| THE ONTARIO LAWYERS’ ASSISTANCE PROGRAM Retirement Readiness Quotient The following retirement readiness questionnaire was developed to assess one's retirement readiness quotient from a scale of 0 to 13. Directions for completing the R etirement Readiness Questionnaire : Take some time to think about the following questions and what your answers tell you about your thoughts on retirement. If you have not given much thought to any of these questions, or if you do not have many good answers for them, you are probably not well prepared for retirement. Using these questions as a guide, how can you improve your preparation? 1. Why are you thinking about retirement now? 2. Do you want to retire? (One point if YES) 3. Have you attended a retirement preparation program or seminar focused on financial planning? (One point if YES) 4. Have you attended a retirement preparation program or seminar focused on social planning (e.g., community activities and interpersonal endeavors)? (One point if YES) 5. How would your finances be if you retired now? (One point if Good or Better) 6. Have you developed any outside interests, hobbies, volunteer activities, or areas of new learning? (One point if YES) 7. Have you planned new activities where you would interact with people on a regular basis, offering opportunities for new friendships? (One point if YES) 8. What do your family and friends say about you retiring? (One point if they think you are doing the right thing) 9. Have you considered whether you want a complete or partial retirement? In other words, have you considered part-time or temporary work, or even a less than full-time small business venture? The emphasis here is on consideration. (One point if YES, even if you choose not to go this route) 10. During retirement, will the process of making at least a modest contribution helping out in various volunteer or other activities be sufficient for you, or do you feel you need to make an immediate major difference in what you do? (One point if YES to the first part of the question or to the second part if you feel you have lined up an activity where you can make an immediate major contribution) 11. What is important and fulfilling for you? How do your retirement plans relate to your thinking here? (One point if someone, who is reliable and knows you, feels you give a straight answer and considers your answer good and clear) 12. What is it that gives you a sense of meaning and purpose in life? How do your retirement plans relate to your thinking here? (One point if someone, who is reliable and knows you, feels you give a straight answer and considers your answer good and clear) 13. Have you contemplated ways to maintain your identity as a lawyer or find other activities that can serve to soften the impact of the change in professional identity? (One point if Yes) Scoring - What is your Retirement Readiness Quotient ?
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