Aging in Place Workbook 2019

PERSONAL FINANCE

General Do you feel comfortable that you have/will have enough money to support yourself through the remainder of your life? Yes____N0____ Not Sure ____ If your answer is “ no ” or “not sure” . Have you thought through strategies to either increase your retirement income or reduce your expenses? Some examples include:  delaying retirement Yes____N0____  phased retirement with part-time work Yes____N0____  modifying your savings withdrawal rate Yes____N0____  converting other assets to savings Yes____N0____  converting home equity to savings Yes____N0____  eliminating unnecessary expenses Yes____N0____  revising insurance needs Yes____N0____

Are you currently collecting Social Security benefits? Yes____N0____

Did You Know?

You can learn more about finding a financial advisor and the questions you should ask about your advisor’s approach, fees, and commission, at: www.economiccheckup.org/ financial-advisor-and-counseling

If your answer is “ no ”: Have you decided when you will collect your Social Security benefits? (The earlier in life you lock in benefits, the lower your monthly check will be. ) Yes____N0____

Do you have savings or pensions? Yes____N0____

If your answer is “ yes ”: Do you know where they are located and how to access those funds? For example, are they in a:

 401K Account  IRA account  Bank savings

 Investments  Annuities  Other: __________________________

Aging in Place: Your Home, Your Community, Your Choice

Personal Finance 35