Preparing for Retirement Part I

Key Takeaways

  • This blog will take a slightly different format over the next few weeks.
  • This is Part I of a three-part series on retirement.
  • This applies to people who are getting close to retirement or are just starting their retirement, but it’s useful information for anyone.

With today’s blog, we’re beginning Part I of a three-part series on retirement. The goal of this series is to help those who are starting the process to find clarity on major issues that surround retirement.

The first step revolves around prepping for questions to ask yourself and considering what you want to start doing in your retirement. Ideally, begin asking these ten critical questions two years before you’re set to retire. These questions are things like:

    • How much will I spend in retirement?
    • How long will the money last?
    • Where am I going to live?
    • Will my healthcare costs be covered?
    • When do I take Social Security?

The full worksheet is here. Go through it and score yourself from one to five. Your final score will help you determine how prepared you are when it comes to the important issues related to retirement.

The next step is taking a look at your reinvention strategy. What this means is asking yourself what you really want to stop doing. Is it commuting? Is it shoveling snow? Is it living far from family members and missing major events? Whatever they are, write them down in the top left section of this worksheet.

Now, conversely, think of what you want to start doing. What do you love doing? Traveling? Learning an instrument? Playing a sport? Write those things down in the top right section of the same worksheet.

The idea is to get rid of the list of things on the left side and start doing everything on the right side of the worksheet. Now, how do you go about getting to that place? Well, the worksheet also has a place to write in your one-year goals and the steps you need to take over the next 90 days to help you reach those goals.

So, if you’re in the process of retiring, this is a proactive approach to get you clear on how to prepare for it and answer some important questions. We’ll continue with Part II in our next blog. Until next time, enjoy.


If you’d like more in-depth information on this topic, we have a course on how to prepare for retirement. Please contact us at, and we’ll get you set up with this video series course.



Gary Klaben serves as a Financial Advisor, and visionary for Coyle Financial Counsel. He has over 30 years of experience and is the author of Changing the Conversation, Wealth of Everything and co-author of The Business BattlefieldWhether advising his clients, mentoring his team, or coaching entrepreneurs, he is always simplifying complexity and motivating others to take the next action that’s right for them.

Learn more about The Coyle Process, approach designed to get your arms around the big picture, so you can make informed financial decisions. Ask Gary about The Coyle Process and schedule a complimentary consultation and start living the Good Life Managed Well™.
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We value your comments and opinions, but due to regulatory restrictions, we cannot accept comments directly onto our blog.  We welcome your comments via e-mail and look forward to hearing from you. 

All information is from sources deemed reliable, but no warranty is made to its accuracy or completeness.   This material is being provided for informational or educational purposes only, and does not take into account the investment objectives or financial situation of any client or prospective client.  The information is not intended as investment advice, and is not a recommendation to buy, sell, or invest in any particular investment or market segment.  Those seeking information regarding their particular investment needs should contact a financial professional.  Coyle, our employees, or our clients, may or may not be invested in any individual securities or market segments discussed in this material.  The opinions expressed were current as of the date of posting but are subject to change without notice due to market, political, or economic conditions. All investments involve risk, including loss of principal.  Past performance is not a guarantee of future results.

Copyright © 2022 Coyle Financial Counsel.  All rights reserved.


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