Ask your team for information

Learn the right questions to ask

Be sure to ask questions of your retirement strategy team. First, consult with a military retirement consultant, if one is available in your area. If your spouse works for a company, a great place to start is by talking to their employer or union. If you’re self-employed, you can seek outside professional advice.

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Here are some of the key questions to ask.

Your/your spouse’s employer

  • Does the company offer a retirement plan?
  • Does the company contribute to or match a portion of eligible employee contributions to the plan?
  • Does the company offer an automatic payroll deduction option so I can spread my contribution throughout the year?
  • What retirement benefits will I receive?

Your CPA or tax advisor

  • Which retirement income sources should I spend first in order to minimize my taxes?
  • At what age can I begin withdrawing money from a tax-deferred savings plan without incurring a penalty?

Your investment counselor or financial planner

  • How much can I realistically expect to earn on my investments? (Remember: investing always involves risk and there are no guarantees. Some investments carry more risk, and more potential reward, than others.)
  • How should I allocate my assets to manage my income in retirement while seeking continued growth for my savings?

Your insurance agent

  • Are my current levels of coverage adequate?
  • How often should I review my coverage?
  • Should I purchase supplemental health insurance for retirement?
  • Should I consider long-term care insurance?

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