Answering these questions may provide some insight into how well prepared you are to retire.
| yes | no |
Do you own your home free and clear? If not, will you have enough income to pay for it? |
| yes | no |
Have you planned for the future of your children or others financially dependent on you? |
| yes | no |
Have you estimated how much retirement income you will receive from all sources? Is your estimate between 60-80 percent of your preretirement income? |
| yes | no |
Have you included a realistic inflation factor in estimating the income you will need throughout retirement? |
| yes | no |
Have you considered your future health care costs when projecting your income needs in retirement? |
| yes | no |
Have you saved for or planned for major expenses such as home repairs or an automobile purchase you expect to make during retirement? |
| yes | no |
Do you plan to maintain cash in reserve for a family emergency? |
| yes | no |
Have you considered that at a time of increasing life expectancies, greater demand is placed on your personal savings and investments since they must last for a longer period of time? |
| yes | no |
Do you already have a fulfilling leisure time activity or hobby you plan to devote more time to in retirement? |
