Managing Your Money Wisely as You Retire
What government program provides income for retirees based on their work history?
What is Social Security?
What type of insurance helps your loved ones if you pass away?
What is life insurance?
Spreading money across different assets to reduce risk during retirement
What does it mean to diversify?
This document names who will get your assets
What is a will?
The name of the amount you need saved to retire comfortably?
What is your Financial Freedom Number?
Accounts that offer tax advantages when you retire
What is a Roth IRA or Cash Value Life Insurance?
A benefit within life insurance that can provide income while you are alive if you become terminally, critically or chronically ill?
What is Living Benefits?
This financial vehicle allows you to generate income after you retire without risk
What are Index Annuities?
What is the process of passing your assets to loved ones called?
What is estate planning?
The most important step you can take today to achieve Financial Freedom
What is starting or increasing your retirement savings?
Medicare, health savings accounts, and long-term care insurance can help cover these rising expenses in retirement.
What are ways to manage healthcare costs in retirement?
Insurance that specifically covers nursing home or home care costs?
What is long term care insurance?
Name two assets that can generate income during retirement
What are rental property and stocks?
What financial tool lets you pass assets without going through court?
What is a trust?
This Rule talks about talks about how compound interest grows your savings over time
The Rule Of 72
A common mistake people make when managing their retirement income?
What is underestimating how long they’ll live or overspending?
Spreading money across stocks, bonds, real estate, and other assets reduces risk and improves long-term financial security
What is diversification?
The best way to build a cushion for unexpected expenses in retirement
What is continuing to save and having an emergency fund?
One way insurance preserves your legacy?
What is it provides tax-free money to heirs?
This is the biggest risk of not knowing your financial freedom number
What is running out of money in retirement?
Name one reason why retirees may not have receive to a pension.
What is working part-time, job-hopping, or working at a small company?
This is what happens if you don’t have a plan to protect your income in retirement?
What is financial hardship or outliving your retirement income?
The benefit of delaying receiving your Social Security income
What is receiving a higher Social security amount?
The importance of updating your beneficiaries?
What is to make sure your assets go to the right people?
Properly calculating this number can help you retire early
What is your Financial Freedom Number?