Retirement Readiness Checklist
A simple guide to help you understand how prepared you are for retirement.
Before You Retire:
• I know how much I need saved to retire comfortably.
• I understand when and how I can claim Social Security.
• I have a clear retirement income strategy (not just investments).
• I know how my taxes may change in retirement and I how can reduce the taxes I may have to pay.
• I have reviewed my retirement accounts for fees and risk.
• I have a plan for healthcare and Medicare costs.
During Retirement:
• I know how much I can safely withdraw each year.
• I have a strategy to protect against market downturns.
• I have planned for inflation over a long retirement.
• I know how Required Minimum Distributions (RMDs) will affect me.
• I have reviewed my beneficiary designations.
Legacy & Protection Planning:
• I have an updated will and estate plan.
• I understand how my assets will pass to my heirs and taxes they may have to pay.
• I have considered long-term care planning and future healthcare costs.
• I know who to contact if something happens to me.