As life expectancy rates are increasing, and a wealth of information is available at your fingertips, it can be difficult to know where to start when it comes to planning your future in retirement. Adding a little structure and organization to the thought process can provide your clients with clarity and direction that allows them to breathe a little easier. Here are some questions your clients should be asking as they approach retirement age.
Have I openly discussed when I would like to retire and what that looks like for me?
Have I identified the top 3 priorities I’d like to focus on in the first 3 years of retirement?
Do I have a financial plan in place that takes into consideration my retirement income needs, inflation, budgeting, spending, a longer life and future expenses?
For a full list of questions your clients should consider, please refer them to the self-assessment tool.
It is a lot to digest but as you think through the design and the many stages this chapter in life will bring, these questions will help your clients recognize that living well at any age extends beyond financial comfort.