Financial Planning Worksheet

Preparing a well-detailed financial planning worksheet is one of the most effective ways to go about financial planning. A financial planning worksheet is a detailed charting out of your income and expenditures, savings and investments to keep track of your assets and stay on top of them.

A good financial planning worksheet will take into account every aspect of your finances: your net income, expenditures, investments, insurance protection, and more.

First, you start with your assets: checking, savings, CDs, brokerage accounts, 401(k), profit-sharing, pension, SEP-IRA, annuities, cash value life insurance, stock options, precious metal – everything you own should go into the first column.

Then you’ll want to take a good look at your protection needs. Do you have the right amount of life insurance for your wealth creation and preservation needs? How about long-term disability and long-term health insurance?

Your debits are also taken into account. Do you still owe a mortgage? Have you taken out home equity, auto, or student loans that have not yet been paid off?

A statement of net worth may look something like this:


  • Checking/Savings accounts
  • Certificates of deposit
  • Cash value of current life insurance
  • Mutual funds/stocks/bonds
  • College funds invested in 529s
  • Equity in home
  • Equity in second home/time share
  • Vehicles/motorcycles/boats/planes
  • Jewelry
  • Other high-value collectibles


  • Signature loans
  • Auto loans/leases
  • Student loans
  • Outstanding credit card debt
  • Mortgage balance

Many successful individuals feel confident that they can fill out and track a financial worksheet by themselves. That may not always be the case. For example, you may calculate that you carry a $1,000,000 death benefit from a life insurance plan. In reality, the years that have elapsed and the steady drip of inflation may have reduced that amount to far less than you anticipated when you purchased your policy.

With a professional financial planner, you can avoid missing out on any fine detail that can alter all your plans. A financial can help you stay focused on your plan and be in a better position to enjoy your retirements with the right financial planning.

We have helped thousands of successful individuals to create smart financial plan. If this something you want for yourself then please call (877) 972-3262 or complete contact us form now.

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Regardless of the topic or question, BeamaLife has unique individuals with the right background to address my concerns. As a result, I have a much clearer understanding of how certain wealth creation strategies were the right fit for my company. I also have been able to take much higher income tax deductions for the corporation by implementing a plan set forth by Neil Jesani. They have maintained an unmatched level of professionalism during my interactions with them over the years.”

Mr. Peters
Software Company Owner, California

“BeamaLife was referred to me by my CPA for my pension plan funding. I also wanted to take care of my estate tax need. Neil and his team have done a superb job of creatively funding my pension plan, acquiring most cost-effective life insurance for our estate planning need with very minimum out pocket using velocity of money principle and putting my existing investment to second use. They also help us setting up all our estate planning documents.”

Dr. Martin
New Jersey

“BeamaLife has been a great advisor to us for many, many years. They not only helped us take higher income tax deductions but, also helped us organize our investment portfolio in an efficient manner. Through this relationship, we were able to create substantial wealth with the very low out-of-pocket expense. Neil Jesani from BeamaLife is very responsive, professional and extremely knowledgeable”

Mr. Sakaria
Multiple Pharmacy Owner, New York

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