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Retirement Preparation Checklist

Comprehensive checklist for preparing for retirement

Retirement Preparation Checklist
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A thorough checklist for Comprehensive checklist for preparing for retirement.

Checklist Items

  • Estimate retirement expenses (monthly and annual)
  • Calculate Social Security benefits (SSA.gov)
  • Review 401k, IRA, and pension balances
  • Meet with financial advisor for withdrawal strategy
  • Plan Medicare enrollment (3 months before 65th birthday)
  • Evaluate Medigap or Medicare Advantage plans
  • Review and update estate documents (will, trust, POA)
  • Plan for healthcare costs (long-term care insurance)
  • Decide on Social Security claiming age
  • Pay off or plan for remaining debts
  • Create a retirement budget
  • Plan for social engagement and purpose
  • Consider part-time work or volunteering

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