Below are some common questions to ask your financial advisor:
- When do you think that I can retire, and what are my options?
- Do I have enough money to retire?
- What should my retirement goals be?
- What do you think of my current financial plan for retirement?
- How much can I spend in retirement? Will I be able to keep up my lifestyle?
- How will I fund my lifestyle once I have retired?
- What will taxes be like for me in retirement?
- How long will my money last before I run out of income?
- What can you do to help me be ready for major financial risks in retirement?
- I have a pension. What could happen if something happened to my old employer or if my pension benefits were cut?
- When should I take Social Security benefits?
- What should I know and do about Medicare and health coverage in general?
- What can healthcare cost me throughout my retirement years?
- What do you do to help my retirement plan keep up with inflation?
- What can happen if I retire in a recession or market crash? How do we plan for that?
- What are some other ‘bad situations’ to keep in mind, and how can you help you plan for those scenarios?
- Say I choose to delay retirement or keep working. What are the advantages and disadvantages of doing that?
- What can we do to ensure that my spouse or I have sufficient financial resources in place should one of us pass away?
- How much could long-term care cost us in retirement? How likely are we to need some sort of long-term care support?
- What sort of life changes have you seen other people experience in retirement?
- What do you think of my estate plan?
- What else can I do to prepare for retirement?