So, you finally made it: you are on the verge of retirement!
Congratulations!
You’ve worked hard, saved, sacrificed, and now are prepared to finally retire and move on to the next chapter of your life.
The financial advisors at Egan, Berger & Weiner have put together a pre-retirement checklist to help you understand all of the major financial decisions you are about to be faced with, and ensure you are prepared for life as a retiree!
Pre-Retirement Checklist
□ Establish Retirement Goals and Aspirations
□ Review All Investments
□ Review Health Care (review all options regarding enrolling in Medicare, if nearing 65)
□ Review Current Cash Flow and Emergency Finances Available
□ Review RMD and Distribution Strategy
□ Review Your Social Security Strategy
□ If Applicable, Review Pension Strategy
□ Review Current Residential Situation - Does It Make Sense to Move Closer to Family?
□ Review if You Have a Need for Long Term Care
□ Review all these items with your financial advisor