By Kevin Wrenn on Oct 30, 2017
A recent survey by Charles Schwab found that only 25% of Americans have a written financial plan. If you think your close to retirement, do you know the following:
- How much money do you need to retire?
- When should you take social security?
- Do you know your average yearly expenses including yearly inflation adjustments?
- Do you know an estimate of your expected healthcare and long term care costs in retirement?
- Do you have a financial caretaking plan in the event you are unable to manage your own finances?
These are just a few topics that comprehensive financial planning addresses to provide clarity and peace of mind during retirement. Having a plan can help you enjoy the lifestyle you worked so hard to achieve. Not having a plan can be the equivalent of driving in a big city without your GPS. Don’t let your retirement get lost in the wrong part of town with no one to ask for directions!
