The 5 W questions you have to ask yourself.

Thinking about retirement may become easier if you just ask:

Who? Who is most important to you? Your spouse, partner, kids? When you plan youR retirement, you generally are thinking about yourself and those who are important to you, their care and wellbeing, how they fit into your retirement picture,etc.

What? What assets do you have, or can you accumulate to make your retirement a reality? Look at where you are now and do regular financial checkups of what you have accumulated.

When? When would you like to stop working? Just because you reach full retirement with Social Security at age 66, does not mean you are ready to hang it up. You need to feel comfortable mentally as well as financially for your when.

Where? Where do you want to retire? I have no intention of moving but many others dream of moving. Do you want to downsize? Relocate? Have more than one retirement home? Determining where you retire may plan into your when you retire.

Why? Why do you want to retire? I often ask my clients if they know what they will do with their time in retirement. If you cannot answer this question, you may not be ready to retire.

These 5 W questions are ones we all learned as children. They are just as important for us to ask ourselves as adults.

 

disclosures:http://www.hechteffect.net/?page_id=31