Retirement-Checklist 

Retirement Checklist

Helpful tips for people that are preparing for Retirement. 

Financial Considerations

  • Choose target date for expected retirement
  • Review estimated expenses during retirement
    • Food, clothing, housing
    • Insurance
    • Health care
    • Travel and recreation
    • Other
  • Review annual income during retirement
    • Social security options
    • Pensions
    • Savings and investments plans
    • Job earnings
    • Other
  • Review total retirement savings to date
  • Review total liabilities to date
  • Determine retirement income needs
  • Identify potential gaps and determine the need for additional savings
  • Utilize a financial advisor to monitor investment portfolio and make changes when appropriate
    • Consider consolidating assets for more control in monitoring and managing assets

Insurance Planning

  • Review health insurance options until Medicare is available, if under the age of 65
  • Review health insurance options to supplement Medicare if over 65
  • Determine if you are eligible for health insurance from past employer
  • Review long-term care coverage to protect against nursing home care
  • Review life insurance for adequate coverage

Estate Planning

  • Review beneficiaries on the following: 
    • Employer sponsored plans
    • IRAs
    • Annuities
    • Life insurance
    • Other
  • Review Trust / Will for the following:
    • Durable Power of Attorneys
    • Medical directives
    • Trustees
    • Instructions in Will
    • Other

We're here to help!

If you have questions, give us a call at (877) 820-2265, schedule an appointment, or stop by one of our branch locations.

Schedule an appointment 

Find a branch 


This information is prepared and made available as a courtesy. Macatawa Bank does not provide legal advice; the information herein does not substitute legal or financial advice directed to your situation. We do not warrant the accuracy. It is recommended you consult with the appropriate professional for guidance and assistance. 

Products offered by Macatawa Bank Wealth Management are: Not insured by the FDIC. Not a bank deposit, bank obligation, or guaranteed by the bank. Subject to investment risk, including potential principal loss.

 

 

We're happy to help.

Looking for answers? Need some sound advice? Want to talk over your financial options? Fill out the form below and we'll be in touch.
* = Required field.


Preferred form of contact*

Recaptcha*