Retirement Ready

I have estimated how much money I will need each month in retirement and compared it with my expected retirement income.

I understand the role Social Security, pensions, 401(k)s, 403(b)s, IRAs, investments, savings, and other income sources may play in my retirement.

I have considered when to claim Social Security and understand how starting earlier or delaying benefits may affect my lifetime retirement income.

I know where all of my retirement accounts are and understand the options available for accounts from former employers—including keeping assets in an existing plan when permitted, moving them to a new employer plan, rolling them to an IRA, or taking a distribution.

I have considered how I will turn my accumulated savings into dependable retirement income and how long that income may need to last.

My investment strategy reflects my retirement timeline, financial goals, risk tolerance, income needs, and ability to withstand market fluctuations.

I have considered Medicare enrollment, supplemental coverage, prescription drug costs, long-term care needs, and other potential healthcare expenses.

I have considered the potential tax impact of withdrawals from traditional retirement accounts, Roth accounts, Social Security benefits, pensions, investments, and required minimum distributions.

I have reviewed my life insurance, long-term care planning, beneficiaries, will, trust, powers of attorney, and other important estate-planning documents.

I have a coordinated strategy for retirement income, investments, taxes, healthcare, protection, beneficiaries, and the legacy I want to leave.