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Last Updated: November 15, 2006 Related resource areas: Personal Finance


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Are You Ready to Retire?


1a.Retirement Readiness Rating Identify personality traits related to the way in which you manage your money.

1b.Life Expectancy Calculators Estimate how long you will live.

1c.==Risk Tolerance==

When you begin to plan for retirement, you will want to think about your level of risk tolerance when making investment decisions.

Are you conservative, aggressive, or somewhere in between?

These calculations will help you to determine what your risk tolerance is at present.

You might want to think about changing your preference to be more (or less) risky.

Follow-up: Ask your spouse or partner to evaluate his or her risk tolerance. Then discuss how you feel jointly about the level of risk you are comfortable with in saving for retirement. Determine your level of risk tolerance for saving and investing.

1d.Your Retirement Lifestyle Describe what you want in retirement.


More information

Financial Security: Retirement Planning, Financial Security: Saving and Investing, glossary

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