The idea of retirement – after decades of a stable, predictable routine for your work and personal life – can be both exciting and a bit daunting. After all, you\u2019ll be entering a new phase of life that can be very rewarding.<\/p>\n
What sort of life do you want in retirement? Have you visualized what it will look like? A good financial plan can help you define and prioritize what\u2019s important to you.<\/p>\n
Part of the planning process – either on your own or with the guidance of an advisor like a Certified Financial PlannerTM<\/sup> professional – will involve reviewing all of the issues that can impact your ideal retirement. <\/p>\n Here are just a few examples:<\/p>\n If you\u2019re like most Americans, you\u2019ll be entitled to a Social Security<\/strong><\/a> benefit. When should you claim yours – is there an \u201coptimal\u201d age? Does that answer change if you\u2019re married?<\/p>\n And what if you\u2019re also entitled to an employer-provided pension, like PERS in Oregon, or CalSTRS in California? When should you claim that benefit? Does your pension affect how much Social Security you\u2019ll receive?<\/p>\n If you plan to retire before you\u2019re eligible for Medicare<\/strong><\/a>, what will you do for health insurance? And once you\u2019re on Medicare, should you purchase a Medigap policy as a supplement? Will your income in retirement be high enough to trigger IRMAA surcharges<\/strong><\/a>?<\/p>\n Are you familiar with Required Minimum Distributions<\/strong><\/a>, or RMDs, from retirement accounts? Have you considered strategies like Roth conversions prior to your RMD age, in order to lower those required distributions?<\/p>\n What about the potential need for care later in life, at home or in a facility? Does it make sense to purchase long-term care insurance? Or do you have the resources to consider self-insuring against this risk?<\/p>\n Does your estate plan need to be updated, once you\u2019re retired?<\/p>\n If this short – and incomplete – list of issues to consider before you retire seems more complex than you imagined, it\u2019s because retirement is such a significant change in your lifestyle.<\/p>\n That\u2019s why we\u2019ve created a simple, easy-to-understand guide that will walk you step-by-step through the most important issues to consider before you retire.<\/p>\n <\/p>\n <\/p>\nGet Your Free Guide to Issues to Consider Before You Retire<\/strong><\/a><\/span><\/h2>\n