You Don’t Know, What You Don’t Know, Retirement Questions

You can’t ask retirement questions, when you don’t know WHAT to ask

 Information for this Retirement Questions post is sourced from Genworth Financial

As Retirement Approaches

This time of year brings about many changes. A old year draws to a close, a new year starts. Ahhh, a fresh start, for many that fresh start means retirement.

Retirement! From the time we start working, we fantasize about it. As we get 10 or 20 years into work, we start saying “When I retire…”. As the actual date is facing us, many often approach the moment with a bouncing glee, similar to how Tigger approaches life in Winnie-the-pooh. Yet there is a bit of Eyore (also of Winnie-the-pooh fame) in all of us…”We’re never going to make it, I just know it!”

I think some of our trepidation emanates from the fact, that retirement is such a big unknown. You almost need to take several courses just figure out all the topics you have to tackle. In truth, there is so much unknown that you don’t even know what to ask. Areas that need addressing before retirement include:

• Do I have a pension and will it cover my living expenses?
• Do I need to continue working in a different job?
• Do I need to move from my current house?
• What will I do about health care?
• How do I deal with inflation?

….and the list just goes on and on.  For many of the questions, you just don’t know, what you don’t know.

Educate yourself, and make your list of retirement questions

Genworth Financial has prepared many different resources for dealing with the unknowns of retirement. Just click on the picture below for a source for everything retirement. All of sudden, after reading about matching your dreams with your dollars, questions you should ask your financial adviser, health issues, and long term care details, you will start to develop a long list of questions, and you will also find the Genworth Financial Resources to address them.

Retirement Deadlines
You will quickly realize that Retirement Questions lead to Retirement Deadlines. A recent US News article outlines 12 Important Retirement Planning Deadlines. Your age drives many of  the deadlines you must consider, such as tax implications, 401K and IRA distributions, Medicare, and Social Security. You may be surprised that some deadlines start as early as 50 years of age! Start asking the questions now, missing deadlines can often mean missing money!

The New Year marks a new deadline for you to ask your retirement questions.  Get your list going!