Financial
Planning
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?
