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Financial Planning - Pre-retirement Planning Questionnaire

Pre-retirement planning questionnaire

  • At what age do you plan to retire?
  • What minimum level of annual income is needed for recurring expenses?
  • What optimum level of annual income is needed to maintain current standard of living?
  • What anticipated special circumstances or events will require extraordinary expenditures (e.g., educational expenses, weddings, special purchases, gifts)?
  • Have the effects of inflation on retirement expenses been considered in preparing retirement budgets and projections?
  • Are you currently saving at a rate sufficient to provide for an adequate retirement income?
  • If you are contemplating early retirement, is the projected level of capital accumulation and pension benefits sufficient to fund an early retirement?
  • Have you begun to reposition investments in favor of lower-risk and/or higher- income?
  • Have you re-evaluated all areas of insurance coverage in light of impending retirement?
  • Have you made a decision as to retirement housing requirements, including contingency plans in the event of death of a spouse or prolonged illness?
  • If you anticipate needing nursing home care for yourself or your spouse, how do you plan to meet the expense for such care?
  • Have you decided whether to take a lump-sum withdrawal, annuity, or periodic withdrawal payments from qualified retirement plan? (IRA, TSA)
  • Have you determined the life-style desired in retirement, including activities and hobbies that will ensure an active retirement?
  • Do you have a Will, a Wisconsin Basic Power of Attorney for Finances and Property, a Living Will, and a Power of Attorney for Health Care?