Retirement Hacks: When retirement is a month away, here’s what you need to do

by | Oct 31, 2022 | Stock Market

When retirement is coming up close—and you have that exciting date in mind—make sure you have everything organized to make it a seamless, enjoyable transition.  Retirement Tip of the Week: Before you pack your bags for a vacation or throw away the alarm clock, make sure you have everything in order for your retirement in the weeks leading up to the big day. 

The first thing every person should have—months, if not a year, before retirement—is a plan, which incorporates the financial aspects of this next chapter. List out all of your assets and liabilities, your cash flow coming in and out, the current and future expected and fixed income sources as well as some of the other pertinent information, such as health insurance, life insurance, etc. Know when and how you’ll tap into your investment accounts, if you’ll diversify your withdrawals for tax purposes, and have an idea of when you’ll begin claiming Social Security, if you haven’t already.  But there’s so much more to account for before calling it quits. For example, if your job or any other previous job offers you a pension, confi …

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