RETIREMENT READINESS ASSESSMENT

While financial planning is certainly important as people consider their retirement future, preparation for this event is much more encompassing. This informal questionnaire should help you focus on your readiness for retirement taking into consideration habits and attitudes across many areas, including: social support, health, time management and housing.

Just respond to each of the questions below and your area scores will be automatically calculated. Once all sections are completed, click on ‘Submit’. The resulting picture will provide you with insight as to where you are in your retirement planning.

For each of the eight categories below, please click on a number between 1 and 10. All questions must be answered in order to submit your assessment.

A.   1     2     3     4     5     6     7     8     9    10    Little knowledge of pension benefits   Exact knowledge of pension benefits  B.   1     2     3     4     5     6     7     8     9    10    Little knowledge of Social Security benefits including Medicare   Complete awareness of Social Security and Medicare  C.   1     2     3     4     5     6     7     8     9    10    Have not started financial planning program for retirement   Have been in a disciplined plan for 10 years or longer  D.   1     2     3     4     5     6     7     8     9    10    Have little knowledge of tax laws affecting retirement   Complete awareness of tax consequences of retirement  E.   1     2     3     4     5     6     7     8     9    10    Have not planned a comprehensive budget including income and expenses in retirement   Have established a comprehensive retirement budget

A.   1     2     3     4     5     6     7     8     9    10    Have not considered working after retirement   Have plans to do some type of work, including own business  B.   1     2     3     4     5     6     7     8     9    10    Do not have a resumé, job search strategy, or business plan   Have a resumé, job search strategy, or business plan  C.   1     2     3     4     5     6     7     8     9    10    Little or no awareness of the job market, have no interviews scheduled   Explored the job market, interviews lined up, or already established  D.   1     2     3     4     5     6     7     8     9    10    Have not contacted job placement service agency   Enlisted an agency specializing in career planning and placement for my specialty  E.   1     2     3     4     5     6     7     8     9    10    Have had no part-time or volunteer work   Have been working volunteer or part-time to best make the transition

A.   1     2     3     4     5     6     7     8     9    10    Anticipate little or no social support from spouse or partner   Receive a great deal of social support from spouse or partner  B.   1     2     3     4     5     6     7     8     9    10    Anticipate little or no social support from family members and friends   Talk freely and openly with family and/or friends  C.   1     2     3     4     5     6     7     8     9    10    Employer and/or organization provides little or no social support or assistance   Employer and/or organization offers classes, clubs, and supportive services  D.   1     2     3     4     5     6     7     8     9    10    Have little or no involvement in civic, fraternal, volunteer, or service groups   Actively involved in civic, fraternal, volunteer, or service organizations  E.   1     2     3     4     5     6     7     8     9    10    Do not belong to any retirement groups or associations   Actively involved in several retirement groups

A.   1     2     3     4     5     6     7     8     9    10    Experiencing considerable stress in other aspects of life   Little or no stress in other aspects of life  B.   1     2     3     4     5     6     7     8     9    10    Have few leisure and recreation pursuits such as hobbies or sports   Have many recreation and leisure pursuits  C.   1     2     3     4     5     6     7     8     9    10    Perceive little control over many aspects of retirement   Perceive tremendous control over aspects of retirement  D.   1     2     3     4     5     6     7     8     9    10    Perceive limited options in retirement   Recognize unlimited options and choices in retirement  E.   1     2     3     4     5     6     7     8     9    10    Lack emotional and psychological resources to live lifestyle of choice in retirement   Have emotional and other resources to live lifestyle of choice in retirement

A.   1     2     3     4     5     6     7     8     9    10    Little or no knowledge or understanding of health and lifestyle's influence on life expectancy   Have a thorough understanding of the health and lifestyle variables on life expectancy  B.   1     2     3     4     5     6     7     8     9    10    In the morning you are often fatigued and stressed-out   In the morning you feel rested and relaxed  C.   1     2     3     4     5     6     7     8     9    10    Have many health problems or concerns   Have no health problems or concerns  D.   1     2     3     4     5     6     7     8     9    10    Exercise infrequently and have sedentary lifestyle   Exercise daily and enjoy an active lifestyle  E.   1     2     3     4     5     6     7     8     9    10    Do not eat a well-balanced diet and have more than 8 alcoholic drinks/week   Eat a well balanced diet and have fewer than 8 drinks a week

A.   1     2     3     4     5     6     7     8     9    10    Retiring at worst possible time   Retiring at best possible time  B.   1     2     3     4     5     6     7     8     9    10    Have many financial obligations — tuition, mortgage, etc.   Most large financial obligations have been resolved  C.   1     2     3     4     5     6     7     8     9    10    Do not have many social events or activities outside of work   Have many activities and social events to keep busy obligations after retirement  D.   1     2     3     4     5     6     7     8     9    10    Retiring from oppressive work environment, boring routine, or mundane work experience   Retiring to enjoy a more relaxed and leisurely lifestyle which may include some kind of work  E.   1     2     3     4     5     6     7     8     9    10    View transition to retirement as open-ended and ambiguous   View transition to retirement as a manageable process

A.   1     2     3     4     5     6     7     8     9    10    Do not have a will or established plans   Have a will and established plans  B.   1     2     3     4     5     6     7     8     9    10    Have not consulted a tax advisor, financial advisor or an attorney   Have a relationship with attorney, tax advisor, or financial advisor  C.   1     2     3     4     5     6     7     8     9    10    Inadequate health, life and disability insurance after retiring   Excellent insurance; health, life, long-term care, and disability after retiring  D.   1     2     3     4     5     6     7     8     9    10    Assets and investments not sufficient to maintain present lifestyle   More than sufficient investment income to live desired retiree lifestyle  E.   1     2     3     4     5     6     7     8     9    10    Fixed estate plan is based on present dollar value and inflation rate   Estate plan can accommodate inflation and economic cycles

A.   1     2     3     4     5     6     7     8     9    10    Primary residence with large mortgage   Primary residence is owned free and clear  B.   1     2     3     4     5     6     7     8     9    10    Do not own any other real estate   Own investment or vacation property free and clear  C.   1     2     3     4     5     6     7     8     9    10    Have large home equity loan balance   Do not have home equity credit line  D.   1     2     3     4     5     6     7     8     9    10    Present housing is not desirable for retirement lifestyle   Present housing arrangement ideal for retirement plans  E.   1     2     3     4     5     6     7     8     9    10    Housing cannot accommodate needs of aging parents or returning children   No inter-generational housing problems anticipated

05/05

Wachovia Securities is the trade name used by two separate, registered broker-dealers and nonbank affiliates of Wachovia Corporation providing certain retail securities brokerage services: Wachovia Securities, LLC, Member NYSE/SIPC, and Wachovia Securities Financial Network, LLC, Member FINRA/SIPC.