Commonly Asked Questions About Retirement

Jun 7, 2022 | All Posts, Blog | 0 comments

We love helping our clients plan for their future. It’s a privilege to get to assist you in making a comprehensive plan for retirement that will allow you to feel confident in the years ahead. Here are some of the most commonly asked questions we hear about retirement.

Q: Can I go back to work after I retire?

A: Plenty of people choose to go back to the workforce after retirement. Retirees often find that they want more consistency in their schedules and an outlet to be around groups of people. However, there are a few things you need to know about going back to work after retirement so that you don’t incur additional costs or otherwise negatively impact your financial situation.

Read this post to find out more: Returning to Work After Retirement: 3 Things You Need to Know

Q: How will retirement affect my health?

A: Some find that retirement has a positive impact on their health, while others notice the opposite to be true. Depending on your living situation, current health, and your profession, you may experience positive health effects, negative health concerns, or both.

Read this post to find out more: Health Benefits and Concerns of Retirement

Q: When should I start taking social security?

A: The exact age that you start taking social security depends on a few factors. Though you can start receiving benefits as early as age 62, you won’t receive full benefits until your full retirement age (this varies from age 66 to age 67 depending on the year of your birth).

Read about what you need to know about social security here: The Future of Social Security

Q: How much money do I need in order to retire?

A: It’s very important to have a plan for retirement so that you know exactly how much money you’ll need. You shouldn’t have to guess as you save up for retirement and simply hope that you have enough to fund the later years of your life.

Find out more here: Can You Retire on $1 Million?

Q: When should I start planning for retirement?

A: When you’re young, retirement seems so far off. How early should you start thinking about it? What are the benefits of planning from a younger age?

(Spoiler alert: start planning as soon as you can!!)

Learn more about how to plan for retirement here: Planning for Retirement

Q: When should I retire?

A: Unfortunately, this question doesn’t have a one-size-fits-all answer. There are plenty of factors to consider when deciding when you should retire. Some of these include your retirement plans, your savings, the age(s) of your kid(s), and remaining debt.

Find out more here: When Should You Retire?

Q: Do I need a financial advisor to plan for retirement?

A: How much planning does retirement really take? Can I just do it myself? Certainly, you can. However, there are plenty of benefits to hiring a financial advisor who’s done this many times before.

Learn more about why you might want a financial advisor here: Is a Financial Advisor Really Necessary?

Q: Should I have a Roth IRA?

A: Is a Roth IRA a smart way to invest for your retirement? We think so.

Learn what you need to know about Roth IRAs here: Roth IRA Conversions

What other questions about retirement are on your mind?

We’re here to answer your retirement questions and assist you in planning for your financial future. We want you to have a comprehensive retirement plan that makes you feel confident for the years ahead.

Contact us today and let’s schedule a meeting to tackle your retirement questions.

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