Pre-Retirement Checklist: Considerations for Life’s Next Phase

Transitioning to retirement can be both exciting and overwhelming, but taking a proactive approach to retirement planning can help ensure you have the means to enjoy what you’ve earned through a lifetime of work.

There are many considerations to note ­­– in addition to income – that will have an impact on your retirement. Talking with a financial advisor can help provide guidance on key activities and things to think about prior to your actual retirement date.

Here are a few tips to consider when beginning pre-retirement organization:

  • Determine Social Security eligibility, estimated benefits and timing for drawing benefits.
  • Evaluate your company retirement plans, and options for 401(k)/401(a)/403(b) – are rolling over into your IRA or Roth IRA account.
  • Consider any changes to your estate planning documents – including Wills, Powers of Attorney, Health Care Directives, Trusts, etc. ­– that may be necessary following retirement.

You should also consult with a tax professional about your pending retirement, as there may be changes to estimated tax withholding, use of deductions and retirement income taxation. Evaluating your insurance needs – including Medicare eligibility – can also be a helpful pre-retirement exercise.

Learn more about pre-retirement financial planning by downloading our comprehensive checklist.


PLEASE NOTE: JNBA is neither an attorney nor accountant, and no portion of the mentioned checklist should be construed as legal or accounting advice. All legal and accounting issues should be addressed with the legal and accounting professionals of your choosing.

Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions.  Moreover, you should not assume that any discussion or information contained in this blog serves as the receipt of, or as a substitute for, personalized investment advice from JNBA Financial Advisors, Inc.

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