Get Retirement Process Flowchart

For many people, the hardest tasks in retirement are establishing a structure and personal relationships to replace what they had in their work environments.

For many people, the hardest tasks in retirement are establishing a structure and personal relationships to replace what they had in their work environments.

You may feel lonely because many of your friends are at work. You may be bored. The activities you try may not challenge or engage you. Many retirees feel they have lost their sense of purpose.

You may feel lonely because many of your friends are at work. You may be bored. The activities you try may not challenge or engage you. Many retirees feel they have lost their sense of purpose.

3-4 Months Before Retiring Check with your credit union, employee organization, or insurance plan to see if certain types of payroll deductions can be continued into retirement. Check with your health benefits officer or personnel office to determine your eligibility for health and dental coverage as a retiree.

3-4 Months Before Retiring Check with your credit union, employee organization, or insurance plan to see if certain types of payroll deductions can be continued into retirement. Check with your health benefits officer or personnel office to determine your eligibility for health and dental coverage as a retiree.

Reorientation: Often considered the hardest stage, this is when you're most likely to start re-evaluating your retirement lifestyle. It involves asking the hard questions, relearning what does and doesn't work for you, so you can get the most out of your retirement.

Reorientation: Often considered the hardest stage, this is when you're most likely to start re-evaluating your retirement lifestyle. It involves asking the hard questions, relearning what does and doesn't work for you, so you can get the most out of your retirement.

Here are some of the most common retirement planning mistakes: Putting your funds in one place. Carrying too much debt. Not considering housing possibilities. Overestimating your nest egg. Assuming you'll have coverage. Forgetting to plan for taxes. Banking on Social Security. Ignoring long-term care.

Here are some of the most common retirement planning mistakes: Putting your funds in one place. Carrying too much debt. Not considering housing possibilities. Overestimating your nest egg. Assuming you'll have coverage. Forgetting to plan for taxes. Banking on Social Security. Ignoring long-term care.

10 Steps to Take as You Get Ready to Retire Step 1: Define your retirement. ... Step 2: Take stock of your 'assets' ... Step 3: Evaluate your health — now. ... Step 4: Create a retirement budget. ... Step 5: Determine when to start Social Security. ... Step 6: Decide if you want (or need) to work.

10 Steps to Take as You Get Ready to Retire Step 1: Define your retirement. ... Step 2: Take stock of your 'assets' ... Step 3: Evaluate your health — now. ... Step 4: Create a retirement budget. ... Step 5: Determine when to start Social Security. ... Step 6: Decide if you want (or need) to work.

Use the 3% rule if you're looking at a more average retirement. Maybe you're not retiring early but on time. If that's the case, you might fare well by following the 3% rule, where you remove 3% of your savings balance the first year you're no longer working and take it from there.

Use the 3% rule if you're looking at a more average retirement. Maybe you're not retiring early but on time. If that's the case, you might fare well by following the 3% rule, where you remove 3% of your savings balance the first year you're no longer working and take it from there.

Use the 3% rule if you're looking at a more average retirement. Maybe you're not retiring early but on time. If that's the case, you might fare well by following the 3% rule, where you remove 3% of your savings balance the first year you're no longer working and take it from there.

Use the 3% rule if you're looking at a more average retirement. Maybe you're not retiring early but on time. If that's the case, you might fare well by following the 3% rule, where you remove 3% of your savings balance the first year you're no longer working and take it from there.

Q-Chat Preretirement phase. The phase before the retirement event, involving financial planning, the development of leisure skills, and the development of expectations, fantasies, or fears. ... Honeymoon. ... Rest & Relaxation. ... Disenchantment. ... Reorientation. ... Stability. ... - Termination.

Q-Chat Preretirement phase. The phase before the retirement event, involving financial planning, the development of leisure skills, and the development of expectations, fantasies, or fears. ... Honeymoon. ... Rest & Relaxation. ... Disenchantment. ... Reorientation. ... Stability. ... - Termination.

6 Things to Do If You're Nearing Retirement #1: Find out where you stand. #2: Boost your savings, if you need to. #3: Plan ahead for Social Security. #4: Consider tax-smart strategies now. #5: Get a head start on future health care costs. #6: Start thinking about retirement income.

6 Things to Do If You're Nearing Retirement #1: Find out where you stand. #2: Boost your savings, if you need to. #3: Plan ahead for Social Security. #4: Consider tax-smart strategies now. #5: Get a head start on future health care costs. #6: Start thinking about retirement income.

Ready to Retire? 18 Things to Do Before Retirement Crunch the Numbers. ... Understand Your Social Security Benefits. ... Take Stock of Your Assets & Liabilities. ... Set Your Retirement Budget. ... Determine Retirement Withdrawals. ... Create an Emergency Fund. ... Keep Adding to Retirement Savings. ... Talk with a Financial Advisor.

Ready to Retire? 18 Things to Do Before Retirement Crunch the Numbers. ... Understand Your Social Security Benefits. ... Take Stock of Your Assets & Liabilities. ... Set Your Retirement Budget. ... Determine Retirement Withdrawals. ... Create an Emergency Fund. ... Keep Adding to Retirement Savings. ... Talk with a Financial Advisor.

If you don't have enough money in cash to make it through the first months of retirement and would need to start taking withdrawals from your retirement accounts immediately, you may want to consider retiring near the end of the year or the beginning of the year.

If you don't have enough money in cash to make it through the first months of retirement and would need to start taking withdrawals from your retirement accounts immediately, you may want to consider retiring near the end of the year or the beginning of the year.