Retirement Planning Checklist

When Will You Be Retirement Ready?

Use this checklist as a guide:

• I have discussed my retirement plans, such as where I want to live, with my spouse/partner and have developed a strategy.

• I know what my Social Security income will be in retirement.

• I have developed a retirement savings strategy, including a targeted amount of savings accumulated at retirement to generate the level of income I need.

• I know the approximate anticipated future income from my investments based on current balances and my savings strategy. These income sources may include 401(k), pension, IRA, savings, etc.

• I have discussed my finances with my spouse/partner, including whether we should execute wills or update our wills.

• I have advance medical directives in place (i.e., health care proxy, durable power of attorney, and/or living will).

• I have my important papers, including those listed above, where my family can find them. I have reviewed the papers with my spouse/partner.

• I have reviewed my health and life insurance coverage, both now and for retirement.