5 Questions You Absolutely Must Answer Before You Retire

Are you thinking about retiring? Before you decide you're ready to give up your career and embark upon a life of leisure, it's important to make certain you're really prepared for what retirement entails.

Answering these five questions can help you do that.

Where you live as a retiree can have a profound impact on your financial situation, because the cost of living and tax rules vary a lot across the United States. In some places, for example, you'll face the possibility of local taxes on your Social Security and pension benefits, while in others, these sources of income are tax-free. And in some locations, you'll have to spend your nest egg much more quickly to cover the basics.

Source Fool.com