Key Questions for Retirement
The right questions lead to the right answers.
What is your "Retirement Number"?
Do you know exactly how much monthly income you need to maintain your current lifestyle after you stop working?
How will inflation affect your purchasing power?
A fixed pension may seem adequate today, but what will its value be in 20 or 30 years? Inflation is the invisible thief of retirement.
Are your beneficiaries up to date?
When was the last time you reviewed who is named on your accounts? Life changes, and your plans should reflect that.
What are the tax implications of your withdrawals?
Understanding the difference between pre-tax and post-tax accounts can save you thousands in retirement.