Pre-Retirement Financial Planning Checklist: Income, Taxes, Medicare & Legacy
According to the Employee Benefit Research Institute, more than half of American workers have less than $100,000 saved for retirement. Yet many people approaching retirement aren’t worried about saving anymore—they’re worried about something far more complicated: how to turn decades of savings into reliable income that lasts for the rest of their lives. Think of retirement like landing a plane rather than taking off. During your working years, the goal is accumulation—saving, investing, and growing assets. As retirement approaches, the focus shifts toward strategy, coordination, and timing. Without a clear plan, even a strong nest egg can face challenges from taxes, healthcare costs, and unpredictable market cycles. That’s why pre-retirement financial planning has become one of the most important phases of long-term financial management. Why Pre-Retirement Planning Matters More Than Most People Think Many individuals assume retirement planning begins when they stop working. In reality...