Before you retire, there are very specific questions you should ask your advisor. In this video Peter with Richon Planning and Erin Kennedy talk through those questions, which, when answered, can give you a much clearer picture as to whether you are really ready to retire. Those questions are:
1. Am I financially ready to retire?
2. What income sources will I rely on in retirement?
3. How can I minimize taxes on my retirement income?
4. What adjustments should I make to my investment portfolio?
5. Do I have enough saved to account for inflation and unexpected expenses?
6. Do I have a plan for long term care?
And keep in mind, if your advisor can't answer these questions, it might be time for a new advisor. If you feel like you're ready to retire, but would like to talk it through with a professional, please give Peter a call at (919) 300-5886 or visit www.RichonPlanning.com
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