Question 1
What is a critical first step in preparing for retirement according to the class notes?
Question 2
What is the role of a financial planner in evaluating insurance needs pre-retirement?
Question 3
What is an essential step before determining your retirement age?
Question 4
Why should healthcare costs be factored into retirement planning?
Question 5
What should be updated as part of estate planning?
Question 6
What should be managed alongside legal documents in estate planning?
Question 7
Which type of account was specifically mentioned for retirement savings maximization?
Question 8
Which resource can be used to track personal finances better?
Question 9
What is advised for preparing for post-retirement activities?
Question 10
What financial aspect is important to maximize for a substantial after-tax inheritance?
Question 11
Why is it important to develop a retirement budget?
Question 12
Which type of plan is suggested for flexibility in retirement spending?
Question 13
What should be avoided close to retirement according to the notes?
Question 14
Which type of debt might be reasonable to carry into retirement if necessary?
Question 15
Why is seeking professional advice important in retirement planning?