Retirement Planning Checklist

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Review Your Retirement Checklist

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.

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!)

Social Security

Find out how much you can expect to receive from Social Security, veteran benefits, and Pension plans.

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.

Health Insurance

Review your life, health, and disability insurance policies to see whether they meet your present and future needs.

Pay Off Bills

Try to pay off significantly large bills now to avoid facing them when you retire.

Estimate Expenses

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

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.

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.