A satisfied retiree who has all the questions about  Fort Worth retirement planning figured out thanks to their Fort Worth retirement financial advisor

FAQ About Retirement Planning

At Retire Guides, we’re dedicated to making your retirement dreams a reality by being your advisor and partner in your Fort Worth retirement planning. As part of that mission, we answer many questions people have about retirement and how to plan adequately for it. Here are just a few of the most commonly asked questions that our customers ask their Fort Worth retirement financial advisor.

How Much Money Do I Need For My Fort Worth Retirement Planning?

The short answer is: It depends. Every retirement plan is different because every person’s financial goals and circumstances are unique. A Fort Worth financial advisor will help you sort out your financial status and prospects to help you set realistic retirement goals and put you on the path to achieving them.

What Are the Key Steps of Fort Worth Retirement Planning?

The first key step that your Fort Worth retirement financial advisor will want you to do is to decide what kind of lifestyle you want in retirement. This will clue you in about your major expenses. The second step is to take an accounting of your current assets, investments, liabilities, and debt so that your Fort Worth financial advisor will understand where you are starting from. From here, you will build up your portfolio of retirement income sources to ensure that you can meet the lifestyle you want for your golden years.

What Major Expenses Should I Account For In My Fort Worth Retirement Planning?

The major spending categories that you and your Fort Worth retirement financial advisor should discuss include housing costs and any new activities, hobbies, and travel expenses that you might have planned. This will form the basis of how much retirement income you will need.

How Does Healthcare Figure In My Fort Worth Retirement Planning?

While Medicare does cover a majority of your healthcare expenses when you reach retirement age, your Fort Worth financial advisor will recommend that you set aside $5,000-$7,000 per year of retirement per person for out-of-pocket medical expenses.

Should I Include a Will or Trust in My Fort Worth Retirement Planning?

A Will or a Trust is a critical part of your estate and Fort Worth retirement planning. It ensures that your wishes regarding your assets are known and carried out, saving your loved ones from the additional stress and anguish of sorting out your affairs after you have gone. Your Fort Worth retirement financial advisor will ask you about this to ensure that your retirement plans are complete.

Start Your Fort Worth Retirement Planning With Retire Guides

These are just a few of the most commonly asked questions we run into when people start their Fort Worth retirement planning. We’ll help you find answers to all these questions and more by pairing you with a Fort Worth retirement financial advisor that understands your needs and your goals so that you can put together a plan to turn your retirement dreams into reality. If you have questions about retirement or want to find a Fort Worth financial advisor of your own, the Retire Guides team is eager to be at your service. Call us today to make an appointment!