Lesson 1: Assessing Your Retirement Goals and Needs

Understanding and assessing your retirement goals and needs is crucial in retirement planning. It enables you to develop a customized retirement plan that aligns with your unique situation and ensures that you are on track to meet your retirement goals and needs.

In this Video…

You’ll better understand how to create a retirement plan that meets your specific goals and needs and how to adjust it as your retirement plans evolve. Whether you’re just starting to plan for retirement or looking to refine your existing strategy, this video will provide valuable insights and tips to help you achieve your retirement goals.

What We Covered?

  • Retirement planning requires assessing your unique retirement goals and needs.
  • Determine your retirement lifestyle by considering how you want to spend your time and what activities you’d like to pursue.
  • Estimate your retirement expenses, including living expenses, healthcare, travel, taxes, and other costs related to your desired retirement lifestyle.
  • Consider your retirement income sources, such as Social Security benefits, investments, retirement accounts, pension plans, rental income, and other sources of income.
  • Develop a retirement plan that factors in your retirement goals, needs, and income sources and includes strategies for saving, maximizing Social Security benefits, and managing your retirement portfolio.
  • Monitor and modify your retirement plan as your goals and needs change.
  • Seek professional advice to help evaluate your retirement goals and develop a retirement plan that aligns with your requirements.

Helpful Resources

Here are some helpful resources to further enhance your understanding and knowledge of assessing retirement goals and needs:

Exploring Further: Outbound LInks

Explore this course’s “Helpful Resources” section, where you’ll find a handpicked collection of valuable links to develop your retirement plan further. Expand your knowledge and access additional tools to enhance your retirement planning journey.

Disclaimer: This course, lessons, and videos are for educational purposes only and should not be considered financial, medical, or legal advice. For personalized advice and guidance, please consult with a licensed professional. For complete disclaimers, please refer to our Terms of Use.