Frequently Asked Questions

 

Retirement
  • Should I take early retirement, or am I making a terrible mistake?

  • Can I afford to retire, or should I work for a few more years?

  • Should I begin receiving Social Security as soon as I am eligible or should I wait?

  • At what rate can I spend my savings so that I don't have to cut back later in retirement?

  • If I work part-time during retirement, will it make a big difference?

 
401(k) Plans and Pensions
  • What should I do with my 401(k) Plan?

  • Should I convert my IRA or 401(k) to a Roth IRA?

  • If an enhanced pension is available until I am eligible for Social Security, should I take it?

  • Should I take my pension in a lump sum or as a monthly annuity?

  • Should a monthly annuity be over my life, both myself and my spouse's life, or term-certain?

  • When am I required to begin withdrawals from my IRA account? Should distributions be over my life or both myself and my spouse's life? Is the term-certain or the recalculation method better for us?

 
Investments
  • How should my savings be invested so I won't run out of money?

  • Should I pay off my home mortgage now that I am retiring?

  • Should I keep my house or should I move to a smaller place?

  • What should I do with my unexercised stock options from work?

 
Standards of Living
  • What will inflation do to my standard of living while I am retired?

  • How will my spending patterns change throughout my retirement?

  • Will I be able to afford to buy a new car from time to time when I am retired?

  • What effect would moving to a less expensive part of the country have on my standard of living?

  • Will I be able to afford to make sizeable gifts of money to my children, or will I regret it later?

 
Insurance
  • What should I do with my life insurance during retirement?

  • If my spouse or I required a prolonged period of nursing home care, would we be able to afford to keep the house and our standard of living?

  • Can I self-insure for long-term health care or should I buy insurance for all or part?