5 Questions You Must Ask Before You Retire

A comprehensive guide to retirement planning, focusing on income, taxes, long-term care, and estate planning. Sebastian Guerra from Guerra Wealth Advisors discusses five critical questions families should ask before retiring, Case study of Mark and Linda, a couple in their early 60s with $2.5 million in investments.

Mark and Linda needed $9,500 monthly to maintain their lifestyle, with income sources including Social Security, rental property, and retirement accounts. Through strategic planning, they developed a bucketing strategy, tax optimization approach, and hybrid long-term care policy to secure their financial future.

5 critical questions to ask before retiring:

✅ How much money income will you need every month?
✅ Where will your retirement income come from?
✅ How much will you be paying in taxes during retirement?
✅ What happens if one of your needs long-term care?
✅ What legacy or estate plan do you have in place?


Key Takeaway: Effective retirement planning requires a holistic approach that addresses income, taxes, healthcare, and legacy, transforming retirement from a hope to a purposeful, strategic transition.

⏱Timestamps:
00:00 - Introduction
00:42 - Mark and Linda
01:50 - How much money income will you need every month?
03:38 - Where will your retirement income come from?
05:39 - Bucketing Strategy
07:38 - How much will you be paying in taxes during retirement?
12:34 - What happens if one of your needs long-term care?
17:28 - What legacy or estate plan do you have in place?
21:08 - Closing Thoughts