Tasks to Add to Your Retirement Planning Checklist

Tasks to Add to Your Retirement Planning ChecklistAs many prepare to enter the retirement phase of life, it becomes increasingly more important that we evaluate which precautions need to be made to ensure a smooth transition. There are a variety of tasks that need to be complete within five years of retiring. We understand this can be a daunting subject for many, which is why we have gathered a list of some important tasks to add to your retirement planning checklist:

  • First, you will need to determine if you will continue living your same routine lifestyle or partake in a more expensive retirement experience such as traveling the world. This will allow you to determine when a good timeline to stop working is.
  • Next, you will need to determine a set age in which you will officially retire. Many individuals dream of an early retirement but realize that once that age hits they actually want to continue working.
  • There are a variety of financial risks associated with retiring that must be considered. Inflation, rising health care costs, and even being healthy, which means living longer. You do not want to retire until you can comfortably do so.
  • Before you retire, make sure that you have considered your insurance policies for each stage of your life. This includes reviewing your life insurance policy to ensure appropriate coverage and reviewing your long-term care insurance policy to reduce anxieties of uncertainty.
  • Most importantly, whenever you undergo a major life change or decide you want to change your retirement date, make sure to inform your insurance agent or retirement planner.

Contact Colorado Nonprofit Insurance Agency in Denver for all of your Colorado insurance needs. We will guide you through each step of formulating the most comprehensive life insurance policy, ensuring that your long-term care insurance policy is up to par, and planning for retirement. Peace of mind is achievable with Colorado Nonprofit Insurance Agency by your side!