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Your Retirement Checklist

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Your Retirement Checklist


What should you try to do within five years of deciding to retire?

Put these items on your to-do list.

Your Retirement Checklist
  Estimate the monthly income you'll need

It might be less than you need now, as your monthly expenses may decline. Talk with your financial advisor, as you may need to adjust or reallocate your portfolio and take another look at both income-producing and growth investments.

  Figure out if you should move

Retiring to another state may mean tax savings. Or, downsizing to a smaller home may lower your living expenses.

  Think about debt and taxes

You may retire to a lower income tax bracket. If you can stand the one-time tax hit, converting a traditional IRA to a Roth IRA could someday give you a source of tax-free retirement income.1

  Consider healthcare costs

Will you be eligible for Medicare? Will Medicare provide enough coverage? Remember many retirees will eventually need long-term care at some point during retirement.

We’d like to help you plan a smooth retirement transition. Our financial advisors are here to help.

SCE FCU Wealth Management