 |
|
Retirement Checklist
Create a new financial plan – Call it your retirement spending plan.
Factor in Social Security. Depending on your age, you may be eligible for social security now, or you may just need to plan for
including it in your income plan later. Get an estimate of your benefits from Social Security.
Include other guaranteed income sources – your military or civilian pensions
Discuss the timing of taking payouts from your 401(k), 403(b), IRA’s, and other investment accounts with a retirement planning financial specialist.
Purchase an annuity to create a guaranteed stream of income for use in retirement.
Lock in permanent life insurance protection.
Consider the need for Long-Term Care protection.
Most financial experts recommend at least 80% of your pre-retirement income will be needed now. You can be more specific by creating an itemized budget that focuses on your new expense categories.
Factor in Social Security. Depending on your age, you may be eligible for social security now, or you may just need to plan for
including it in your income plan later. Get an estimate of your benefits from Social Security.
Include other guaranteed income sources – your military or civilian pensions
Discuss the timing of taking payouts from your 401(k), 403(b), IRA’s, and other investment accounts with a retirement planning financial specialist.
Purchase an annuity to create a guaranteed stream of income for use in retirement.
Lock in permanent life insurance protection.
Consider the need for Long-Term Care protection.
| :: Home :: Life Insurance :: Annuities :: About Navy Mutual :: Military Benefits :: FAQ :: Contact Us :: |