n planning to retire there are major financial concerns to address. Below are top topics of concern for people thinking about retirement:

DSC03890Have you saved enough money to retire?

The key factors in this answer are HOW you want to retire. Do you want to relocate? Do you picture yourself traveling? What do you see yourself doing daily when retired. Once you have clear answers to these questions you will a better understanding of your financial needs in retirement.

A pre-retirement concern – are you currently saving enough to retire when you want to retire? For most people they will need 70 to 80 percent of their pre-retirement income. Setting aside the correct amounts and retiring with little or no debt is essential.

Post-retirement sources of income – Knowing what you will receive in Social Security, pension plans, and retirement savings accounts. You can find out your estimated Social Security benefit by going to www.ssa.gov. Having an estimate of what income you will receive BEFORE you retire will help your transition into retirement as well as you pre-retirement savings plan.