Total Retirement Readiness Check

Total Retirement Readiness Check

If you need help or have questions throughout the assessment, please feel free to email us at team@beaconbridgewealth.com or call us at 484-533-6600
Name*

First NameLast Name
Email*
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Please rate your confidence level for the following questions addressing the 5 areas of Total Retirement: 1 = low, 10 = high
Finances
How confident do you feel that you have enough money to last beyond your lifetime, while living a lifestyle that you are accustomed to?*

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How confident are you about your cash flow and sources of income during and after retirement?*

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What is your level of understanding and knowledge about taxes in retirement: impact, strategy, and efficiencies? Do you understand your strategy around withdrawals from your account to be tax efficient?*

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What is your level of understanding about how much risk is appropriate when you are no longer contributing to your retirement plan?   Do you have a strategy around protecting your money while also continuing to provide growth and keep up with inflation? *

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What is your level of readiness and proactive planning for the unexpected costs that will come up during retirement?*

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Additional Comments
Finance Results
Health
What overall score would you give your health today?*

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Have you planned for the impact of healthcare costs during and after your retirement, including both premium costs and out of pocket expenses?*

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Do you understand the difference between original Medicare with a supplement vs Medicare Advantage for your coverage? If you retire before age 65 and are not eligible for Medicare, are you aware of your options for coverage? *

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What is your understanding of the changing costs of premiums and health care expenses every year to avoid penalty?  Do you understand how your income can impact your Medicare costs?*

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Have you considered your changing care needs in retirement, and do you have the appropriate team of doctors and professionals in place to provide you with the care you need?*

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Are you confident that your assets and income are enough to cover increasing long-term care expenses in the future? *

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Additional Comments
Healthcare Results
Lifestyle
Do you feel like you have a good plan for where to live during your retirement years, i.e., current home, downsizing or moving to retirement community?  Have you factored in cost of living, access to healthcare, and social implications in this decision? *

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If you considering any major purchases in retirement?  Do you have a clear picture of how it could impact your financial security?*

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Have you considered what hobbies, volunteer work, travel, or social activities you will participate in that will help you maintain a fulfilling lifestyle? *

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Now that you have this chance to pursue lifelong dreams and goals, have you written down those items on your bucket list?   How confident are you in your ability to achieve those goals?*

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Additional Comments
Lifestyle Results
Relationships
If applicable, have you considered how retirement might shift your relationship with your spouse or significant other? *

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Have you thought about how you will replace the daily interactions and camaraderie with your coworkers? Do you know how and with whom you will spend that time?*

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Is there anyone that you will need to provide care for in retirement, i.e., aging parents, or a child with special needs? Have you considered how these caregiver responsibilities may impact your retirement?*

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If applicable, are you planning to spend more time with adult children or grandchildren (or others) in retirement? Have you discussed with them the impact this change may have on family dynamics?*

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Additional Comments
Relationships Results
Purpose
If you are feeling financially secure and comfortable with your retirement lifestyle, have you thought about how to allocate resources for the long-term benefit of your family?*

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Have you considered the role of donations and philanthropy in your retirement plan? Do you have/want to have specific causes and organizations that align with your values?*

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Do you have meaningful activities that you will invest your time in and provide you with a sense of purpose?*

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Do you feel confident with how you will remain relevant and engaged in society? Are you looking for resources to help connect you to people with similar passions or volunteer communities?*

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Additional Comments
Purpose Results
Overall Results
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Total Retirement Readiness Check

Finances

Health

Lifestyle

Relationships

Purpose