8 Questions to Ask Yourself Before Retiring

Will My Assets Cover This Lifestyle?

After you’ve determined what your ideal retirement paycheck would be, you need to see if you will have enough money on hand to generate it.

“Depending on that answer, decisions have to be made,” Alfonso says. “If you don’t have enough money, there needs to be a trade-off.”

This could include delaying retirement, spending less, downsizing your home, moving to another state or adjusting your lifestyle requirements.... more 

Will My Assets Cover This Lifestyle?

After you’ve determined what your ideal retirement paycheck would be, you need to see if you will have enough money on hand to generate it.

“Depending on that answer, decisions have to be made,” Alfonso says. “If you don’t have enough money, there needs to be a trade-off.”

This could include delaying retirement, spending less, downsizing your home, moving to another state or adjusting your lifestyle requirements.

“Saving more isn’t always the best option due to the time constraints,” Alfonso says. less