{"id":62928,"date":"2025-02-01T21:16:04","date_gmt":"2025-02-01T21:16:04","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/insurance\/retirement-strategy-checklist-the-top-18-questions-to-ask\/"},"modified":"2025-02-01T21:16:04","modified_gmt":"2025-02-01T21:16:04","slug":"retirement-strategy-checklist-the-top-18-questions-to-ask","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=62928","title":{"rendered":"Retirement Strategy Checklist – The Top 18 Questions To ASK!"},"content":{"rendered":"


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Retirement Strategy Checklist<\/strong><\/p>\n

(The Top 18 Questions To ASK<\/strong> To Secure <\/strong><\/h2>\n

The Future of Your Money In An Uncertain Economy)<\/strong><\/h2>\n

899-888-1397<\/strong><\/p>\n

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TAKE THE STEPS \u2013 ASK THE QUESTIONS \u2013 GET THE SOLUTIONS<\/strong><\/h2>\n

WELCOME, TO YOUR WORLD OF RETIREMENT\u2026<\/strong><\/p>\n

When it comes to retirement planning, often times, people have more questions than answers.<\/p>\n

That\u2019s understandable. There\u2019s so much information out there, how do you know what\u2019s right for you?<\/p>\n

And frankly, unless you\u2019ve been doing some serious studying for many years or you work in the financial industry yourself, you\u2019re not going to know which money vehicles are right for your retirement.<\/p>\n

Even if you\u2019ve spent years as a financial advisor you probably don\u2019t know some of the available money products I\u2019m going to talk about at the end of this guide.<\/p>\n

Why do I say this? Because I know many financial consultants and advisors have not heard of these products. They are not taught about the power of an insurance portfolio<\/strong><\/em> that works in tandem with their client\u2019s investment portfolio<\/strong><\/em>.<\/p>\n

That\u2019s why I\u2019m here. <\/p>\n

That\u2019s why WikiQuoters exists. <\/p>\n

It\u2019s our platform to inform you what insurance products can do to protect your money today, tomorrow and into the next generation.<\/p>\n

The only down side is; not everyone qualifies for these products!<\/p>\n

So read on to see if they are a good fit for you, your life and your retirement.<\/p>\n

In this short guide, you\u2019ll get our top questions and things to consider when creating a strategy for your retirement.<\/p>\n

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PART #1<\/strong><\/h2>\n

THE STEPS \u2013 Envision Your Life In Retirement<\/strong><\/h2>\n

The Concept Questions<\/strong><\/p>\n

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  1. What are your goals for and during<\/strong><\/em> your retirement?<\/li>\n
  2. What does a \u201cday in the life\u201d of your retirement really<\/strong><\/em> look like?<\/li>\n
  3. How and where do you want to live?<\/li>\n
  4. What do you think are some of your money challenges now and for the future?<\/li>\n
  5. Do you see yourself making income at all during your later years?<\/li>\n
  6. What is your health like now and how it will (probably) be into your retirement?<\/li>\n<\/ol>\n

    Part #1 is all about envisioning your life in retirement.<\/strong><\/em> So, spend time thinking about this.<\/p>\n

    Ask the questions and get into a space where you can really conjure up the visuals in your minds eye.<\/p>\n

    Go for a walk. Meditate. Pray. Sip coffee. Write in your journal. Play golf. Take a shower.<\/p>\n

    Whatever gets your imagination popping, that\u2019s what you want to tap into.<\/p>\n

    After that, you want to see yourself going through your day in your retirement.<\/p>\n

    Ask the above questions and more!<\/p>\n

    These are the concept questions; the kind of questions that theories are built on. How do you theorize your retirement?<\/p>\n

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    PART #2<\/strong><\/h2>\n

