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July 30.2025

2 Minutes Read

Your Essential Pre-Retirement Checklist: Steps to Secure Your Future

US one dollar bills symbolizing savings in the pre-retirement checklist for seniors.

Empowering Your Transition to Retirement

As you approach retirement—only five years away—it's essential to adopt a proactive approach to secure your financial future. With many Americans underestimating the complexities of transitioning from a steady income to relying on savings, taking these deliberate steps can help you create a fulfilling retirement life.

The Role of Work in Retirement

Many pre-retirees grapple with the decision of whether to continue working during retirement. Christine Benz, director of personal finance and retirement planning, suggests that while a part-time job can supplement your income and enhance your financial security, it shouldn’t be the cornerstone of your retirement strategy. Understand your true desires for retirement, as unexpected health changes can affect your ability to work.

Understanding Your Future Expenses

Tracking your spending is crucial to ensure your retirement savings align with your future expenses. Consider using online tools for financial planning to visualize your costs now and as you transition into retirement. Once you establish how much you’ll spend, subtract your anticipated Social Security income to gain a clearer picture of the gap you need to fill from your investments.

Maximizing Social Security Benefits

Social Security can play a crucial role in your retirement income strategy. Create an account on the Social Security Administration’s website to verify your information and explore various claiming strategies. Making informed choices here can maximize your benefits and provide more financial stability as you transition away from work.

Investment Strategies to Minimize Risk

With five years until retirement, now is the time to 'derisk' your portfolio. Shifting your asset allocation towards more stable investments, such as bonds, can protect your savings from market volatility. This strategy not only safeguards your funds but allows you to recover if the market dips early in your retirement years.

A Checklist for a Successful Retirement

As you prepare to retire, develop a personal checklist that reflects your unique financial situation and goals. Consider professional retirement tips and expert financial planning services for tailored guidance. The more prepared you are, the more confidently you can embrace this new phase of life.

Call to Action: Eliminate the Confusion

Don't let uncertainty loom over your retirement plans. Eliminate the confusion now—call Terrijo Parker today for expert assistance with your retirement strategy. No pressure, no fees, just clarity in your options. Get your best choices from a seasoned professional at 231-571-6100.

Retirement and Financial Security

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Your Essential Pre-Retirement Checklist: Steps to Secure Your Future

Empowering Your Transition to Retirement

The Role of Work in Retirement

Understanding Your Future Expenses

Maximizing Social Security Benefits

Investment Strategies to Minimize Risk

A Checklist for a Successful Retirement

Call to Action: Eliminate the Confusion

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