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Retirement Countdown Final Months Checklist

Final months preparation checklist before retirement.

What this tool does

Final months preparation checklist before retirement.

How to use

  1. Work down the list and tick each item as you finish it.
  2. Ticks are saved on this device, in your browser, so they are still there when you come back.

What this checklist covers

The list has 1 group and 15 items.

  • Retirement Countdown (15 items): Review and understand your pension or retirement account payout options; Meet with HR to confirm your retirement date and final paperwork; Find out what government retirement benefits you may be entitled to and when you can claim them; Review your health insurance options after you stop working; Find out when you can enrol in public health coverage, if it exists where you live; Ask your plan provider or a qualified adviser about your options for moving or combining retirement accounts; Create a detailed retirement budget with projected expenses; Update beneficiary designations on all accounts; Review and update your estate planning documents, such as a will, powers of attorney and a healthcare directive; Make a plan for outstanding debts before your income changes; Decide how much to set aside for emergencies in your first year of retirement; Plan for any gap in health coverage between leaving work and public coverage starting; Give your employer formal notice of your retirement in the form they require, such as a resignation letter; Document institutional knowledge and train your replacement, if applicable; Set up your retirement income streams, such as pension, annuity or withdrawals

Tip: Start this list well before your retirement date. Ticks are saved on this device.

Limitations

  • This is a general list and not financial, tax, legal or medical advice. Speak to a qualified adviser about your own situation.
  • It does not know your country, employer or plan rules, so it states no deadlines or ages.
  • Ticks are saved only in this browser on this device.

FAQs

Q: Which country is this checklist written for?
A: None in particular. Benefits, health coverage and account rules differ by country, so each item tells you what to look into and you find the local answer.
Q: Does it calculate how much I need to retire?
A: No. It is a to-do list only and does no calculations.
Q: Are my ticks saved?
A: Yes. Ticks are saved in your browser on this device. They are not sent anywhere and do not follow you to another device or browser.

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