Are You Ready for Retirement?

Are You Ready for Retirement?1. I dream about my retirement all the time.
True / False

2. I know exactly what I want to do when I retire.
True / False

3. I will not mind being confined to my home with a broken foot, with no Internet, Blackberry or any other way to connect to my work available.
True / False

4. I have interests outside of work that consume my free time.
True / False

5. When asked “Who Am I?,” my answer is my designation.
True / False

6. My closest friends are competitive and work-driven.
True / False

7. I find myself upgrad- ing my phone, laptop and car regularly.
True / False

Scoring:
1. True = 10; F = 0
2. True = 10; F = 0
3. True = 10; F = 0
4. True = 10; F = 0
5. True = 0; F = 10
6. True = 0; F = 10
7. True = 0; F = 10

Add up your points to get your total score. Below is what your score says:

50 or more: Your mind is ready for retirement, but you just need the money to be able to disconnect the always-on switch.

30 to 50: You are halfway there. Look carefully at the questions where you scored a zero to understand where you have mental roadblocks to retirement.

20 or less: You seem to be enjoying the work you do, so you have a long way to go before you can give up your BlackBerry!

Are You Ready for Retirement?When Will You Retire?
These statistics provide you with an average age of when individuals retire.
Under 60 30%
60 – 61 14%
62 – 63 15%
64 – 65 16%
66 – 67 14%
68 – 69 3%
Over 70 5%

Questions and statistics submitted by Shahi Sharma, Financial Planner. Mr. Sharma owns a financial planning and consulting business in Atlanta, Georgia.