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Retirement Planning Steps to Consider

Are you ready for retirement?

Are you ready for retirement?

Our Retirement Planning services typically include projections of your likelihood of achieving your retirement income goals. 

Retirement Planning Steps 

  1. Determine the lifestyle you desire during retirement.
  2. Estimate expenses during retirement.
  3. Assess expected retirement income sources.
  4. Review ongoing savings and adjust to keep up with inflation.
  5. Take advantage of employer matching contributions. 
  6. Diversify your investments across different asset classes.
  7. Pay off high-interest debt before retirement.
  8. Healthcare planning: consider rising costs as you age.
  9. Review long-term care insurance options, health savings accounts (HSAs) to cover medical expenses.
  10. Consult with an estate planning attorney, review insurance and beneficiaries. 
  11. Review and adjust your plan regularly: Monitor your investments frequently. 
  12. If already retired, review your income distribution strategies to minimize the likelihood of running out of money.