Are You Ready For Retirement?

Do you know how much you will receive in Social Security benefits?

Yes

Have you decided when to take Social Security benefits?

Yes

Have you decided where you want to live?

Yes

2-3 options

Do you have a spending plan for retirement including health expenses?

Yes

Somewhat

When did you last review your life and health insurance?

Within 3 months

Within 2 years

More than 2 years

When did you last update or review your will?

Within 6 months

Within 2 years

2-5 years ago

More than 5 years

No will?

If you're married, is your spouse retired or planning to retire?

Already retired

Planning to retire

Haven’t decided

I’m single

Have you determined how you will provide for long-term healthcare?

Yes

Somewhat

Have you calculated how much income you need for a comfortable retirement?

Yes

Somewhat

Depending only on Social Security

How recent did you determine your net worth?

Within last year

Within 2 years

Within 3 years

More than 3 years

How diversified are your assets? Check all that apply.

Cash 3-6 mos of living expenses

Individual Large Cap Stocks

Government bonds

Mutual funds Small Cap

Mutual funds: Large Cap Value

Mutual funds: Large Cap Growth

Mutual funds bonds

Mutual funds: International stock

What will you do with your company pension plan?

Rollover to IRA

Take monthly payments

Take distribution in cash

I don’t know

I don’t have one

Which professionals have you consulted with regarding retirement? Check all that apply.

Attorney

Certified Financial Planner®

Registered investment advisor

Insurance representative

Tax Planner or preparer

Real estate agent

Do you know what interests or work you will pursue in retirement?

Yes

Have you researched health, lifestyles, living arrangements, and financial aspects of retirement?

Yes

The Retirement Readiness Quiz

Let’s take a look at what you’ve done to prepare for your retirement. There are no wrong answers, it’s just an assessment to see where you land on the path to retirement.

*Used by permission from the Forbes release of
The All-Weather Retirement Portfolio by CEO Randy L. Thurman.

TAKE THE QUIZ

Do you know how much you will receive in Social Security benefits?

Why do we ask this?

Social Security benefits are an important consideration in retirement.

YES NO

BACK NEXT

Have you decided when to take Social Security benefits?

YES NO

BACK NEXT

Do you have a spending plan for retirement including health expenses?

Why do we ask this?

Health expenses can be drastically higher in retirement. You will want to have a good plan in place.

YES NO SOMEWHAT

BACK NEXT

When did you last review your life and health insurance?

Within 3 months Within 2 years More than 2 years

BACK NEXT

Have you determined how you will provide for long-term healthcare?

YES Somewhat No

BACK NEXT

When did you last update or review your will?

Why do we ask this?

Keeping your estate plan up to date is incredibly important for you and for your heirs.

Within 6 months Within 2 years 2-5 years ago More than 5 years No will

BACK NEXT

Have you calculated how much income you need for a comfortable retirement?

Why do we ask this?

Determining your retirement income is critical to making sure your money lasts.

Yes Somewhat No Depending only on Social Security

BACK NEXT

How recently did you determine your net worth?

Within last year Within 2 years Within 3 years More than 3 years

BACK NEXT

How diversified are your assets?

Check all that apply. Cash (3-6 mos of living expenses) Individual Large Cap Stocks Government bonds Mutual funds: Small Cap Mutual funds: Large Cap Value Mutual funds: Large Cap Growth Mutual funds bonds Mutual funds: International stock

BACK NEXT

What will you do with your company pension plan?

Rollover to IRA Take monthly payments Take distribution in cash I don’t know I don’t have one

BACK NEXT

Which professionals have you consulted with regarding retirement?

Why do we ask this?

Having a knowledgable team of professionals guiding you is a key to your success.

Check all that apply. Attorney Certified Financial Planner^TM Registered investment advisor Insurance representative Tax Planner or preparer Real estate agent

BACK NEXT

If you’re married, is your spouse retired or planning to retire?

Why do we ask this?

Planning ahead for what life will look like in retirement is important to your happiness level in retirement.

Already retired Planning to retire Haven’t decided I’m single

BACK NEXT

Have you decided where you want to live?

YES 2-3 options NO

BACK NEXT

Do you know what interests or work you will pursue in retirement?

YES NO

BACK NEXT

Have you researched health, lifestyles, living arrangements, and financial aspects of retirement?

YES NO

BACK VIEW RESULTS

Start planning immediately.

Maybe you have not thought much about it. We suggest you start planning immediately so you are well-prepared for retirement.

READY TO SPEAK TO A PROFESSIONAL? Take the Quiz again

You have some work to do.

You have made a little headway, but should start getting serious about planning.

READY TO SPEAK TO A PROFESSIONAL? Take the Quiz again

You are on the right track.

You have a pretty good handle on retirement. But, to be sure you are on the way to a worry-free income for the rest of your life, you will need to develop a long-term strategy for asset allocation that will ease the impact of taxes and inflation on your portfolio.

READY TO SPEAK TO A PROFESSIONAL? Take the Quiz again

You are doing a good job.

You are doing a lot of things the right way. Remember it’s always important to have a solid team of professionals to back you up when you have questions or need additional advice about investments or other matters.

READY TO SPEAK TO A PROFESSIONAL? Take the Quiz again