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Retirement Checklist: How Prepared Are You?

The pre-retirement checklist

Retirement Checklist: How Prepared Are You?

Getting ready for retirement? Before you can cross that bridge, you’ll need to cross some important items off your to-do list. But thanks to our work together, you might be more prepared than you think! This handy retirement checklist of ten crucial steps can help you visualize how far you’ve come.


To measure your progress toward retirement preparation, check off your "Done" items from the retirement checklist below.


Retirement Checklist #1: Budget


Understand what your income will be, and how you can confidently spend the money you have accumulated for retirement.


Retirement Checklist #2: Emergency Savings


Prepare for emergencies by saving at least 3 months’ living expenses, and have that money easily available to you.


Saving for retirement

Retirement Checklist #3: Tax Strategy


Have a sound tax strategy to guide you through the process of spending money from both taxable and tax-deferred accounts.


Retirement Checklist #4: Lifestyle & Location


Consider where you’ll live, both short- and long-term. Have a plan for funding a move and understand the timing involved.


Retirement Checklist #5: 401k Strategy


Have a strategy for your 401(k) plan and determine the best time for you to access the money, based on your goals.



Retirement Bucket List

Retirement Checklist #6: Bucket List


Write down your personal goals for your retirement years. Explore your dreams, priorities and values.



Retirement Checklist #7: Extended Care

Make arrangements in the event that you or a loved one encounters a health issue requiring full-time care.


Retirement Checklist #8: Estate Strategy


Develop an estate approach that includes how you want your assets to be allocated, and who will handle your estate.


Retirement Checklist #9: Health Insurance


Understand your options with Medicare and define a strategy for covering health care expenses for the long haul.


Retirement Checklist #10: Social Security Strategy

Have a sound tax strategy to guide you through the process of spending money from both taxable and tax-deferred accounts. It's important to keep up with taxes each year— which is why we have the updated 2024 tax brackets quick reference guide to help get you there. 


Following these ten crucial steps is an amazing way to prepare yourself for retirement. Take care of this retirement checklist, and click below to contact a trusted advisor if you have more questions. 


Contact Copper State Wealth Management


The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. Copyright 2021 FMG Suite.

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