This is a question I was recently asked by a woman who wanted to discuss her husband’s upcoming retirement. She told me that they are very comfortable right now managing their investment but need a road map to see if they are on the right path.
“Why, yes I can” was my response. In my opinion, the road map is an important first step when planning for retirement. I want to know where you are now as far as sources of income, upcoming life cycle events, how you are living your life, and what your dreams and desires are. I also want to know what your sources of income in retirement might be, as well as what retirement means. Will one or both work at something part time? On a contract basis? Volunteer? Help out family? Retirement comes in many different shapes and sizes. I also want to know if provisions have been made for long term care and succession planning.
All of these points are important in determining if there will be enough income and how your assets should be invested.

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