner have disability insurance?

Do you/your partner have errors-andomissions or malpractice insurance (if applicable)?

What are the deductible and coverage on your car insurance, house insurance, and health insurance?

How long have you/your partner worked at your current occupation/s? Do you/your partner like your current occupation/s? Do you/your partner plan a career change in the foreseeable future? At what ages do you/your partner want to retire? Has your company downsized in the past ten years?

Partner A

Partner B

Family Parents All of the questions apply to both sets of parents: Do you have open communication with your parents about their money? ___________________ Will you be inheriting any money from your parents? ___________________ If your parents need physical or financial help, will you be the one responsible for them? ___________________ Are you or any family member willing to move them into your home if they need help? ___________________ Do your parents have an LTC insurance policy? ___________________ Do your parents have a will or trust and a durable power of attorney for health care? ___________________ Are both of your parents citizens of the United States? ___________________ If not, why not? __________________________________________________________________________

Children Names: ______________________________________________________________________________ Ages: ________________________________________________________________________________ Are your children dependent upon you financially? ___________________ How long do you anticipate that they will be financially dependent? ___________________ Do you have any children currently on Supplemental Security Income? ___________________ Do you have any children on Social Security Disability? ___________________ Do any of your children have (or have a history of) a substance abuse problem? ___________________ Will you be paying for their college education? ___________________ Have you started to save for their college education? ___________________ Do they think you will be paying for their college education? ___________________

Are you willing to sacrifice your retirement security in order to pay for your children's education? ______________ Are you opposed to your child having to pay for his or her own education? ___________________ Have you paid for any of the other children's education at this point in time? ___________________ Do you talk freely with your children about money? ___________________ Do you feel that if you were to die today, they would be capable of handling the money you are going to leave them? ___________________ If not, at what age do you feel you would let them get control of this money, if ever? ___________________ Do you feel that you want someone else to watch over the money for your children, and if so, until they are how old? ___________________

Real Estate Home Do you own a home? ___________________ What is the fair market value (FMV) of that home today? ___________________ What was the purchase price of the home? ___________________ Before this home, did you own a home or homes that you sold? ___________________ Did you roll your taxable gains (from the sale of your home or homes) into your current home? ________________ If so, what was the purchase price of the first house that you started with? ___________________ Have you kept records of all the home improvements that you have made to this home or any prior homes? ______ If no records were kept, can you estimate the cost of improvements on all homes to date? ___________________ What is the balance that you owe on the mortgage? ___________________ What is the interest rate? ___________________ Is it a fixed or a variable loan? ___________________ How many years do you have left until it is paid off? ___________________ Do you have a home equity loan or second mortgage on this home? ___________________ What is the balance remaining on that loan? ___________________ What is the interest rate of that loan? ___________________ Do you plan on keeping your current house? ___________________ If not, how long before you sell it? ___________________ If you sell it, will you be buying another one? ___________________ How much will you want to spend? ___________________

Other Real Estate Do you own any other real estate? If yes, please answer the following questions for each piece of property owned: What kind of property is it (apartment building, commercial property, rental unit, second home, vacation home, etc.)? ___________________ What is the FMV of that piece of real estate? ___________________ What was the purchase price? ___________________ Did you own other similar real estate that you sold to buy this property? ___________________ Did you roll your taxable gains into this property? ___________________ What was the purchase price of the first property that you started with? ___________________

What is the balance that you owe on the mortgage? ___________________ What is the interest rate? ___________________ Is it a fixed or a variable loan? ___________________ How many years do you have left until it is paid off? ___________________ Do you have an equity loan or second mortgage on this property? ___________________ What is the balance remaining on that loan? ___________________ What is the interest rate of that loan? ___________________ Do you plan to keep this property? ___________________ If not, how long before you sell it? ___________________ If you sell it, will you be buying another one? ___________________ How much will you want to spend? ___________________

TOTAL EQUITY IN ALL REAL ESTATE OWNED (FMV minus all mortgages and all equity loans): ___________________

Debts* *A financial advisor should ask about debt because he or she needs to know if you would be better off paying your debt than investing in the stock market.

Car

Do you owe any money on a car or have a car loan?

Car A

Balance of loan

__________

Interest rate

__________

Years remaining on loan

__________

Do you plan on selling any

of these cars?

__________

If so, when?

__________

Car B __________ __________ __________

__________ __________

Car C __________ __________ __________

__________ __________

Credit Cards

(begin with the one charging the highest interest rate)

Amount Owing

Card #1 ________________________________

__________

Card #2 ________________________________

__________

Card #3 ________________________________

__________

Card #4 ________________________________

__________

Interest Rate __________ __________ __________ __________

Yearly Fee __________ __________ __________ __________

School Loans ______________________________________ ______________________________________

__________ __________

__________ __________

___________ ___________

Personal Loans ______________________________________ ______________________________________

__________ __________

__________ __________

___________ ___________

Credit Union Loans ______________________________________ ______________________________________

__________ __________

__________ __________

___________ ___________

TOTAL CURRENT DEBT: ___________________

Anticipated Debt*

Will you be making any large purchases in the next two years (buying a new car, a new roof, or a computer; taking

a vacation; etc.)? Please list the item and the amount you expect to spend.

Item

Amount

_______________________________ ______________________________

_______________________________ ______________________________

_______________________________ ______________________________

_______________________________ ______________________________

*It is critical that your financial advisor know about your anticipated debt. If you'll need money in the near future,

you should not be investing that money.

Add up your current debt and anticipated debt. TOTAL ANTICIPATED DEBT: ___________________

Cash on Hand (available at any time with or without penalty) Current Balance

Savings account ____________________________ ____________ Checking account ___________________________ ____________ Money Market funds _________________________ ____________ Credit Union _______________________________ ____________ Other _____________________________________ ____________

Interest Rate ____________ ____________ ____________ ____________ ____________

Monthly Income ____________ ____________ ____________ ____________ ____________

TOTAL CASH ON HAND: ___________________

Cash-type Investments

Certificates of deposit Treasury bills Other

Value ___________ ___________ ___________

Current Int. Rate ____________ ____________ ____________

Maturity Date ____________ ____________ ____________

Monthly Income ____________ ____________ ____________

TOTAL CASH-TYPE INVESTMENTS: ___________________

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