Retiring in 2018? Take These Steps First
If you’ll be retiring next year, here are a few ideas to help smooth the transition:
Check in with Social Security. They need several months’ notice to get your checks rolling or arrange for direct deposit.
Ask your insurance agent about replacing group life and health coverage that you currently have with your employer. Check into long-term care policies.
Talk to the benefits manager at work concerning your options on retirement plans.
Review your will and/or living trust. If your estate will be subject to tax (generally, estates over $5.49 million in 2017), ask your attorney about ways to reduce or eliminate the tax. Consider creative ideas for reducing estate tax through charitable gifts.