A quick guide to help you uncover gaps and gain more confidence in your financial future.
Retirement planning isn’t just about reaching a number — it’s about building a future that’s as resilient as it is rewarding. Even the most carefully built plans can have blind spots. Asking the right questions now can help you prepare for the unexpected.
Here are five important questions to help you stress-test your plan:
1. Do I know how much of my retirement income could be taxed?
It’s common to focus on how much you’ve saved — but how much will you keep?
→ Take inventory: Are your income sources fully taxable (401(k), IRA), partially taxable (Social Security), or tax-free (Roth accounts or municipal bonds)? This can have a big impact on your retirement income strategy.
2. What happens to my plan if the market drops right before or early in retirement?
A downturn at the wrong time can derail even a solid plan.
→ This is called “sequence of returns risk.” Ask yourself if your strategy includes protected income sources, cash buffers, or other ways to reduce the impact of early market declines.
3. How accessible are my assets if I need cash quickly?
Many retirement accounts come with rules, restrictions, and tax consequences.
→ Do you have access to funds without penalties or delays? Liquidity is key when life throws you a curveball.
4. Have I accounted for rising healthcare or long-term care costs?
Medical expenses can add up quickly in retirement.
→ Your plan should account for Medicare premiums, supplemental insurance, and the possibility of needing long-term care. Planning ahead can protect both your health and your finances.
5. Will my plan still work if I live 5, 10, or 15 years longer than expected?
It’s a blessing to live longer — but it can also strain your resources.
→ Does your plan support income through your 90s and beyond? A good strategy is built to last, with the flexibility to adapt.