Yet another "Preparing for Retirement" post

5 Issues to Face Before You Retire

Excerpt:

1. Do a rough draft of your retirement budget
2. Determine your post-retirement investment plan
3. Start making plans for your new living arrangement
4. Give yourself a health checkup
5. Make a plan

Comment: Our three legged stool ... IRAs, 401Ks (to be rolled over into IRAs), 2 pensions, and social security. It is coming together. I was doubtful just 5 years ago. On the above points:

1. Do a rough draft of your retirement budget: We basically have this in place because we track everything.
2. Determine your post-retirement investment plan: I think that in the early years, we will be able to continue to save but at a reduced rate. We have a plan on the remaining roll-over from 401Ks to IRAs
3. Start making plans for your new living arrangement: Our plan is to stay in our existing home for at least two more years. We continue to shop condos but not ready to make that move yet.
4. Give yourself a health checkup: Need to lose weight. Working on it.
5. Make a plan: This is in flux. I am going to have a lot of free time I will need to fill. On the travel front, we would like to get away to Florida or Arizona for 2-3 weeks every Winter