retirement planning checklist

Retirement Planning Checklist

While your retirement date may still be several years in the future, it is never too early to begin preparation.

BECU Investment Services

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Once you have identified your goals and attached a monetary value to them, you should survey your progress thus far, and see how much farther you have to go -- or where you need to go if you are just beginning. The Checklist may also be used for an annual checkup on the health of your retirement planning program.

  1. Review What You Have
    Analyze your present situation, including income, expenses, assets, and liabilities. (If you keep a regular budget and expense records, this is where the time you have invested in the past can really pay off -- the information for your analysis will be right at your fingertips!)
  2. Social Security
    Find out how much you can expect to receive from Social Security, veteran benefits, and Pension plans.
  3. Estimate Future Income
    Estimate how much you should receive from interest earned on savings, investments, and life insurance, as well as from real estate rentals.
  4. Health Insurance
    Review your life, health, and disability insurance policies to see whether they meet your present and future needs.
  5. Pay Off Bills
    Try to pay off significantly large bills now to avoid facing them when you retire.
  6. Estimate Expenses

    Determine which of your expenses are likely to decrease after you retire and which are likely to increase.

  7. Set Retirement Goals
    Set your monthly and annual financial retirement goals. Determine the amount you must begin setting aside monthly and yearly to close the gap (shortfall) between your retirement income goals and your potential retirement income.

  8. Stick to Your Plan
    Stick to your plan and look forward to a comfortable retirement!

Ready To Get Started?

Financial advisors* with BECU Investment Services are here to help. Set up a complimentary consultation - virtual appointments are available.

*Financial Advisors are registered with, and Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC. Insurance Products offered through LPL Financial or its licensed affiliates. BECU and BECU Investment Services are not registered broker/dealers and are not affiliated with LPL Financial. Investments are:

Not NCUA/NCUSIF Insured Not Credit Union Guaranteed Not Obligations of BECU May Lose Value

BECU Investment Services Corporate Office located at BECU, 12770 Gateway Dr., Tukwila, WA 98168. BECU, BECU Investment Services and LPL Financial are separate entities. 

The LPL Financial Registered Representatives associated with this site may only discuss and/or transact securities business with residents of all 50 states.