If retirement is on the horizon for you in the near future, it’s vital that you’re clear on your plan of action. Knowing your goals and having a solid plan in place can ease the stress of an important life milestone. The following questions are just a few things to consider during your retirement preparation.
Do I know what documents and forms I need and where to obtain them?
The best way to start the process is to make sure you have all the proper documents to review your financial situation. Additionally, you will need to complete some forms. Since every financial situation is different, we encourage you to reach out to Benchmark Financial to get the complete list of items that make sense for you.
Do you have enough money to retire?
To best answer this question, you need to examine how you plan on spending your retirement. Are there going to be significant purchases that need to be made? Do you plan on doing a lot of traveling? Are you hoping to leave a legacy for your children and grandchildren? Retirement looks different for everyone, so understanding how you would like to spend your time in retirement will help you determine if you have enough money to retire. In addition, some expenses will go away in retirement, so you may have more income than you realize. Talking with a Fed-Focused financial advisor can help you identify your goals and how much money is available to you.
Do I plan on managing my investments on my own?
Another important decision to make is whether or not you plan to manage your money throughout retirement. This may sound like an excellent idea for the financially savvy retiree, but if you find various investments overwhelming or don’t properly understand all of your benefits and assets, this might not be ideal. You may also find that it takes more time than you want to devote. Additionally, with all of life’s curveballs, if you run into troubling situations, it may be a good idea to have a resource you can lean on in case times get stressful.
How do I know what will be the best option for my situation?
If you have any uncertainty when it comes to planning and starting your retirement process, Benchmark Financial Group can help. All it takes is an initial consultation to get started. There is no cost for the initial meetings, and it can help you get clear on your goals and how you want to move forward in retirement.
READY FOR THE NEXT STEP? WE CAN HELP!
If you have any questions regarding your federal retirement, Benchmark Financial Group is here to help. We will take a closer look at your financial situation because retirement may be closer than you think! Schedule an appointment today with Benchmark Financial Group by filling out the form online or calling David Raetz at 913-534-8256 to discuss your financial needs. Benchmark Financial Group is happy to help you navigate your options and determine the best path to move toward your financial goals.
