To make sure you're prepared and we can truly set you up for a successful retirement, please make sure you bring the following with you to your factfinder appointment:
Your total current expenses (include ALL of your expenses including annual property taxes, food, insurance, rent/mortgage, cell phone, tv/internet, charitable giving, fuel, prescriptions, doctors, dental, etc…)
Your total current income (break down each source of income including current income and other income that may not start until later (like pensions), only include real income that is guaranteed for the rest of your life, if it’s not guaranteed income, then it’s ifcome and won’t be counted)
Your Social Security payments or payment breakdown (this is needed if you haven’t already started taking your SS yet and can be accessed by creating a free account at www.ssa.gov and will show your SS payments at various ages from 62-70, if you’re married, get this for both spouses)
Information on any annuities you currently own (company, type, term, balance, purchase date, fees, etc, all this information should be on your most recent quarterly statement)
Information on any life insurance policies for either spouse
Information on any long-term care policies that are in force
Approximate value of your primary residence and any other property you own if you were to sell it at today’s value and the mortgage amount on each
A list of your current asset sources and their amounts (IRAs, 401(k)s, or any other retirement-type of accounts you have along with any after-tax accounts like Roths, non-qualified retirement accounts, cash accounts, precious metals, etc)
A list of your biggest concerns in retirement (what keeps you up at night)
Lastly, you should also explain in as much detail as possible what you see your retirement looking like. What are you doing? What is your life purpose? Where are you living? Who are you spending time with? What legacy do you want to leave when you're gone? Are you working part-time, fully retired, volunteering your time, travelling a lot, spending time with grandkids, etc. What about 10 years in? 20 years in? 30 years in? How long do you think you'll live? Just a brief write-up or bullet point list of the picture you have in mind for your retirement (each member of a couple should do this on their own, it might be an insightful project) so we have a target to aim at.
When planning for your retirement, it is important to gather all necessary information to ensure a successful transition into this new phase of life. By bringing your current expenses, income sources, and asset information to your factfinder appointment, you can work with professionals to create a personalized plan that meets your specific needs and goals.
Additionally, sharing your concerns and vision for retirement will help advisors understand your priorities and tailor their recommendations accordingly. Whether you are just starting to plan for retirement or looking to review your existing plan, taking the time to prepare for your appointment can set you on the path towards a secure and fulfilling retirement.
Expert Guidance for Every Stage of Life
At Safe Money Retirement, we understand that retirement planning is a lifelong process that requires careful consideration and expert guidance. Whether you are in your 20s or your 80s, our team is here to help you navigate the complexities of retirement planning and ensure that you have a solid financial foundation for the future.
With a focus on personalized solutions and comprehensive support, we can assist you in creating a retirement plan that aligns with your unique circumstances and aspirations. Contact us today for a free consultation and let us help you make the most of your retirement years.
