Retirement Ready Quiz

This quiz will help you assess your financial readiness in seven key areas and provide personalized recommendations for improvement.

Instructions: As you answer each question, select the option that best describes your current situation. Be as honest as you can to receive the correct action plan to follow in your inbox.

Name

First NameLast Name

Email

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Section 1: Your Financial Starting Point

Question 1: How well do you know your current monthly household income?

I have no idea what my monthly income isI have a rough estimate, could be off by $1,000+I know within $500 of my actual monthly incomeI know within $100 of my actual monthly incomeI know my exact monthly take-home and gross income

Question 2: How well do you track and understand your monthly expenses?

I don't track expenses and often wonder where my money wentI check my bank account occasionally but don't track categoriesI track some major expenses but miss smaller recurring chargesI track most expenses and review them monthlyI track all expenses by category and can tell you exactly where every dollar goes

Question 3: What's your current debt situation and payoff plan?

I'm not sure how much debt I have or what I oweI know roughly what I owe but have no payoff planI know my total debt and minimum payments but no strategic payoff planI know all my debts and have a basic payoff strategyI have a detailed debt payoff plan with target dates and am actively executing it

Question 4: How many months of expenses could your current emergency savings cover?

I have no emergency savingsLess than 1 month of expenses1-2 months of expenses3-5 months of expenses6+ months of expenses in a separate, easily accessible account

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Section 2: Shape Your Retirement Future

Question 5: How clear is your vision of what a typical day will look like in retirement?

I haven't thought about it at allI have some vague ideas like "relax more"I have general ideas about hobbies or activitiesI have a fairly detailed picture of my daily routineI have a clear, specific vision with planned activities, schedule, and lifestyle

Question 6: Have you considered where you'll live and what you'll do in retirement?

Haven't thought about location or activitiesI know I want to stay in my current area but no specific plansI've considered 2-3 location options or have some activity ideasI have a preferred location and several planned activitiesI have specific location plans with researched costs and detailed activity list

Question 7: What will give your retirement life purpose and fulfillment?

I haven't considered this questionI assume I'll figure it out when I get thereI have some ideas about volunteer work or hobbiesI have identified 2-3 meaningful activities or causesI have a clear sense of purpose with specific goals and ways to contribute

Question 8: How specific is your target retirement date?

No idea when I'll retireI hope to retire "someday" or "in my 60s"I have a target age range (e.g., 62-67)I have a specific target ageI have a specific date with a countdown plan

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Section 3: Map Out Your Retirement Expenses

Question 9: How thoroughly have you considered all potential retirement expenses?

Haven't thought about retirement expensesI know I'll need less money because "expenses will be lowerI've thought about basic living expenses onlyI've considered most categories including healthcare and leisureI've researched all expense categories including healthcare premiums, long-term care, travel, hobbies, taxes, and inflation

Question 10: Have you estimated actual dollar amounts for your retirement expenses?

No cost estimates at allI assume I'll need 60-70% of current incomeI've estimated a few major categoriesI've estimated most expense categories with rough numbersI have detailed estimates for all categories based on research and current costs

Question 11: Do you have a comprehensive retirement budget?

No retirement budget existsI have a very rough total number in mindI have a basic monthly budget estimateI have a detailed monthly budget with most categoriesI have a comprehensive annual and monthly budget that I review and update regularly

section3_score

Section 4: Stack Your Savings for Retirement

Question 12: How consistently do you save for retirement?

I don't save for retirementI save occasionally when I have extra moneyI save some months but not othersI save regularly but the amount variesI save a fixed amount/percentage every month automatically

Question 13: What's your plan to increase retirement savings over time?

No plan to increase savingsI hope to save more when I make more moneyI plan to increase savings but no specific timelineI have a general plan to increase savings annuallyI have a specific plan with target increases tied to raises, bonuses, or life events

Question 14: How do you prioritize your retirement account contributions?

I don't contribute to any retirement accountsI contribute to retirement accounts but don't get full employer matchI get full employer match but no additional contributionsI maximize employer match and contribute to additional accountsI have a sophisticated strategy maximizing employer match, tax advantages, and diversification across account types

section4_score

Section 5: Plan Your Retirement Paycheck

Question 15: How well do you understand your expected retirement income sources?

I don't know what income sources I'll haveI know I'll get Social Security and maybe some 401k moneyI can name my income sources but don't know amountsI know my sources and have rough estimates of amountsI have detailed projections for all income sources with timing and tax implications

Question 16: Do you understand how to maximize your Social Security benefits?

I don't know anything about Social Security optimizationI know Social Security exists but not how it worksI know my benefits increase if I wait longer to claimI understand the basics of when to claim for maximum benefitI have a specific Social Security claiming strategy based on my situation and spousal benefits

Question 17: Do you have a plan for withdrawing retirement savings tax-efficiently?

I haven't thought about withdrawal strategiesI assume I'll just withdraw money as neededI know there are required minimum distributions but don't have a planI understand the basics of tax-efficient withdrawalsI have a specific withdrawal strategy considering tax brackets, account types, and tax implications

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Section 6: Smart Debt Strategies

Question 18: What's your plan for paying off high-interest debt before retirement?

I plan to carry all current debt into retirementI hope to pay off debt but have no specific planI have a basic plan to pay off credit cardsI have a comprehensive plan to eliminate high-interest debtI have a detailed debt payoff strategy with target dates and will be debt-free before retirement

Question 19: How well do you understand how debt will impact your retirement budget?

Haven't considered how debt affects retirementI know debt payments reduce available income but no specificsI've estimated how much debt I might carry into retirementI understand the budget impact and have a plan for any remaining debtI have a comprehensive strategy for debt in retirement including mortgage decisions and emergency planning

Question 20: How strategic are you about managing different types of debt in retirement?

I don't distinguish between different types of debtI know mortgages are different from credit cards but no clear strategyI have basic understanding of good debt vs. bad debtI have strategies for different debt types (mortgage, loans, etc.)I have sophisticated debt management strategies considering tax implications, cash flow, and market conditions

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Section 7: Expand Your Financial Know-How

Question 21: How do you stay informed about personal finance and retirement strategies?

I don't actively seek financial informationI occasionally read articles that interest meI follow some financial news or blogs regularlyI actively educate myself through multiple sourcesI have a systematic approach to financial education with trusted sources, courses, or professional development

Question 22: How well do you understand how investments, taxes, and market changes affect retirement?

I don't understand investments or market impactsI have basic knowledge but don't understand retirement implicationsI understand some concepts but lack comprehensive knowledgeI have solid understanding of most investment and tax conceptsI have comprehensive knowledge of investment strategies, tax implications, and market impact on retirement planning

Question 23: How confident are you in making financial decisions or working with professionals?

I feel overwhelmed and avoid financial decisionsI make decisions but often doubt myselfI'm somewhat confident but seek validation on major decisionsI'm confident in most financial decisionsI'm highly confident in financial decisions and effectively collaborate with professionals when needed

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Total Score

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