As working adults, many of us look forward to the freedom that retirement will bring. This freedom will give us the chance to focus on the things that matter most, like spending time with family, traveling, or picking up new hobbies. But have you considered what your lifestyle in retirement will look like and how much your necessary and discretionary expenses will be each year?

This retirement planning worksheet will help you visualize your retirement life, including where you want to live, the activities you want to pursue, and how you want to leave a legacy. The second section will then guide you through creating a budget that outlines your fixed and discretionary expenses, as well as your guaranteed and non-guaranteed income.

Self-Evaluation Questions

Residency

  1. Where is your ideal place to retire? (Waterfront, rural area, city, mountains)
  2. Do you want to stay in the same home?
  3. Would you like to upsize or downsize?
  4. How far do you want to be from your friends and family?

Activities and Hobbies

  1. What types of sports, clubs, or associations are you a part of now?
  2. What would you like to join in the future?
  3. Do you have to travel to carry out these activities?
  4. How important is being social to you?

Philanthropy

  1. Are you considering charitable giving as part of your legacy?
  2. What initiatives would you be interested in giving to?
  3. How can my skills and experiences support the causes I care about?

Legacy

  1. What do you think your life’s legacy will be?
  2. How do you want your legacy to live on?
  3. How do you want to include your family in your legacy planning?

Retirement income

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6 Meridian is a group comprised of investment professionals registered with Hightower Advisors, LLC, an SEC registered investment adviser. Some investment professionals may also be registered with Hightower Securities, LLC, member FINRA and SIPC. Advisory services are offered through Hightower Advisors, LLC. Securities are offered through Hightower Securities, LLC.

This is not an offer to buy or sell securities. No investment process is free of risk, and there is no guarantee that the investment process or the investment opportunities referenced herein will be profitable. Past performance is neither indicative nor a guarantee of future results. The investment opportunities referenced herein may not be suitable for all investors. All data or other information referenced herein is from sources believed to be reliable. Any opinions, news, research, analyses, prices, or other data or information contained in this presentation is provided as general market commentary and does not constitute investment advice. 6 Meridian and Hightower Advisors, LLC or any of its affiliates make no representations or warranties express or implied as to the accuracy or completeness of the information or for statements or errors or omissions, or results obtained from the use of this information. 6 Meridian and Hightower Advisors, LLC assume no liability for any action made or taken in reliance on or relating in any way to this information. The information is provided as of the date referenced in the document. Such data and other information are subject to change without notice. This document was created for informational purposes only; the opinions expressed herein are solely those of the author(s) and do not represent those of Hightower Advisors, LLC, or any of its affiliates.

Hightower Advisors, LLC or any of its affiliates do not provide tax or legal advice. This material is not intended or written to provide and should not be relied upon or used as a substitute for tax or legal advice. Information contained herein does not consider an individual’s or entity’s specific circumstances or applicable governing law, which may vary from jurisdiction to jurisdiction and be subject to change. Clients are urged to consult their tax or legal advisor for related questions.

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