A Retirement Readiness Checklist

Working out if you're on track to retire can be more manageable if you break it into smaller steps

Christine Benz 26 October, 2020 | 9:57AM

Stationery for sketching

Whether it's a daily to-do list or the supermarket shop, using checklists can help us avoid mistakes, be more efficient, and reduce stress. Checklists can also make seemingly enormous, daunting jobs seem doable by breaking them into smaller, more manageable steps. So why not use one to plan for retirement? 

Gauging your financial affairs in advance of retirement is a job that lends itself well to a checklist. Of course, financial management before and in retirement is so complex that you should also consider professional help, or at least a second opinion on your plan, before you embark on it. But even if you ultimately end up employing a financial adviser to be your guide as you prepare to retire, using a checklist can help you comprehend the key variables that will make your retirement plan succeed or fail. 

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About Author

Christine Benz

Christine Benz  is director of personal finance at Morningstar and author of 30-Minute Money Solutions: A Step-by-Step Guide to Managing Your Finances.

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