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Listen to Johnson Brunetti's Money Wisdom with Joel Johnson CFP®, host of Better Money Television program and Forbes Contributor. Gain true financial wisdom and advice aimed at educating you about all of your financial options when it comes to retirement so you can make the best decisions for you and your family. Get information and education that can bring you peace of mind with your savings and retirement. Whether it’s your 401k account, IRA, or an underperforming asset, Joel Johnson can answer your questions and make you more aware of issues that may affect you.

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  2. Retirement Plan Checklist

Retirement Plan Checklist

Oct 20, 2017

Learn what you can do right now to prepare for retirement and what to look for and check if you are already retired.

Main Questions Asked:

  • What do I need to start doing years before I retire?
  • What do I need to double check before and while I am retired?

Key Lessons Learned:

Pre-Retirement Plan Checklist.

  • Look into long-term care and decide if it is right for you. This can be done a few years before retirement.
  • Write down your bucket list or wishlist.
  • Evaluate your living situation. Should you move or stay where you are.
  • Retirement budget. This may work for you.
  • Do a social security analysis with a financial professional.
  • Learn about enrolling in medicare.

Retirement Checklist

  • Having a financial game plan. Saving is a great start, but what do you do with the money. The plan is about more than just investments it’s all of the income and assets working together.
  • Having a plan for health care and long-term care. Health issues can turn someone’s life into a disaster. The expenses need to be built into the plan. Protect assets or insure against these risks.
  • Social security is an important component of retirement. When you claim your benefit it could affect how much you receive and your tax liability.
  • Be sure that you are planning for taxes adequately. Taxes are one of the most overlooked items in investing. You have more control over your taxes while retired than any other time.
  • How you are going to treat your IRA and 401k savings plans.
  • Be sure that you have a diversified income plan. This is different places to pull your income from. You can invest differently and diversify your tax liability and make your money last longer.

Links To Resources Mentioned

Money Map Retirement Review

1-800-757-0436

Complete Your Pre-Retirement Checklist

Thank you for listening!