Financial Behavior Assessment (Age 55+) Financial Behavior AssessmentFor adults 55+ approaching or in retirement 30 questions • Completely confidential • Takes ~8–10 minutes 🖨️ Print Questionnaire Your Information (Optional) Provide your contact details if you'd like to share results with Truesdell Wealth Name: Email: Phone: Investment Behavior 1. If your $50,000 investment drops 15% ($7,500) in a month, how would you feel? A) Extremely upset—I'd sell immediately B) Very concerned—I'd strongly consider selling C) Worried but would monitor closely D) Mildly bothered—would stick to my plan E) Not bothered—normal market volatility 2. At what loss percentage would you become angry rather than just concerned? A) 5% loss B) 10% loss C) 15% loss D) 20% loss E) 25%+ loss or wouldn't become angry 3. How long are you willing to hold an underperforming investment before selling? A) A few weeks to months B) 6 months to 1 year C) 1–2 years D) 3–5 years E) 5+ years if fundamentals remain sound 4. How often do you delay non-essential purchases to preserve retirement savings? A) Rarely or never B) Sometimes C) Often D) Almost always E) Always—very disciplined 5. If the market drops 20%, how confident are you that it will eventually recover? A) Not confident—would consider selling B) Slightly confident but worried C) Moderately confident D) Very confident—history shows recovery E) Extremely confident—opportunity to buy more 6. Your portfolio loses 8% in a quarter. How upset are you? A) Devastated—can't sleep B) Very upset—constantly worried C) Moderately upset—concerned D) Slightly upset—disappointing but acceptable E) Not upset—expected volatility Planning & Health Considerations 7. What is your expected lifespan when planning financially? A) 75 or younger B) 76–84 C) 85–89 D) 90–94 E) 95+ 8. How far into the future do you plan your retirement budget and spending? A) 1–5 years B) 6–10 years C) 11–20 years D) 21–30 years E) 31+ years 9. How carefully do you consider your health trajectory when planning retirement spending? A) Barely at all B) Occasionally think about it C) Somewhat carefully D) Quite carefully—factor it in regularly E) Extremely carefully—central to planning 10. How often do you think about potential long-term care costs in retirement? A) Rarely or never B) Occasionally C) Sometimes D) Frequently E) Constantly—have a plan in place 11. How likely are you to adjust your financial plan if a significant health issue arises? A) Unlikely to change plans B) Somewhat unlikely C) Neutral—depends on severity D) Likely to adjust E) Very likely—would revise immediately 12. How often do you update your estate plan based on health or life changes? A) Never or rarely B) Every 5+ years C) Every 2–4 years D) Annually or when changes occur E) Regularly review and update as needed Decision-Making & Collaboration 13. When making financial decisions, do you prefer working alone or with others? A) Strongly prefer making decisions alone B) Prefer to decide independently C) No strong preference D) Prefer collaboration with advisor/spouse E) Strongly prefer collaborative decisions 14. How often do you consult your spouse/partner before making investment decisions? A) Never—I decide independently B) Rarely C) Sometimes for major decisions D) Usually consult them E) Always—we decide together 15. How much does your spouse's or partner's financial temperament influence your decisions? A) Not at all B) Slightly C) Moderately D) Quite a bit E) Almost entirely—we're aligned 16. How much do family or friends' opinions influence your investment choices? A) Not at all—I trust my own judgment B) Slightly C) Moderately—I consider their input D) Quite a bit E) Very much—I value their experience 17. How much do you value collaborative planning with a financial advisor? A) Not at all—prefer self-directed B) Slightly C) Moderately D) Quite a bit—want input E) Very much—essential partnership Research & Professional Standards 18. Before making an investment, how much research do you typically do? A) Little to none—rely on recommendations B) Brief review of basics C) Moderate research (1–2 hours) D) Thorough research (several hours) E) Exhaustive research and due diligence 19. How comfortable are you analyzing financial data (P/E ratios, balance sheets, etc.)? A) Not comfortable at all B) Somewhat uncomfortable C) Neutral—can understand basics D) Fairly comfortable E) Very comfortable—do it regularly 20. When choosing an advisor, how important is personal rapport versus credentials? A) Credentials far more important B) Credentials somewhat more important C) Both equally important D) Rapport somewhat more important E) Rapport far more important 21. How important is it that your advisor acts as a fiduciary (legally bound to put your interests first)? A) Not important to me B) Slightly important C) Moderately important D) Very important E) Absolutely critical—non-negotiable 22. How important is transparency in fee structures and advisor compensation? A) Not important B) Slightly important C) Moderately important D) Very important E) Extremely important—must be crystal clear 23. How important is it that your advisor discloses all potential conflicts of interest? A) Not important B) Slightly important C) Moderately important D) Very important E) Non-negotiable requirement 24. How important is it that your advisor holds professional designations (CFP, CFA, etc.)? A) Not important B) Slightly important C) Moderately important D) Very important E) Essential—must have credentials 25. How important is your advisor's ability to explain complex topics in simple terms? A) Not important—I understand finance B) Slightly important C) Moderately important D) Very important E) Critical—must communicate clearly Memory & Daily Function These questions help us understand how to best support your financial decision-making 26. How often do you forget appointments or meetings you've scheduled? A) Never or very rarely B) Occasionally (few times a year) C) Sometimes (monthly) D) Often (weekly) E) Frequently (multiple times per week) 27. Have you noticed any changes in your ability to manage finances (checkbook, bills, statements)? A) No changes—I manage well B) Minor occasional errors C) Some difficulty, need to be more careful D) Noticeable difficulty, sometimes miss payments E) Significant difficulty, need help 28. How often do you have difficulty remembering recent conversations or events from the past few days? A) Rarely—my memory is sharp B) Occasionally forget minor details C) Sometimes forget conversations D) Often forget recent discussions E) Frequently have no memory of recent events 29. Do you ever have trouble making decisions about everyday matters (what to wear, what to eat, daily tasks)? A) Never—decisions are easy B) Rarely have difficulty C) Sometimes feel overwhelmed D) Often struggle with simple choices E) Frequently cannot decide 30. Have family members or friends expressed concern about your memory or thinking? A) No, never B) Very rarely, in passing C) Occasionally someone mentions it D) Yes, several people have expressed concern E) Yes, frequently and with worry See My Results