    THE QUESTIONS \u2013 Know What You Really Need<\/strong><\/h2>\n

    The Practical Questions<\/strong><\/p>\n

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    1. What are ALL your monthly bills and expenses<\/strong><\/em>? Literally add up the receipts.<\/li>\n
    2. How much of an impact will taxes<\/strong><\/em>have on my retirement lifestyle?<\/li>\n
    3. Where is your money<\/strong><\/em> right now? 401K? 403B? Roth IRA?<\/li>\n
    4. What are you willing to cut out of your current budget<\/strong><\/em> to save for later?<\/li>\n
    5. What type of healthcare (both holistic & medical) will you need?<\/li>\n
    6. How involved do you see your children, relatives or aides being during your retirement?<\/li>\n<\/ol>\n

      Part #2 is all about the practical parts of daily living<\/strong><\/em>. This is where you get granular.<\/p>\n

      Pull out all your current monthly bills; cell phone, wifi, groceries, gas, cable TV, magazine subscriptions, car payments, mortgage, rent etc.<\/p>\n

      Whatever you must pay to keep your current lifestyle on a monthly basis, write down and document it. Add it up and know down to the dollar what you pay today for your lifestyle.<\/p>\n

      Next, look at this list and begin to prioritize what you really want to keep and what\u2019s not that necessary.<\/p>\n

      Keep your ideal vision in mind for retirement. Part #2 is about the boring and sometimes nasty realities of what we must pay for today so you\u2019ll understand what you\u2019ll need for your tomorrow.<\/p>\n

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      PART #3<\/strong><\/h2>\n

      THE SOLUTIONS \u2013 Financial Products To Consider<\/strong><\/h2>\n

      The Right Plan For You<\/strong><\/p>\n

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      1. Is my money in the right place for now in the short term and the long term?<\/li>\n
      2. What about taxes? How do I protect my money from taxes now and in the future?<\/li>\n
      3. How do I diversify my income to best meet my needs when I\u2019m in retirement?<\/li>\n
      4. How will I know my money will out live me\/us?<\/li>\n
      5. How can I make my money accumulate during my retirement years?<\/li>\n
      6. How can I pass along my money to my heirs and leave a legacy after my retirement?<\/li>\n<\/ol>\n

        Part #3 is all about the kinds of money products<\/strong><\/em> your advisor can discuss with you to determine what might best fit your needs.<\/p>\n

        That\u2019s where a licensed insurance agent (me) comes in. I can help guide you to co-ordinate your finances in a way that supports you in the future\u2026 no matter how the economy goes. The information in this guide is a general overview only. To truly understand what you need in retirement, we\u2019d have to have a meeting to thoroughly go over and discuss what you need.<\/p>\n

        In the meantime, in 2023, a deep recession is looming. If that has you concerned, then we can discuss which money products can guarantee the safety of your principle<\/strong><\/em>. These money products can also guarantee you a compounded interest rate for a guaranteed period of time<\/strong><\/em>.<\/strong><\/em><\/p>\n

        How can this be guaranteed?<\/strong><\/p>\n

        Because a cash value life insurance policy<\/strong><\/em> has been guaranteeing the safety of principle and interest rates from its inception, nearly 200 years ago. As your licensed insurance agent, it\u2019s my job to help create a workable retirement strategy for you. An integral part of that retirement plan is your customized insurance portfolio<\/strong><\/em>.<\/p>\n

        With that said\u2026<\/strong><\/p>\n

        Let\u2019s take a look at a few of the powerful products;<\/p>\n

        There are two main types of cash value life insurance. Whole life insurance and universal life insurance.<\/p>\n

        Both can be great options as a part of your insurance portfolio that will help fund your retirement.<\/p>\n

        It\u2019s the the cash value within a whole or universal life insurance policy which accumulates over time and which you can access at anytime. You can withdraw up to 90% of it at anytime. These types of cash value life insurance policies have been described as savings accounts on steroids<\/strong><\/em>.<\/p>\n

        With a regular whole life policy<\/strong><\/em> your premiums, cash value compounded interest rate and death benefit stays fixed for life. On the other hand, a universal life insurance policy<\/strong><\/em> allows you to adjust both your premiums and the death benefit to fit your needs as your retirement progresses.<\/p>\n

        Universal life policies also grow cash value. The rate of growth depends on the type of universal life insurance you buy:<\/p>\n