RMJ Financial Foundation

Quick Gap Analysis

A focused review of the essential protections and wealth-building strategies every household should consider.

This short analysis helps identify areas of your financial foundation that may deserve a closer look. Review each category, note potential gaps, and identify the priorities that should be addressed next.

1
Build the Foundation Budgeting and emergency reserves
2
Protect Income & Assets Insurance and liability protection
3
Build & Grow Wealth Investing and long-term strategies
Financial Foundation Review

Complete Your Gap Analysis

Work through each area below and add any notes that may be helpful during your financial review.

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Housing
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How to use: Mark “Review” when an item exists but should be evaluated and “Missing” when it is not currently in place. Add important details in Comments.

1. Build the Foundation

Monthly budget(Required)
A written plan that directs income toward expenses, protection, savings and goals.
Emergency fund(Required)
Accessible cash for unexpected expenses and temporary income interruption.

2. Protect Income and Assets

Term life insurance(Required)
Affordable income replacement for family needs, debt, mortgage and education.
Auto insurance(Required)
Adequate liability, vehicle, medical and uninsured-motorist protection.
Homeowners or renters insurance(Required)
Protection for the home or belongings, replacement costs and personal liability.
Personal umbrella policy(Required)
Additional liability protection above home and auto policy limits.

3. Build and Grow Wealth

Automated investment plan(Required)
Consistent monthly investing that turns financial goals into a regular habit.
Professional money management(Required)
Investments selected, allocated, monitored and rebalanced with professional guidance.
Retirement planning(Required)
A strategy for accumulation, retirement income, taxes and long-term sustainability.
College planning(Required)
A defined savings and investment strategy for future education expenses.
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What happens next?

Your advisor can use the results of this analysis to help identify your highest-priority financial gaps and discuss appropriate next steps.