You will need an income strategy that covers everyday needs, as well as special expenses. As you prepare to shift from accumulating assets to using that money to pay for your retirement, you and your financial professional will want to map out:

  • Your retirement savings and any current income.
  • What you will need to cover everyday expenses, in addition to other discretionary expenses.
  • Your risk tolerance and investment experience.
  • Any challenges or legacy planning concerns that may affect your finances.

Your RetirementFolio checklist, recent documents and approximate account values can then be used to create your personal balance sheet—a comprehensive, yet brief, overview of your finances.