Preparing for Retirement & Retirees
I’M ABOUT TO RETIRE, WHAT DO I NEED TO DO?
Preparing for Retirement
Who?
- Age 55 to 64
- Preparing for retirement
- May have adult children
- Increased Net Worth
Priorities
- Almost done paying mortgage
- Little to no debt
- Retirement savings is top priority
- Staying on budget
- Reducing income tax
- Taking care of the “What-ifs?”
- Critical Illness
- Premature Death
- Make a will
- Consider powers of attorneys
- Making sure health insurance is adequate
THE KIDS ARE OUT OF THE HOUSE, WHAT DO I NEED TO DO?
Mature Families
Who?
- Age 45 to 54
- Established in career
- May have older children
- May be in peak earning years
Priorities
- Paying off mortgage
- Reduce all debts
- Saving for retirement
- Staying on budget
- Reducing income tax
- Taking care of the “What-ifs?”
- Disability
- Critical Illness
- Premature Death
- Make a will
- Consider powers of attorneys