Retirement checklist reboot
How Have Your Priorities Changed Over Time?
As you move through life, it’s not uncommon for goals and priorities to change. What you imagined retirement to be when you were in your 20s and 30s may not be at all what you’re imagining in your mid-40s to mid-50s. And you’ll probably continue to fine-tune your plans as retirement comes into focus just a few years out.
Tracking Your Needs
One of the ways to stay on track is to periodically run through a checklist of key retirement items to help you bring your retirement goals into focus. Sometimes seeing the numbers in writing can be very helpful. Be sure to print and complete this Retirement Needs checklist.
Update As Needed
The following are some items worth revisiting yearly:
- Review/update your beneficiaries.
- Calculate your net worth and make adjustments as needed. Download Net Worth guide
- Review your investments and retirement plans to make sure they are in line with your risk tolerance.
- Imagine your retirement and discuss with your loved ones.
- Take an inventory of any legal/financial documents and update as needed.
- Check your retirement account(s) contribution level(s) and increase contributions if you’re able.
- Consider other products, including whole life insurance, annuities, long-term care and real estate — to increase your post-work income stream.
By reviewing your retirement needs and making adjustments to this retirement checklist, you’ll have peace of mind that you’re doing what you need to do to have a financially healthy retirement.
1. PlanSponsor.com, Gen X Struggling Most With Retirement Readiness and Confidence | PLANSPONSOR, Lee Barney, April 2019.
Note: OneAmerica® is the marketing name for the companies of OneAmerica. Products issued and underwritten by American United Life Insurance Company® (AUL), a OneAmerica company. Administrative and recordkeeping services provided by OneAmerica Retirement Services LLC, a OneAmerica company, which is not a broker/dealer or investment advisor.
Provided content is for overview and informational purposes only and is not intended and should not be relied upon as individualized tax, legal, fiduciary, or investment advice. These concepts were derived under current laws and regulations. Changes in the law or regulations may affect the information provided. For answers to specific questions, please consult a qualified attorney, tax advisor, or financial professional.
Investing involves risk, including potential loss of principal.