How to Measure the Health of Your Retirement Plan

These five key indicators can help you make decisions based on the overall performance of your retirement plan rather than individual variables.

An older woman talks with a financial adviser about retirement in his office while sitting at a table with a laptop open in front of them.
(Image credit: Getty Images)

It is well known that business owners use KPIs (key performance indicators) to track and understand the health of their business and marketing efforts. Much like running a business, those planning for retirement should consider their retirement KPIs to help measure the health of their financial situation.

For some people, retirement can seem overwhelming, while others can sometimes oversimplify the process. Regardless of which camp you fall into, it is a good idea to know what information to pay attention to and understand how to prioritize it.

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This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Brian Skrobonja, Chartered Financial Consultant (ChFC®)
Founder & President, Skrobonja Financial Group LLC and Skrobonja Wealth Management, LLC

Brian Skrobonja is a Chartered Financial Consultant (ChFC®) and Certified Private Wealth Advisor (CPWA®), as well as an author, blogger, podcaster and speaker. He is the founder and president of a St. Louis, Mo.-based wealth management firm. His goal is to help his audience discover the root of their beliefs about money and challenge them to think differently to reach their goals. Brian is the author of three books, and his Common Sense podcast was named one of the Top 10 podcasts by Forbes. In 2017, 2019, 2020, 2021 and 2022, Brian was awarded Best Wealth Manager. In 2021, he received Best in Business and the Future 50 in 2018 from St. Louis Small Business.