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WELCOME, AND THANK YOU FOR TAKING THE TIME TO COMPLETE THIS QUESTIONNAIRE.
YOU'LL BE GLAD YOU DID!
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What follows is a series of questions about these savings goals. It is six pages long and can take as little as fifteen minutes to complete.
(Is this too complicated? Try the Simple Plan.)
From the answers to these questions, you will get a custom Lifetime Savings Plan that, taking Inflation and Return on Investment into account, will show what you need to earn and save progressively (starting small and growing gradually over time) to afford the life you want to live.
To equip you to be an informed consumer of life insurance products and get the most value for your premium dollar, this planning method also includes a goal-oriented life insurance death benefit computation.
Please try not to be intimidated by these goals. On the contrary, be encouraged that discipline and foresight offer the least expensive way to afford them, by putting you on the receiving end of the compound interest equation. Since the majority of their costs will be funded by Return on Investment, by planning, you will be able to afford and enjoy these goals at a deep discount. I predict that you will be pleasantly surprised by how little you will have to earn to afford them. (For more information about Return on Investment, please see the Annual Newsletter on the web site.)
Your answers to these questions will be held in the strictest confidence - they are routed directly and only to my personal e-mail address - and the plan you are about to create comes absolutely free of charge or obligation.
So sit back, relax, take the opportunity to dream a little, and enjoy the process. Believe it or not, it can actually be fun! We're talking about your life, after all!
I look forward to the privilege of serving you.
Sincerely,
Kris Freeberg, Economist
Making End$ Meet
kris@makinendsmeet.com
(360) 224-4322
P.S. - Suggestion: after answering questions, and before clicking the "Continue" button, PRINT each page (landscape works best).
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CONTACT INFORMATION
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| Name:
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| Year you were born:
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| Date & Time:
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| Phone
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| E-mail
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| GOAL #1: EMERGENCIES
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EXPLANATION: An Emergency is any unpredictable financial setback. Examples:
- medical or therapeutic expenses not covered by insurance;
- breakdowns of major assets like vehicles or appliances;
- legal trouble;
- costly family problems necessitating time off work and/or travel;
- rest and recuperation from stressful events;
- time off & travel expenses to attend funerals;
- bereavement expenses not covered by insurance;
- unemployment;
- etc.
It is customary to allot 3-12 months' living expenses for emergencies, and to be prepared to afford an emergency once every four years, on average, over one's lifetime.
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| 1.1 - Roughly, what is your monthly cost of living?
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| 1.2 - How many months' living expenses would you like to have saved for emergencies?
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| 1.3 - By what year would you like to have saved this amount? (Recommended: within the next four years)
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| 1.4 - In the event of your untimely death, what percentage of your survivors' emergencies would you like to cover with life insurance? (Recommended: 100%)
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| 1.5 - Questions or comments about this goal?
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| GOAL #2: INSURANCE DEDUCTIBLE
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EXPLANATION: This is a particular kind of "Emergency" that is defined by your health insurance policy. The purpose of this goal is to afford whatever out-of-pocket expense you may incur as defined by your policy. Common out-of-pocket maximums are $3,000 - $10,000. Check your policy carefully to determine yours. Like Goal #1 above, it is prudent to be prepared to afford this need once every four years as well.
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| 2.1 - How much would you like to be able to afford to withdraw from savings and spend on insurance deductibles?
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| 2.2 - By what year would you like to have saved this amount? (Recommended: within the next four years)
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| 2.3 - What percentage of your survivors' insurance deductibles would you like to cover with life insurance? (Recommended: 100%)
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| 2.4 - Questions or comments about this goal?
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| GOAL #3: HOUSE PURCHASE
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EXPLANATION: This figure may be either a down payment (customarily 10% of the price), or the entire price if you feel able and willing to be patient enough to save the entire amount and avoid a mortgage altogether.
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| 3.1 - If you bought a house this year, how much money would you like to be able to afford to withdraw from savings and spend on it?
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| 3.2 - Is this figure the down payment or the entire price?
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Down Payment
Entire Price
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| 3.3 - By what year would you like to have saved this amount?
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| 3.4 - Suppose you die before the house is bought, and that you would like life insurance to help your survivors buy the house anyway. What percentage of the price would you like to cover with life insurance? (Recommended: 100%)
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| 3.5 - Questions or comments about this goal?
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| GOAL #4: CHILDBIRTH EXPENSES
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EXPLANATION: Childbirth expenses include both the cost of the birth itself (doctor, hospital, midwife, etc.), and just as importantly, the cost of being "blissed out": prepping the baby room, clothes, furniture, special niceties for Mom, time off work for rest and recuperation, etc. (For more information on childbirth expenses, do your research at sites like Surebaby.com.)
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| 4.1 - How many children would you like to have?
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| 4.2 - On average, how many years apart would you like to space them?
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| 4.3 - On a per child basis, how much would you like to be able to withdraw from savings and spend on childbirth expenses?
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| 4.4 - In what year would you like to have your first baby?
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| 4.5 - Questions or comments about this goal?
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* * * REMINDER: PRINT OR PDF BEFORE CLICKING "CONTINUE" * * *
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