This post was contributed by a community member. The views expressed here are the author's own.

Community Corner

On January 22nd: `Can I Afford to Retire?’ at Lemont Public Library

Retirement expert Dr. Jim Flanagan, founder of Bentron Financial Group, leads session that helps you gauge your retirement readiness

Dr. Jim Flanagan helps people at or near retirement through investment advising, estate planning, risk management and watching out for their overall financial well-being. His presentation on Monday, January 22nd is hosted by the Lemont Public Library.
Dr. Jim Flanagan helps people at or near retirement through investment advising, estate planning, risk management and watching out for their overall financial well-being. His presentation on Monday, January 22nd is hosted by the Lemont Public Library. (Matt Baron | Inside Edge PR + Media)

Can I afford to retire?

Depending on your situation, it’s a simple question that you may welcome with a sense of accomplishment or receive with more than a little concern.

That provocative, but urgent, question is also the title of a presentation by retirement expert Dr. Jim Flanagan at 7 p.m. on Monday, January 22nd at Lemont Public Library, 50 E. Wend St.

Find out what's happening in Burr Ridgefor free with the latest updates from Patch.

The event registration page is https://lemontlibrary.libnet.info/event/9728222; you can also register by contacting the library at info@lemontlibrary.org or 630-257-6541.

Flanagan, founder of Bentron Financial Group, will guide attendees through several self-evaluation exercises that help reveal their readiness for retirement. Thereafter, attendees will be introduced to 10 critical questions that every retiree must answer before embarking on a successful retirement. In addition, the session will cover the basic need for an estate and/or a financial plan, as Flanagan provides an estate analysis questionnaire and an example of a balance sheet.

Find out what's happening in Burr Ridgefor free with the latest updates from Patch.

The COVID-19 pandemic has ushered in an additional layer of uncertainty as people approach retirement, he noted.

“In a real practical way, this program helps people assess whether they are ready to retire,” Flanagan added. “And if not, what steps do you need to take to get there?”

Flanagan founded Bentron Financial Group in 2001. He has provided financial guidance to people at or near retirement age for over 30 years. In that time, he has become a nationally recognized expert on financial issues impacting older adults and late-life transitions. Flanagan is the author of Packing For Retirement: A Practical Guide to Prepare for Retirement at Any Age.

He has served on the Oak Park/River Forest Township Senior Services Committee since 2008. In 2010, he founded the Celebrating Seniors Coalition, a not-for-profit organization that provides seniors with emergency services and raises public awareness of issues affecting seniors in Oak Park, River Forest and Forest Park.

Bentron Financial Group is online at www.bentron.com.

The views expressed in this post are the author's own. Want to post on Patch?