Life Planning Checklist: Retirement

Published: Jan 23, 2020
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Making decisions about retirement isn’t something to put off until you’re ready to retire. Throughout your working life you can be planning and making choices that will positively impact your post retirement life. Wherever you are on your path, we’ve come up with questions you should be considering and ways you can use your LifePlan membership to set goals and make plans to reach them on your timeline.

Sometimes knowing what to ask is as hard as knowing the answers. Use this list as a jumping off point to begin a retirement planning conversation, or as a way of checking in on your current plan. Even if you have a solid plan in place, this list is a good way to level set and make sure you’re still on track.

We’ve organized this list by LifePlan offering, so you’ll know exactly which appointment to schedule for questions you could use some professional help answering.

Talk to a financial advisor about: Piggy bank, icon.

Defining retirement savings goals for yourself

Your current retirement savings plan -- is it adequate? How could it be better?

Implementing an income distribution strategy

The optimal social security strategy for your situation

Consolidating your retirement accounts -- what's the most efficient path? What are some important considerations?

Fixed income retirement options like annuities and permanent life insurance policies


Schedule a financial advice session.

Ask an independent attorney* about:Legal court building, icon.

If you are close to retirement:

Social security benefits available to you

Federal long-term health care options (Medicaid, Medicare) available to you

Any age:

Financial decisions you need to make regarding your retirement plan and how they should be reflected in your estate plan


Schedule a legal advice session.

Discuss with a tax professional*:Tax paperwork, icon.

How your tax status will change after retirement

Various forms of retirement income and how each will be taxed

How concerned you should be about estate taxes

Ways of minimizing your tax liability

The age can you start taking distributions and still avoid the early withdrawal penalty


Schedule a tax advice session.

Get an insurance professional's take on:Umbrella, icon.

The benefits and pricing of a long term care policy

The benefits and pricing of private health insurance

Adjustments that need to be made in your life insurance policy post-retirement


Schedule an insurance advice session.


Need help?

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*DISCLAIMER: Legal advice is provided by an independent network of attorneys. Tax advice is provided by 1-800Accountant, insurance advice is provided by Mylo, our trusted service partners.