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When thinking about retirement, everyone has different goals. You could be retiring in a few short months or retirement could be several years away.
However, the "set and forget" approach to retirement that many employers offer, doesn't let people determine what's right for their retirement goals.
We created a quiz based on the conversations we have had with some of our clients beginning their journey toward planning for their personalized retirement.
Our quiz is only 7 questions and should take around 5 minutes to complete. There are no right or wrong answers, and we hope this gives you some insight into things you may be currently doing and possible options for you in retirement.

Do you expect tax rates to increase or decrease as you get older?*
- I expect tax rates to increase in the future.
- I expect tax rates to decrease in the future.
- I haven’t really given it much thought.
What type of account is the majority of your retirement savings in?*
- A tax-deferred plan (401k, 403b, pension etc.).
- A tax-free plan (Roth IRA, Brokerage Account, 7702 plan, etc.).
- An equal mix of tax-deferred and tax-free plans.
If you had a choice, how would you prefer to have your retirement income accounts setup?*
- Tax-deferred for future taxation at future tax rates.
- Tax exempt so you do not incur taxes on future growth.
- I’m not sure and this concerns me.

Does your retirement account make contributions on your behalf if you become disabled?*
- Yes. If I become disabled, my retirement account will continue to be funded as it is today.
- No. If I become disabled, there would be no contributions made to my retirement account.
- I’m not sure.
Do you know how much of your retirement account will be consumed by taxes in the future?*
- Yes. I’ve explored this and understand the future tax liabilities of my retirement accounts.
- Somewhat. I have a rough idea of how much of my retirement savings will be consumed by taxes.
- No. I have no idea how taxes could affect my retirement accounts, social security, or Medicare.
Have you explored alternative methods of saving for retirement outside of your company sponsored plans (401k, 403b, pension, etc.)?*
- Yes. I’m knowledgeable of the alternative options to my company plan and actively contribute to them on a regular basis.
- Somewhat. I know there are other options out there, but I have not learned much about them nor do I actively contribute to them.
- No. I have never looked into any plan outside of the plan my employer provides.

If given the opportunity, would you rather have to wait until age 59 ½ to access your retirement monies, or would you prefer to have access on your own terms.*
- I would prefer access earlier than age 59 ½.
- I’m fine with waiting until age 59 ½ to access my retirement monies.
- I put my full trust in the rules the government has mandated for my retirement future.
What is more important to you when it comes to the growth of your money?*
- Certainty and consistency with a 4-5% tax-free rate of return.
- Uncertainty with a 5-7% rate of return.
- I don't know but what I have been doing isn't working out.

Tax Quiz