12 Steps to Get Retirement-Ready
Liz Pulliam Weston had a great article on moneycentral.msn.com you may want to read in more detail if you are evaluating (or re-evaluating) your retirement plans, especially those of you in your 60’s.
Liz states some sobering facts about why retirement is different now, compared to when “our parents” were preparing for their golden years. Here’s a quick outline of the steps she comments on:
- Zero in on a retirement date
- Figure out where you are going to live
- Consider long-term care insurance
- Remember to include medical costs
- Deal with your debt
- Draw up a retirement budget
- Review your social security and pension options
- Check your withdrawal rate
- Consider an immediate annuity
- Stress test your plan
- Meet with a fee only financial planner
- Review your estate plans
Have you taken action to be sure you’re “on track” or has the last year of changes in housing, the stock market, and employment required you to modify your plans?
Until next time, J.
“Take control of your destiny or someone else will”
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December 04 2009 01:01 pm | Retirement, Wealth Strategies, personal development
January 21st, 2010 at 9:47 pm
Nice looking site and I like the way you write. I just love using WordPress as well. Where did you get your theme?
January 22nd, 2010 at 4:54 pm
Thanks for the visit and kind words. It is a wordpress theme, but I looked it up so long ago, I don’t recall the details. Sorry
J.
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January 25th, 2010 at 4:03 pm
I am a *BIG* believer in saving up for retirement. I put alot towards my 401k and am pretty aggressive when it comes to investing it towards different places. Great list of tips, I haven’t even thought about a few of these.
April 7th, 2010 at 1:17 pm
nice article thx
July 10th, 2010 at 7:28 pm
I think that is an interesting point, it made me think a bit. Thanks for sparking my thinking cap.12 Steps to Get Retirement-Ready | TheAbundantAllianceBlog was a wonderful read.