5 Minute Challenge
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Pay It Forward Scholarship
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The Retirement Peace Challenge

Many times we don’t know what we don’t know and that can be harmful. Complete this 5 minute confidential challenge to determine if you could benefit by being a part of the Retirement Peace Project.

1. I know the minimum monthly income I will require this retirement year (or my first retirement year).
2. I know what my marginal federal and state income tax rate will be in retirement (or my first retirement year).
3. I know the minimum amount of emergency savings I should maintain throughout my retirement.
4. I have calculated the amount of monthly net retirement income I will need in 10 years and 20 years, adjusting for 3% annual inflation.
5. I know when I can retire and still have sufficient income and assets for the remainder of my life.
6. In order to maximize my lifelong Social Security income, I know the optimum time to begin benefits.
7. I understand the Social Security spousal strategy how it could potentially increase my household’s income.
8. I know the best strategies in today’s market for converting retirement savings into lifelong income.
9. Based on my age and risk tolerance, my portfolio should optimally be, % conservative, % aggressive.
10. I know the amount of my savings held in long‐term bonds and bond mutual funds, and the reason these may soon experience a significant loss in value.
11. I understand how alternative investments and linked accounts may help me reduce investment risk.
12. I know my best strategy for maximizing pension benefits for my household.
13. I have a medical power of attorney in place for myself, spouse and single children over 18.
14. I know what my monthly premiums for Medicare Part B will be and where they will be deducted.
15. I know the annual cost of long‐term care in my area and have a plan in place to cover costs if needed.
16. In order to maintain my health, I exercise a minimum of 30 minutes, 4 or more times a week.
17. I mostly practice a healthy diet, low in processed foods and high in lean protein, veggies and fruit.
18. I know the legal instrument that I could use to limit my long‐term care expenses to a max of 60 months.
19. Given my financial and family situation, I know whether a will or a trust would best serve my estate.
20. I have my financial records organized so that, should I become ill or die, my heir(s) can smoothly carry on.
21. I know when I must begin taking Required Minimum Distributions (RMD) from my qualified retirement accounts and the amount of my penalty for missing a withdrawal.
22. I financially support one or more charities that help the less fortunate on a systematic basis.
23. I have a formal, written retirement income plan and am following it to success.

Based on your answers you may qualify for a "Pay It Forward" Scholarship to Retirement Peace University.  Fill out your contact information and click the "Get Results" button below to submit your quiz and determine your score. Note it may take several seconds for the results to be displayed after you click the button.