Questions the What If! game can answer ...
Use this worksheet to play the What If! game! Here are some sample questions often are asked when playing game when at home, planning your retirement.
What If! you begin collecting Social Security at age 62? 65? or 70?
What If! I increase my Pre-Retirement savings by another $2000 per year?
What If! I choose to work during retirement?
What If! when I retire, I sell my house and clear $300,000 and add it to my savings?
What If! I change my investments to increase my dividends by $1000 per year?
What If! my annual return on my investments is 4%? 5%? Or even 7%?
What If! inflation is steady at 2%? Or continues at 7% and requires an annual increase in my budget just to keep up with it?
What if I begin collecting social security at 70 but have my spouse begin collecting at 62? Or the other way around?
What If! my child doesn’t get that scholarship and I end paying $50000 per year for college out of my overall savings?
What IF! I changed, increased, worked, etc., etc., etc.? The questions are endless.
The point is, you can ask yourself a multitude of questions, and see how different answers impact your future financial situation and planning.