Retirement Readiness Survey | Michael Garber Financial Planning

At Michael Garber Financial Planning, we strive to make everything as simple as possible.

Retirement Readiness Quiz - Test yourself

The goal of this short quiz is to help you assess how ready you are for retirement. To complete the quiz, please mark that statement that best describes your present situation. Results apply most closely to those within ten years of retirement.

Once complete, you'll receive an instant email with your score, along with some helpful information. You also will be subscribed to my financial planning newsletter. Your personal information will never be sold or shared.

Your Plans
This quiz is not to be construed as individual financial advice. It is provided for educational purposes only. It only begins to scratch the surface of readiness for retirement.
Retirement Planning is a long-term and multi-faceted process, involving planning for income, spending, housing, insurance, taxes, debts, and investments. Additional planning factors involve your retirement lifestyle, health care, family situation and other activities.
Income Plan*
- I will live off of Social Security, government, or military pensions
- In addition to pensions, I have income-generating investments, or annuities.
- I have Social Security, Pension income, investments/annuities and may continue working part-time.
- I am not quite sure how, but it will all work out.
Spending Plan*
- I have a written 5- or 10-year spending forecast, based on my actual spending.
- I know about what it costs me to live each month, but it is not written down anywhere.
- I am not sure how much I will spend in retirement.
- I plan to keep working indefinitely.
Housing Plan*
- I know I will need to sell my house to live off the equity, but I will think about it more as I get closer to retirement.
- I have identified where I will move and know how much it will cost.
- I plan to stay in my present house indefinitely.
- My mortgage is paid off.
Draw Down Plan*
- I will spend money first from my 401K or IRA accounts.
- It will not matter which accounts I spend from, as long as there is enough to live for 20 years.
- I plan to start taking Social Security as early as possible, and that will conserve my savings.
- I have a tax-optimized draw down strategy that is regularly reviewed and changed as the tax laws change.
Health Coverage and Long-Term Care Plans*
- I plan to retire soon before age 65 and buy individual health insurance to cover the gap.
- I plan to retire after 65 so I will be on Medicare, which covers everything.
- I have researched Medicare and Supplemental Insurance plans and know what I will choose.
- In addition to Medicare and Supplemental insurance, I have long term care insurance.
Timing of Retirement*
- I plan to work as long as I need to and then I will retire.
- If my employer offered me an early-retirement buy-out package, and asked for a quick answer, I know how much I would need in order to accept it.
- I have not thought about it yet.
- I plan to take Social Security and Medicare at the earliest possible age.
Estate Plan*
- I need to work on my Will and other documents.
- I have a complete Estate Plan that was done many years ago.
- I have a current Estate Plan that was completed within the last five years.
- I have a recent Estate Plan and a complete inventory of all my accounts and passwords.
First Name*
Last Name*
Email*

We'll email you your readiness score, along with some helpful perspective.

At Michael Garber Financial Planning, we strive to make everything as simple as possible.

Retirement Readiness Quiz - Test yourself

Your Plans