Planning for retirement is no simple task. Fortunately, the free interactive worksheets available at YourRetirementJourney.com can help make the process a bit easier, says Mark Singer CFP®.
Eight different worksheets are available for download at www.yourretirementjourney.com, including:
- Beneficiary review: An entire plan can blow up if the proper beneficiaries are not in place. Use this as a guide to updating beneficiary designations.
- Retirement vision: Visualizing how you want to live your life in retirement and what you want to do is crucial to the retirement planning process. People can use this worksheet as a starting point to understanding what they want their retirement to look like.
- Your bucket list: This list helps people develop a list of important items. Remember, the more detailed the description, the greater the probability of accomplishing the goal.
- Cash flow: Use this worksheet as a guide to understanding the cash needed for a desired retirement lifestyle. Without a properly defined cash flow, it is very difficult to put together a proper investment portfolio.
- Document organizer: Studies show that coordinating financial affairs is one of the most important issues for retirees. Use this guide to understand what documents need to be gathered in order to gain a better sense of control and peace of mind.
- Financial checklist: The Financial Organizer System helps coordinate all pertinent financial documents and serves as an invaluable family resource. Use this checklist as a starting point to understand which documents are needed and how long to keep them.
- Interview preparation: Everyone is accountable for the selection of their own retirement planning professional. We've put together a list of questions to ask when interviewing a prospective planner.
- Financial physical: We all go to the doctor to get a check-up every now and then, so shouldn't we do the same with our finances? This checklist helps people review their finances and get a better sense of their overall financial health.
These worksheets are designed to help people prepare for retirement—and to consider what they've already done. From visualizing your retirement goals, to understanding your cash flow needs, to how to interview a financial planner, our straightforward worksheets help individuals gain knowledge and insight to guide them toward the future that you want to create. Worksheets can be downloaded at www.yourretirementjourney.com/worksheets and require free Adobe Reader software.
Mark Singer is a CERTIFIED FINANCIAL PLANNER™ professional and the author of The Changing Landscape of Retirement—What You Don't Know Could Hurt You. He has been The Retirement Guide to thousands of investors for close to 25 years and is the creator of the Retirement Roadmap and the Financial Organizer System, both of which contribute to a solution to investors' greatest concerns—properly coordinating their financial affairs.