Important decisions to make in advance, before your crack your nest egg
How do I want to spend my time?
- To work or not to work?
- Volunteering?
- Relocation/downsizing?
- Fitness and Health
- Fun?
Click here for a Retirement Lifestyle Workbook from MoneyGuide Pro (PDF)
Retirement Asset Planning
Do I or will I have enough? Don’t guess let’s run the numbers, so you really know.
- Assets--when to use what
- How much will I need to retire, considering inflation, health care, additional travel and other needs, wants and wishes? Are my goals the same or different from my spouse?
- How much should I be saving each year so that I can retire? How does that change if my retirement dates change?
- What’s the earliest I could retire if I wanted to?
- How can I track my progress towards retirement over time?
Retirement Transition
Ready set go!! Am I emotionally, socially, and financially ready?
- I’ve been offered an opportunity to retire with an ‘early-out’ package but I don’t know if I should. What should I do and how can I decide?
- I’ve been thinking about setting a date for retirement but how can I know if I’m ready? Will I have enough money?
- What is the most appropriate pension option to select: lump sum, annuity, single life only, or joint-and-survivor?
- How should I coordinate my health insurance with respect to COBRA, Medicare and any gap period between the two?
- Long term care, self-fund or insure? What is the right thing for us?
- Social Security—a complex question—with many right answers depending on your situation how do you maximize yours? When should you take Social Security — at age 62, 66, or 70, or somewhere in between? And how should I coordinate spousal or ex-spousal benefits?
Retirement Management
I’ve decided to retire, now what?
- Social Security, Medicare, what are my options? How do I know what is right in my situation?
- What do I do with my retirement accounts, my pension, and my taxable accounts?
- Someone told me, that the order I withdrawal / spend my investment funds can make a big difference in how long my money will last? What’s the right order for my specific situation?
- I’ve heard that making a mistake on how to take my IRA or retirement plan distributions when I turn 70 1/2 can be really costly. How does this all work?
- Should long term care insurance be part of my plan?
- Is how I invested before retirement still right for me after retirement?
Click here for the Importance of Planning brochure from MoneyGuide Pro (PDF)
Social Security Maximization
Click here for a Social Security Benefits workbook from MoneyGuide Pro (PDF)
