One of my favorite financial newsletters comes from Kiplinger, which is both free and chock-full of financial advice for people 55+. A recent column dove deep pre-retirement and what you should do if you plan to retire in the next year.
Among their suggestions: become debt free, figure out the best tax-advantage way to pull money out of your retirement accounts, and give yourself time to think about what post-retirement life will look like. The day after your retirement party should be the conclusion of your retirement planning; not the start.
Here’s a link to the story. As the wife of a recent retiree, I can say with certainty that we hit about 80 percent of the Kiplinger suggestions; it’s not bad, but we both could have prepared a little more. Be better than us.
