What Issues Should I Consider Before I Retire?

If you're getting ready to retire, there are several planning issues you'll need to consider to ensure a smooth transition. This checklist covers 32 of the most important planning issues to help you identify and address potential challenges before and during retirement.

The checklist is organized into five main categories:

Cash Flow Issues: This section covers key questions you'll need to ask about your retirement income, expenses, and budgeting.

Health Insurance Issues: In this section, you'll find information about your Medicare options, long-term care insurance, and other health-related issues to consider.

Asset & Debt Issues: This section covers important topics such as how to manage your investments, how to pay off debt, and how to plan for your legacy.

Tax Planning Issues: Here, you'll find information about how taxes may affect your retirement income and how to minimize your tax burden.

Long-Term Planning Issues: The final section of the checklist covers important issues to consider for the long-term, such as estate planning, charitable giving, and potential long-term care needs.

By reviewing and addressing the planning issues in this checklist, you can help ensure a smooth and successful transition into retirement.

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Robert J. Pyle, CFP®, CFA, AEP® founded Diversified Asset Management, Inc., in 1996 to provide personalized, comprehensive wealth management services to successful individuals, families, single women, and business owners. His specialty is addressing the complex financial needs of self-employed professionals, corporate executives, and small-business owners. Our disclosure can be found here. The views, opinion, information, and content provided here are solely those of the respective authors, and may not represent the views or opinions of Diversified Asset Management, Inc. Diversified Asset Management, Inc. cannot guarantee the accuracy or currency of any such third party information or content, and does not undertake to verify or update such information or content. Any such information or other content should not be construed as investment, legal, accounting, or tax advice.