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Team Cocco Financial Planning

Financial Disorganization Assessment

IFR Module 207 -- Identify Physical & Temporal Disorganization

Financial disorganization comes in two forms: Physical (scattered accounts, lost documents, no central system) and Temporal (outdated plans, life changes not reflected, products from old circumstances). Check each item that applies to your situation.

📂 Document & Record Keeping

Cannot locate important financial documents within 5 minutes High Impact
Insurance policies, tax returns, account statements, legal documents
No centralized filing system for financial records
Documents scattered across drawers, email accounts, boxes, glove compartments
No digital backup of critical documents
Important papers exist only as physical copies with no scans or digital storage
Family members wouldn't know where to find financial info
If something happened to you, spouse/family couldn't access essential records

🏦 Account & Provider Fragmentation

5+ financial institutions with no coordination High Impact
Multiple banks, brokerages, insurance carriers with no unified view
Old 401(k) or retirement accounts left at former employers
Forgotten or neglected accounts from previous jobs
Multiple advisors who don't communicate with each other
Insurance agent, investment advisor, accountant, attorney working in silos
Cannot provide a complete list of all accounts and policies
Unsure of full inventory of financial products currently owned
Password/login chaos for financial accounts
Can't access accounts easily, forgotten credentials, no password manager

📅 Outdated Plans & Products

Financial plan created 5+ years ago and never updated High Impact
Original assumptions about income, goals, and circumstances no longer valid
Insurance coverage levels set when circumstances were very different High Impact
Life insurance from when single, disability coverage from entry-level job
Beneficiary designations haven't been reviewed in 3+ years
Ex-spouse, deceased parent, or minor child still listed as beneficiary
Estate documents don't reflect current wishes
Will or trust created before marriage, additional children, or significant asset changes
Investment allocation hasn't been reviewed in 2+ years
Risk tolerance or time horizon has changed but portfolio hasn't adjusted

🔄 Life Changes Not Reflected

Major life event without financial plan update High Impact
Marriage, divorce, birth, death, inheritance, job change, home purchase not reflected in plan
Income has significantly changed without protection adjustment
Promotions, career changes, or business income not reflected in coverage
New assets or liabilities not incorporated into the plan
Rental property, business, student loans, or inheritance not captured
Health changes not addressed in financial plan
New diagnosis, changed insurability, long-term care considerations
No annual financial review scheduled or conducted
No regular cadence for reviewing and updating financial strategy
Overall Disorganization Score
0
out of 40 possible points
Pending
Physical Disorganization
0%
0 of 9 items
Temporal Disorganization
0%
0 of 9 items

Recommendations

Team Cocco Financial Planning · Largo, FL