Pre-Retirement Checklist
This checklist is designed with a goal to address the wide variety of issues that clients who are within five to ten years of retirement need to understand. Children have grown, family life is being redefined, and careers have peaked. When to retire from full-time work and start receiving income from self-generated sources has been determined.
Portfolio Review
- Pre-retirement and post-retirement risk tolerance
- Employer retirement plan options
- Roth IRA conversions
- Tax efficiency
- Investment strategies
- Asset allocation
- Risk tolerance
- Time horizon
- Diversification
- Contributions
- ESG
Financial Planning
- Cash flow and budget analysis
- Short term and long-term goals
- Emergency fund
- Clarify values and financial decision-making
- Real estate plans
- Large expenditures
- Savings strategy
- Social Security analysis
- Monte Carlo analysis
Retirement Spending Plan
- Guaranteed income projection
- Social Security analysis
- Tax-efficient distribution strategy
- RMD analysis
Insurance Review
- Life
- Long-term care
- Auto, umbrella, homeowners/rental
- Medical/dental
- HSA and FSA
- Disability
- Medicare
Estate Plan
- Wills/Trusts
- Guardianship
- Power of Attorney
- Health Care Directive
- Legacy goals
Family Meeting