A. To be ready for retirement, your retirement plan should cover the following 9 topics:
- What are the best options for social security?
- What are the best pension options?
- When should you start taking your IRA/401K?
- What plan do you have in place for long-term care, home health care, or assisted living?
- What are you doing to reduce income taxes today and in the future? Go through your top tax areas in your tax return to develop a plan and possibly reduce income taxes.
- How to budget in retirement, which is different from budgeting when working?
- What is the estate plan?
- Who should be the beneficiaries of various assets?
- What is the income plan with inflation?