Retirement Checklist

It’s never too soon to start planning your retirement; it’s never too late to review and improve that plan to meet the ever changing challenges of life.

Are you really prepared to transition to retirement? You’ve probably already taken some steps to prepare for retirement. But have you taken the right steps to help you transition?

Utilize this simple checklist to help identify steps you may need to take before making the transition to retirement.

□ I have a good idea as to when I want to retire and I’m able to do so.
□ I have a list of the expenses I will have during retirement.
□ I talk with my financial advisors about how much income I’ll need.
□ I have a good sense as to how I’ll spend my days when I’m not working.
□ I understand my Social Security benefits.
□ I have a plan for when I should begin taking my Social Security benefits.
□ I’ve updated necessary insurance policies, including health insurance.
□ I know where my health insurance will come from once I’m retired.
□ I understand Medicare and how it works with my health insurance.
□ I’ve consolidated similar financial accounts, such as 401(k) plans and IRAs.
□ I know how much of my retirement income will come from my retirement accounts.
□ I have a good idea as to whether or not I need long-term care insurance.
□ I regularly discuss retirement goals and interests with my spouse.
□ My spouse and I have similar ideas about where and how we’d like to live.

Have you left any box unchecked? If so, it’s time to be proactive today so you get the retirement you deserve. Get on track for a successful retirement by reviewing this checklist with your trusted financial professional.

James Whitaker, PHD, Financial Planner Social Security Expert
James Whitaker, PHD, Financial Planner Social Security Expert

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