Page 255 - FlipBook BACK FROM SARAN - MAY 5 2020 - Don't Make Me Say I Told You So_6.14x9.21_v9_Neat

Section 2

Questions That You Need to Answer

To come up with a plan for a comfortable retirement, you need
to know, or find out, the answers to these questions.

Retirement Income Questions

1. What is my life expectancy? What is our joint life expectancy?

For how many years do I have to plan to have income?

2. What are my income needs in retirement? How much
money do I need for basic necessities? How much income

will I need in order to live the lifestyle I want to live while in
retirement?

3. What sources of stable, predictable income will I have?

► Pension?

► Social Security?

► Rental income?

4. How much income will I need to generate from my
investments or from part-time work?

Chapter 6: Your Action Plan