Adults should consider planning for a retirement that could last 20+ years.

According to the Social Security Administration, a healthy 65-year-old woman has a very good chance of living to age 86, and a 65-year-old man has a good chance of reaching age 84.

Source: GOBankingRates.com

Question 1

I have enough money to allow me to live comfortably throughout my retirement.*

Confident

Somewhat Confident

Not Confident

On average, an American turning 65 today will incur $137,800 in future long-term care services and supports costs.

Source: Department of Health & Human Services

Question 2

I have enough liquidity to cover unforeseen expenses today and through retirement (e.g., home repairs, medical expenses, in-home aid, long-term care, and so on).*

Confident

Somewhat Confident

Not Confident

Debt-to-GDP has historically been a leading indicator of income tax increases in the US. Almost half (47%) of Americans expect their taxes to go up significantly in the next four years.

Where do you think taxes are headed in the future?

Sources: The Balance, FRED, Tax Policy Org, Nationwide

Question 3

My tax planning strategy includes a tax-free retirement income vehicle.*

Yes

Maybe

No

Did you know…?

76% of people are NOT discussing the impact of inflation and how it can prevent them from enjoying their retirement.

Source: Allianz

Question 4

My investments are structured to earn a return year-after-year, that will be able to keep up with cost-of-living increases.*

Confident

Somewhat Confident

Not Confident

Did you know…?

The average Bear Market drops nearly 40% and lasts 3.8 years.

Source: GOBankingRates.com

Question 5

I understand the amount of risk in my current investment portfolio.*

Yes

Maybe

No

Did you know…?

Social Security typically represents approximately 30% of a retiree’s income. This income source can decrease by up to 50% when a spouse passes away.

Source: Social Security Administration

Question 6

My spouse and dependents will have enough money to maintain their lifestyle when I pass away.*

Confident

Somewhat Confident

Not Confident

There is a Growing Concern of Outliving One’s Money in Retirement

Three in five Americans say that not having enough money in retirement is a top financial concern.

Source: Yahoo! Money

Question 7

Upon retirement, my assets will provide me with a consistent income stream to cover my expected expenses and last throughout my lifetime.*

Confident

Somewhat Confident

Not Confident

As investment loss increases, the gain required to restore the loss increases at an escalating rate.

Please Note: Needed % gain to restore loss = [1 / (1 – % Loss)] – 1 For example, the needed gain to restore a 10% loss can be expressed as: [1 / (1 – .10)] – 1 = .1111 or 11.11% Thus, the needed gain to restore the 10% loss is 11.11%. As the loss gets bigger, the needed gain to restore the loss increases at an increasing rate.

Question 8

If I experience a 30% investment loss, I will have plenty of time to recover those losses and make up gains before I need to withdraw money for retirement.*

Confident

Somewhat Confident

Not Confident

It’s Getting More Expensive to Live.

Thanks to inflation, the same gallon of gas that averaged $1.51 in 2000, costs $4.82 today.

Source: AAA

Question 9

The idea of inflation eroding my income in retirement (when I am living on a fixed income) is concerning to me.*

Yes

Maybe

No

Did you know…?

Retirees may owe taxes on their retirement income withdrawals. This can equate to 15, 20, or even 30 years of future tax liabilities while one is no longer working.

Question 10

I believe my income taxes will increase over the next two decades.*

Agree

Somewhat Agree

Disagree

Please email my quiz results to:

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Investment advisory and financial planning services offered through Simplicity Wealth, LLC, an SEC Registered Investment Adviser. Sub-advisory services offered through Simplicity Solutions, LLC, an SEC Registered Investment Adviser.

Financial Confidence Quiz

Adults should consider planning for a retirement that could last 20+ years.

According to the Social Security Administration, a healthy 65-year-old woman has a very good chance of living to age 86, and a 65-year-old man has a good chance of reaching age 84.

Question 1

On average, an American turning 65 today will incur $137,800 in future long-term care services and supports costs.

Question 2

Debt-to-GDP has historically been a leading indicator of income tax increases in the US. Almost half (47%) of Americans expect their taxes to go up significantly in the next four years.

Where do you think taxes are headed in the future?

Question 3

Did you know…?

76% of people are NOT discussing the impact of inflation and how it can prevent them from enjoying their retirement.

Question 4

Did you know…?

The average Bear Market drops nearly 40% and lasts 3.8 years.

Question 5

Did you know…?

Social Security typically represents approximately 30% of a retiree’s income. This income source can decrease by up to 50% when a spouse passes away.

Question 6

There is a Growing Concern of Outliving One’s Money in Retirement

Three in five Americans say that not having enough money in retirement is a top financial concern.

Question 7

As investment loss increases, the gain required to restore the loss increases at an escalating rate.

Question 8

It’s Getting More Expensive to Live.

Thanks to inflation, the same gallon of gas that averaged $1.51 in 2000, costs $4.82 today.

Question 9

Did you know…?

Retirees may owe taxes on their retirement income withdrawals. This can equate to 15, 20, or even 30 years of future tax liabilities while one is no longer working.

Question 10

Please email my quiz results to: