Hubby Tony and I are a long way from retirement, but some people we know have made the leap, and it's a popular discussion topic among our friends.
Right now we're both healthy, and expect to be around for a long time. Based on a cool Life Expectancy Calculator Tony could easily live another 25 years, and I could have another 30. That would give us a lot of years of freedom after we've stopped working. I'm optimistic that we'll be able to tap into Social Security, but I've heard you should also have scarily large amounts of money put aside to supplement it. We want to make sure we're covering all the bases, so today we had an exploratory appointment with a financial adviser to find out what advice her firm could offer us.
The adviser had given us a detailed questionnaire to fill out and bring with us. Tony did most of the work, but he asked me for my opinion on some of the non-factual ones, like when I actually wanted to retire, and how much we wanted to budget for yearly travel. Today the adviser went through the questionnaire with us and asked a lot of questions, filling up several sheets of a yellow legal pad with notes. We also talked briefly about things like the pros and cons of long-term care insurance.
In a couple of weeks we'll get a written report from her and then figure out what direction to go in.