Personalized Life Planning

Have you checked your monthly benefit amount at full retirement age?
Do you know your full retirement age?
Have you completed an analysis to determine the optimal time to take Social Security?
Will you be impacted by the Windfall Elimination Provision (WEP) or Government Pension Offset (GPO)?
Do you know how to apply for Social Security benefits?

Have you created a retirement plan and run it against scenarios to ensure you will not run out of money during retirement?
Are you currently following the steps that plan requires?
Have you made plans to create an "income stream" in retirement?
Do you have a tax-optimized distribution strategy?

Do you have a budget that works for you?
Do you know your credit score?
Are you saving 10% or the amount required to reach your financial goals?
Do you have three to six months of living expenses saved?
Do you review your budget regularly?
In the past six months, have you looked at your budget for ways to reduce spending?

Are your healthcare costs in retirement currently part of your financial plan?
Do you know when and how to enroll in Medicare?
Do you understand the different Medicare Supplemental Insurance coverage options ( Medigap vs. Medicare Advantage)?
Do you know how much supplemental insurance coverage will cost you in retirement?
Have you estimated your out-of-pocket medical expenses in retirement?

Are your taxable accounts managed in a tax-optimized way (e.g., tax-efficient selling)?
Are you making contributions to an employer-sponsored retirement plan or IRA?
Have you considered making Roth IRA contributions to reduce future tax liability?
Are you minimizing your tax liabilities through charitable donations, a mortgage or other strategies?

Have you determined who should get what you own when you die?
Have you determined who should be in charge when you can't make your own decisions?
Do you have minor children? If so, have you determined who should care for them when you can't?
Have you legally documented these decisions?
Have you updated your estate plan and asset titles in the last two years?
Do your beneficiaries and the people you've nominated to be in charge know what to do if something happens to you?