The thought of retirement can feel like a dream. Financial stability and the ability to do what you want and not what you have to with your days is a life goal for many people. But how do you reach that retirement life? Ask these 10 questions to prepare yourself for a successful retirement.

1. Figure out when you want to retire.
2. Gauge the amount of income you’ll need to cover your lifestyle
3. Calculate and make the most of pension and Social Security benefits.
4. Determine if annuities are suitable.
5. Evaluate if you can sustain your planned expenditures during retirement.
6. Create a comprehensive, long-term strategy based on what you anticipate you’ll need financially in retirement.
7. Be aware of tax regulations.
8. Analyze insurance coverage.
9. Deal with your estate and succession plan.
10. Talk to a financial advisor to put all the pieces together

Securities offered through DAI Securities, LLC, member FINRA/SIPC.  Advisory services offered through DAI Wealth, Inc.., an SEC Registered Investment Adviser. DAI Securities, LLC and DAI Wealth, Inc. are separate, but affiliated, entities. This document is for educational purposes only and should not be construed as legal or tax advice. One should consult a legal or tax professional regarding their own personal situation. Any comments regarding safe and secure investments and guaranteed income streams refer only to fixed insurance products offered by an insurance company. They do not refer in any way to securities or investment advisory products. Insurance policy applications are vetted through an underwriting process set forth by the issuing insurance company. Some applications may not be accepted based upon adverse underwriting results. Death benefit payouts are based upon the claims paying ability of the issuing insurance company. The firm providing this document is not affiliated with the Social Security Administration or any other government entity.

Source: https://www.morningstar.com/articles/997928/a-retirement-readiness-checklist