Aging in Place

PERSONAL FINANCE

Understanding Your Income & Assets Do you feel confident that you have/will have enough money (savings, income, assets) to support yourself through the remainder of your life? Yes____ No____ Not Sure ____ If you answered “ no ” or “ not sure ” : Have you thought about strategies to either increase your retirement income or reduce your expenses? Some examples include:  Establishing a savings/retirement account Yes____ No____  Delaying retirement Yes____ No____  Phased retirement with part - time work Yes____ No____  Modifying your savings withdrawal rate Yes____ No____  Converting other assets to cash Yes____ No____  Converting home equity to cash Yes____ No____  Eliminating discretionary expenses Yes____ No____  Revising insurance policies Yes____ No____  Eligibility for governmental assistance programs Yes____ No____

Are you currently collecting Social Security benefits? Yes____ No____

If you answered “ no ”: Have you decided when you will start collected your Social Security benefits? (The earlier in life you start collecting benefits, the lower your monthly check will be. ) Yes____ No____ Not Sure ____

Did You Know?

There are resources and advisors who can help you plan for your financial needs. The National Council on Aging offers an array of options to consider: ncoa.org/article/who - can - help - me - budget - my - money/

Do you have savings, pensions, or other funds set aside? Yes____ No____ Not Sure ____

 Investments  Annuities  Trust Accounts

 401K Account  IRA/Roth IRA accounts  Bank savings

Do you know where these funds are located and how to access them? Yes____ No____ Not Sure ____

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Aging in Place: Your Home, Your Community, Your Choice

Personal Finance