Retirement isn’t just an end—it’s the beginning of a new chapter. But stepping into this phase with confidence requires preparation, clarity, and a solid plan. Here are five essential steps to ensure you’re truly ready to retire.
Step 1: Know Your Retirement Number
Understanding how much money you’ll need to maintain your lifestyle is crucial. Factor in expenses, healthcare costs, and desired travel or leisure activities.
Step 2: Assess Your Income Sources
Review your income streams—Social Security, pensions, investments, and savings—to ensure they align with your retirement goals.
Step 3: Plan for Healthcare Costs
Healthcare expenses often rise during retirement. Explore insurance options and create a plan to cover unexpected medical costs.
Step 4: Think Beyond Finances
Retirement isn’t just about money—it’s about purpose. Consider how you’ll spend your time, pursue passions, and stay connected with loved ones.
Step 5: Partner with a Trusted Advisor
A financial advisor can help fine-tune your retirement plan, providing clarity and peace of mind for the years ahead.
Retirement should be a time of fulfillment, not financial worry. At CAP Northwest, we’re here to guide you every step of the way so you can retire with Clarity on Today, Confidence in Tomorrow.