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.
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?
Click the Next button to continue.