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Financial Independence Checklist

Formal education will make you a living; self-education will make you a fortune. – Jim Rohn
There are many other items to consider besides financial independence. Seek help from a financial planner, one that has a lot of retirement planning experience.
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Formal education will make you a living; self-education will make you a fortune. – Jim Rohn

Goal

There are many other items to consider besides financial independence. In addition, retirement now comes in different variations such as:

  • Ending all paid work completely
  • Transitioning to part-time work
  • Seasonal work
  • Work at your own small business

Seek help from a financial planner, one that has a lot of retirement planning experience

Financial:

  • Budget now
  • Budget for a future (pro-forma)
  • Retirement income sources
  • Tax planning
  • Investment profile update
  • Appropriate investment strategies
  • Retirement scenarios – different times, rates of return, monthly income amounts, inflation, etc.
  • Health insurance now and in the future
  • Other?

It is not always about what you make, but what you keep that is important.

Non-Financial

  • Estate Planning – estate summary, personal records inventory, updated will and executor, enduring power of attorney, living will, etc.
  • Where to live in the future – house, apartment or condo
  • Volunteer roles now and in future
  • Part-time work
  • Family relationships?
  • Business succession plans
  • Other

Get your free copy of our Transitions Retirement Playbook today!

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