7 Point Retirement Checklist
Retirement Roadmap
- Have a written wealth management plan.
- Know the investment return (i.e. what is your family number?) needed to reach your goals and objectives.
Social Security Maximization
- Determine the ideal time for both of you to begin Social Security.
Design Investment Portfolio By Purpose
- Build a balanced income oriented plan investment with different “buckets” and layers of risk designed to meet your retirement cash flow needs.
Stress Test Portfolio
- Understand the need to stress test your investment portfolio.
- Portfolio is stress tested (based on historical investment performance) to help you work toward meeting your cash flow needs.
- This provides prospective and confidence to continue your plan in order to meet goals and objectives.
Estate Planning
- Review your strategy and also your four estate planning documents.
- Make sure retirement distribution strategy is tax friendly to your heirs.
Protection
- Review auto, homeowners, and umbrella insurance protections.
- Evaluate the need for life insurance during retirement.
Healthcare
- Review your retirement health care options/expenses.
- Preparing for the cost of healthcare during retirement:
- Medicare
- Long Term Care
- Out of pocket costs
