|A retirement checklist for soon-to-be retirees|
|Written by Delphos|
|Friday, December 28, 2012 2:24 PM|
Many soon-to-be retirees should spend more time planning their retirement. The financial benefits of a retirement spending plan can be enormous. Having a solid plan can also provide guidelines to turn to when times seem tough. Here are a few steps to take before you quit your job:
Determine your vesting schedule at work. Employer contributions can take time to vest, which can derail retirement plans if you aren’t careful. If you are thinking about retiring, find out when you will become fully vested in your retirement benefits. In some cases, hanging on for a few weeks or months longer can result in a significant portion of money being released to you.
Figure out how much you will spend regularly. If you don’t determine your expenses, you’ll never know if you have enough to maintain your current spending in retirement. Take the time to think about future expenses so that you will have a clear understanding of whether your assets can survive your retirement lifestyle.
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