Retirement has two sides to it. The first is enjoyment going on vacations, out to dinner, seeing movies, etc. The other side is worrying about finances to do everything.
There are certain questions you should think about, and discuss your ideal retirement lifestyle with your partner. Talk through these ten questions…
- When do you want to retire?
- Where do you want to retire to?
- How much retirement income do you anticipate earning say from Social Security, a 401(k), pensions, etc.
- What does your retirement lifestyle look like?
- How much do you need in savings to realistically fund that lifestyle?
- Are you able to make catch-up on contributions if you are below your needs?
- Do you plan to claim Social Security before you reach your full retirement age of 67 years old?
- Do you plan on working part-time during retirement to supplement your savings?
- What are your current and future health needs?
- Do you have life and long-term care insurance?
So, do you have the answer or is this something you need to ponder on? Retirement can be fantastic as long as you’re prepared!
Now, on a final note, we’d like to take this opportunity to remind you about our Senior Trade Shows Expos! There you’ll see our theme for all our 2023 expos is Mardi Gras! Check out our flyer below to save the upcoming date on your calendar! Just click for more information, on registering to attend. In the meantime, we would appreciate you liking us on Facebook.
