7 Things to Plan for in Retirement
  1. Financial Stability If your finances aren’t stable, it’s difficult to have a smooth retirement. Calculate how much income you’ll need in retirement.
  2. Healthcare Healthcare is a major expense which directly affects how enjoyable your retirement is. Having affordable access to healthcare is essential.
  3. Lifestyle Design Consider what your ideal retirement looks like – whether it’s traveling, pursuing hobbies, or spending time with family.
  4. Legacy/Estate Planning Establish or update your wills and necessary trusts. Start by selecting Transfer-on-Death (TOD) or Payable-on-Death (POD) designations.
  5. Social Security & Pension Your Social Security and pension play a significant role in your financial future.
  6. Debt Management Aim to minimize high-interest debt which allows you to stretch your retirement
    income further.
  7. Mental Well-being The importance of mental and emotional well-being can’t be overstated. Stay engaged with family and community.