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Have you performed
a comprehensive retirement needs calculation?
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Are you contributing
enough to potentially reach your financial goal within your
desired time frame, by maximizing contributions to tax-advantaged
retirement accounts, such as your employer-sponsored retirement
plan?
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Is your asset
allocation aligned with your retirement goal, risk tolerance,
and time horizon?
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Do you review
your retirement portfolio each year and rebalance your asset
allocation if necessary?
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Do you know
the payout options available to you (e.g., annuity or lump sum)
with your employer-sponsored retirement account, and have you
reviewed the pros and cons of each option?
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Have you considered
your health insurance options, out-of-pocket medical expenses,
and other related health care costs?
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Is your asset
allocation properly adjusted to reflect your need to begin drawing
income from your portfolio soon?
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Have you determined
an appropriate withdrawal rate of your assets to help ensure
that your retirement money might last 20, 30, or more years?
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Have you appointed
a health care proxy and durable power of attorney to take charge
of your health and financial affairs if you are unable to do
so?
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Have you reviewed
all your financial and legal documents to make sure beneficiaries
are up-to-date?
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Are you making
effective use of estate planning tools (such as trusts or a
gifting strategy) that could reduce your taxable estate and
pass along more assets to your heirs while also benefiting you
now?
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