The question is: Can You Retire?
Contemplating retirement may cause anxiety and uncertainty and raises a multitude of questions about this life transition. Common questions include such things as:
- Have I saved enough to last the rest of my life?
- Do my investments reflect the optimal risk/return metrics given this life transition?
- What about health insurance for myself and my family?
- How can my spouse and I maximize our combined Social Security benefits?
- Should I leave my assets in my employer’s plan or roll them to an IRA?
- Should I take the single or joint life pension, or opt for the lump sum?
- Should I withdrawal from my retirement accounts to pay off my debts or pay them off over time?
- Do I need to maintain life insurance to provide for my family?
- Should I start thinking about estate planning and long-term care needs?
- How will my tax situation change in retirement?
- Does it make sense to convert my traditional retirement account into a Roth retirement account?
“These are all important questions that we help clients comprehend and anticipate heading into retirement,” said Wendy Bennett of Bennett Associates Wealth Management. “Let us help you review your options and discuss how to coordinate each of these variables into a larger overall plan.
“We will go through these scenarios and explain the impact each decision can have on your future. You have worked hard so that you can retire. Let us help make this transition less stressful and more exciting,” said Collin Randal, also of Bennett Associates.
This article was submitted by Bennett Associates Wealth Management, 122 S. Washington St., Butler.
