Congratulations—you’ve made it to retirement!
As you enjoy this phase of life, maintaining your lifestyle and planning for your wishes for your assets depends on decisions and actions you put in place now. We’re here to help. Here are
some things to consider and questions to ask yourself to help you enjoy retirement, make your income last, and provide for your loved ones in the future.
|•How would you like to leave your legacy?||⬜|
|•Have you reviewed your will? Is it up-to-date and reflecting your current wishes?||⬜|
|•Do you have beneficiaries appointed for all eligible accounts/assets? |
If so, are they accurate and up-to-date?
|•Are there any charities or causes you would like to contribute to?||⬜|
|•Do you have any dependents that count on you for personal or financial support?||⬜|
|•Do you have any children or grandchildren who will have education expenses you would like to help fund during retirement?||⬜|
|•If your spouse passes away, will you still get their Social Security or pension benefits? How might your needs change?||⬜|
|•Are you taking Social Security yet? If not, when should you?||⬜|
|•Have you taken your retirement savings account’s |
Required Minimum Distributions (RMDs)? If not, what
are your options and requirements?
|•What are the tax implications of your retirement residence? |
(i.e., state Social Security, income, and sales tax rates)
|•Are you receiving Medicare coverage? Do you need supplemental coverage?||⬜|
|•Have you check-in on your retirement budget and income? |
Did you allocate your expenses accurately?
Do you need to make any adjustments?
|•Have you rolled over your 401(k)?||⬜|
|•Have you checked in on your portfolio? Is it aligned with |
your retirement income strategy?
|•Are you taking on too much risk? Has your risk tolerance |
changed since you retired? Does your portfolio reflect your
preferred risk tolerance?
|•Are you drawing down your assets in the most tax-efficient approach?||⬜|
|•Have you considered insurance options to |
help protect your retirement income from potential health
and long-term care costs?
|•Are you making charitable contributions in the most tax-efficient way?||⬜|