Planning for Retirement? Don't Miss These Crucial Considerations!
Download our "2024 Retirement Planning Checklist" to ensure you're prepared:
- Cash Flow Needs: Will your cash flow change? Develop a new income and expense plan.
- Pension Details: Understand payout options and coordination with Social Security and life insurance.
- Early Retirement: Know the impact on Social Security benefits and penalty-free 401(k) access.
- Spousal Benefits: Explore Social Security strategies if currently married or divorced.
- Healthcare Before 65: Plan for insurance needs before Medicare eligibility.
- Health Savings Accounts: Address HSA and Medicare coordination issues.
- Medicare IRMAA Surcharges: Check if your income will trigger surcharges.
- Life Insurance and Long-Term Care: Assess your needs and review existing policies.
- Estate Planning: Review your estate plan, charitable giving strategies, and account beneficiaries.
- Investment Strategies: Adjust your objectives and risk tolerance.
- Business Ownership: Develop an exit strategy or succession plan.
- Deferred Compensation and Multiple Accounts: Optimize and consolidate for tax efficiency.
- Relocation Impact: Consider tax and Medicare implications if moving.
- Roth Conversions: Strategize to manage Required Minimum Distributions and tax brackets.
- Unused Vacation Days: Utilize or get compensated for any remaining days.