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W.E. Winners
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RetirementTwo Arrows

Retirement Checklist
by Gabe Bentovim, CPA
Contributing Editor to WealthEffect.com

  
 
The following is a list of questions to consider about retirement:
  1. When do you think you will retire?
  2. What is the lifestyle you desire in retirement?
  3. What would you estimate that lifestyle would cost you now?
  4. How much will the cost be by the time you retire?
  5. Will you have any earned income in retirement?
  6. How much pension income will you receive?
  7. How much social security income will you receive, and when?
  8. How much do you expect to have in your 401k, IRA, and other retirement plans?
  9. Does a Roth IRA conversion make sense?
  10. Do you plan to transfer any of your wealth? During your lifetime or after?
  11. Do you have a will?
  12. If you plan to set up any trusts for children, grandchildren or others, have you?
  13. Do you have enough life insurance?
  14. Should you create life-insurance trusts?
  15. Do you expect to inherit money from others?
  16. Do you think you should have, and can you afford, long-term care insurance?
  17. Is your family-health history an important consideration?
  18. What will your tax bracket be prior to and during your retirement?

Suggestion: Go to Last Will & Testament

  
 
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