by Megan Poore
Once many of us get to a certain stage in life, we start thinking about retirement. Are you at that point? Perhaps you have read a few articles on the subject or have used an online retirement calculator to tell you how much money you should be putting aside to provide you with a comfortable retirement income. While it is vitally important to have this information, it has been my experience as a financial advisor for more than a decade that some other very important steps in the process are regularly overlooked. Here are a couple of questions to point you in the right direction:
As exciting as the idea of not setting an alarm clock Monday morning may be, retirement is also one of life’s biggest transitions. Even wonderful transitions can be unsettling–think back to the uncertainty you may have faced while moving out of your childhood home, getting married or having your first baby. The more questions you can ask yourself ahead of time, the less anxiety you will experience when your big day comes.
Megan Poore, a financial advisor, is a member of the Covenant Presbyterian Foundation Board. The Foundation recently launched an education campaign to help Covenant members and friends plan for their financial future.