Retirement Income Worksheet - Invesco · Retirement Income Worksheet 1 Retirement Income Worksheet...
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1 Retirement Income Worksheet Retirement Income Worksheet Completing this form and then meeting your financial advisor can help you with retirement planning. 1 1. Personal Information Name Phone Address e-mail Age Projected years until retirement 2. Expenses Current monthly expenses Estimated retirement monthly expenses Survival money Home/Utilities/Related Food Health/Medical needs Clothing/Personal care needs Transportation needs Credit card or loan payments Income taxes Property taxes Life insurance Long-term care insurance Auto insurance Gifting Parents: – Income subsidy – Long-term care – Purchase their home – Other Children/Grandchildren: – Education – Marriage – First home – Other 1 Some of this worksheet is based in part on “The New Retirementality,” Mitch Anthony, Dearborn Financial Publishing, Inc., 2001.
Transcript of Retirement Income Worksheet - Invesco · Retirement Income Worksheet 1 Retirement Income Worksheet...
1Retirement Income Worksheet
Retirement Income WorksheetCompleting this form and then meeting your fi nancial advisor can help you with retirement planning.1
1. Personal Information
Name Phone
Address e-mail
Age
Projected years until retirement
2. Expenses
Current monthly expenses Estimated retirement monthly expensesSurvival money
Home/Utilities/Related
Food
Health/Medical needs
Clothing/Personal care needs
Transportation needs
Credit card or loan payments
Income taxes
Property taxes
Life insurance
Long-term care insurance
Auto insurance
GiftingParents:
– Income subsidy
– Long-term care
– Purchase their home
– Other
Children/Grandchildren: – Education
– Marriage
– First home
– Other
1 Some of this worksheet is based in part on “The New Retirementality,” Mitch Anthony, Dearborn Financial Publishing, Inc., 2001.
2Retirement Income Worksheet
Current monthly expenses Estimated retirement monthly expensesGifting (continued)
Charities/causes – Local causes
– National causes
– Scholarship fund
– Other
OtherSupport for family member
Support for close friend
Total
3. Goals
Current monthly expenses Estimated retirement monthly expensesLeisure/hobbies
Club memberships
Primary hobby
Secondary hobby
Other
Total
Travel/adventureSecond home
Vacations
Family visits
Recreational vehicle
Other
Total
Personal growth/educationEducation
Developing new skill for income
Developing new skill for pleasure
Health and fitness
Other
Total
3Retirement Income Worksheet
4. Assets
Amount in $Work/business income
Primary wage
Secondary wage
Other
Total
Retirement assetsPension plan
Qualified plan, 401(k), 403(b), 457(b), etc.
Roth IRA
Traditional IRA
Annuities
Other
Total
Investment assetsStocks
Mutual funds
Treasuries
Bonds
Cash
CDs
Real estate
Other
Total
Income per year $
Social Security2
Benefit one
Benefit two
Total
5. Review with your fi nancial advisorNow that you have a clearer picture of your unique needs in retirement, and the assets you will be using to fi nance them, you should meet with your fi nancial advisor to review in detail. You can then develop an investment strategy to help meet your retirement savings and income objectives.
2 Use Invesco’s Social Security Benefi t Calculator or log on to ssa.gov to estimate your benefi ts.
Note: Not all products, materials or services available at all fi rms. Advisors, please contact your home offi ce.Invesco does not provide tax advice. The tax information contained herein is general and is not exhaustive by nature. It was not intended or written to be used,
and it cannot be used by any taxpayer, for the purpose of avoiding penalties that may be imposed on the taxpayer under U.S. federal tax laws. Federal and state tax laws are complex and constantly changing. You should always consult your own legal or tax advisor for information concerning your individual situation.
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