7 Questions You Must Answer Before Retirement

By James E. Wilson via Iris.xyz

Almost 10,000 Americans turn 65 years of age each day. Most are poorly prepared for what lies ahead. We have isolated seven questions that everyone must answer BEFORE they retire. These questions are:

  1. When Will You Retire?
  2. Where Will You Retire?
  3. When Will You Take Social Security?
  4. What Will Your Health Insurance Coverage Be?
  5. How Much Risk Do You Need?
  6. What Will You Do?
  7. How Will You Handle “The Unknowables”?

When?

When you retire holds the place of priority among the list for obvious reasons. Once you stop working, you start withdrawing and depleting your accumulated pool of financial resources. One fun fact: the average retirement age in the U.S. has changed very little over the past half century.

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