The Pre-Retirement Checklist
How prepared are you?
Getting ready for retirement? Before you can cross that bridge, you’ll need to cross some important items off your to-do list. But thanks to our work together, you might be more prepared than you think! This handy checklist of 10 crucial steps can help you visualize how far you’ve come.
The Pre-Retirement Checklist
How prepared are you?
Getting ready for retirement? Before you can cross that bridge, you’ll need to cross some important items off your to-do list. But thanks to our work together, you might be more prepared than you think! This handy checklist of 10 crucial steps can help you visualize how far you’ve come.
To measure your progress toward retirement preparation, check off your "DONE" items from the list below.
Understand what your income will be, and how you can confidently spend the money you have accumulated for retirement.
Prepare for emergencies by saving at least 3 months’ living expenses, and have that money easily available to you.
Have a sound tax strategy to guide you through the process of spending money from both taxable and tax-deferred accounts.
Lifestyle and Location
Consider where you’ll live, both short- and long-term. Have a plan for funding a move and understand the timing involved.
Have a strategy for your 401(k) plan and determine the best time for you to access the money, based on your goals. [1]
Bucket List
Write down your personal goals for your retirement years. Explore your dreams, priorities, and values.
Extended Care
Make arrangements in the event that you or a loved one encounters a health issue requiring full-time care.
Estate Strategy
Develop an estate approach that includes how you want your assets to be allocated, and who will handle your estate.
Understand your options with Medicare and define a strategy for covering health care expenses for the long haul.
Have a sound tax strategy to guide you through the process of spending money from both taxable and tax-deferred accounts.
Not Quite Ready?
If you’re not as prepared for retirement as you’d like to be, just reach out. Together, we can fine-tune these strategies so you can finish your checklist and get started on that bucket list.
Consult With Our Experts Now!
1. Distributions from 401(k) plans and most other employer-sponsored retirement plans are taxed as ordinary income and, if taken before age 59½, may be subject to a 10% federal income tax penalty. Generally, once you reach age 72, you must begin taking the required minimum distributions.
About Our Financial Experts
Don Daves
Don is the Founder/CEO of the Diamond Advisor Group. He has over 35 years of experience helping people plan for their future.
Craig Daves
Craig is a Partner of the Diamond Advisor Group. He has an extensive background in Business Management, financial analysis, and retail sales. He started working in the financial services industry in late 1998 and has over 20+ years of experience.
Consult With Our Experts
NC Teachers' & State Employees' Retirement System Handbook
Ask Our Experts
Send us an email and we'll get in touch with you.
About Our Financial Experts
Don Daves
Don is the Founder/CEO of the Diamond Advisor Group. He has over 35 years of experience helping people plan for their future.
Craig Daves
Craig is a Partner of the Diamond Advisor Group. He has an extensive background in Business Management, financial analysis, and retail sales. He started working in the financial services industry in late 1998 and has over 20+ years of experience.
Consult With Our Experts
NC Teachers' & State Employees' Retirement System Handbook
6 Retirement Questions for Educators - Answered
Ask Our Experts
Send us your question and we'll get in touch with you as soon as we read your message.
To measure your progress toward retirement preparation, check off your "DONE" items from the list below.
Understand what your income will be, and how you can confidently spend the money you have accumulated for retirement.
Prepare for emergencies by saving at least 3 months’ living expenses, and have that money easily available to you.
Have a sound tax strategy to guide you through the process of spending money from both taxable and tax-deferred accounts.
Lifestyle and Location
Consider where you’ll live, both short- and long-term. Have a plan for funding a move and understand the timing involved.
Have a strategy for your 401(k) plan and determine the best time for you to access the money, based on your goals. [1]
Bucket List
Write down your personal goals for your retirement years. Explore your dreams, priorities, and values.
Extended Care
Make arrangements in the event that you or a loved one encounters a health issue requiring full-time care.
Estate Strategy
Develop an estate approach that includes how you want your assets to be allocated, and who will handle your estate.
Understand your options with Medicare and define a strategy for covering health care expenses for the long haul.
Have a sound tax strategy to guide you through the process of spending money from both taxable and tax-deferred accounts.
Not Quite Ready?
If you’re not as prepared for retirement as you’d like to be, just reach out. Together, we can fine-tune these strategies so you can finish your checklist and get started on that bucket list.
Consult With Our Experts Now!
1. Distributions from 401(k) plans and most other employer-sponsored retirement plans are taxed as ordinary income and, if taken before age 59½, may be subject to a 10% federal income tax penalty. Generally, once you reach age 72, you must begin taking the required minimum distributions.
About Our Financial Experts
Don Daves
Don is the Founder/CEO of the Diamond Advisor Group. He has over 35 years of experience helping people plan for their future.
Craig Daves
Craig is a Partner of the Diamond Advisor Group. He has an extensive background in Business Management, financial analysis, and retail sales. He started working in the financial services industry in late 1998 and has over 20+ years of experience.
Consult With Our Experts
NC Teachers' & State Employees' Retirement System Handbook
Ask Our Experts
Send us an email and we'll get in touch with you.
About Our Financial Experts
Don Daves
Don is the Founder/CEO of the Diamond Advisor Group. He has over 35 years of experience helping people plan for their future.
Craig Daves
Craig is a Partner of the Diamond Advisor Group. He has an extensive background in Business Management, financial analysis, and retail sales. He started working in the financial services industry in late 1998 and has over 20+ years of experience.
Consult With Our Experts
NC Teachers' & State Employees' Retirement System Handbook
6 Retirement Questions for Educators - Answered
Ask Our Experts
Send us your question and we'll get in touch with you as soon as we read your message.
+1 814-347-8465
Phone Number
526 Wanda Ridge Drive
Durham, North Carolina, 27712
thediamondgrp.com
E-mail address
+1 814-347-8465
Phone Number
526 Wanda Ridge Drive
Durham, North Carolina, 27712
thediamondgrp.com
E-mail address
Any Questions? Don't hesitate to connect with us.
Disclaimer
No products are offered on this website. The information contained on this website is for general information and educational purposes only.
Information presented on this website should not be considered a substitute for obtaining accounting, tax, or financial advice from a competent professional. You should consult with appropriate counsel or other advisors on all matters pertaining to legal, tax, or accounting obligations and requirements.
Please note that this website is informational and general in nature and should not be considered as advice or a recommendation to investors or potential investors in relation to holding, purchasing, or selling securities or other financial products or instruments and does not consider your particular investment objectives, financial situation or needs. It is not a marketed opinion and may not be used to avoid penalties under the Internal Revenue Code.
The content of this website is based upon reliable source material and is believed to be correct as of the time of creation; however, it is subject to change at any time without warning.
Mutual Funds are sold with a prospectus which can be obtained from your local representative. You should consider the investment objectives, risks, charges, and expenses of the mutual fund product carefully before investing. The prospectus contains this and other information. Please read the information carefully before investing.
Variable annuities are sold with a prospectus which can be obtained from your local representative. You should consider the investment objectives, risks, charges, and expenses of the variable product and its underlying fund options carefully before investing. The prospectus contains this and other information. Please read the information carefully before investing.
Investment Advisory Services are offered through Brookstone Capital Management LLC, (BCM) a Registered Investment Advisor. The Diamond Advisor Group and BCM are independent of each other.
©Copyright |Diamond Advisor Group 2022. All Right Reserved
Any Questions? Don't hesitate to connect with us.
DISCLAIMER
No products are offered on this website. The information contained on this website is for general information and educational purposes only.
Information presented on this website should not be considered a substitute for obtaining accounting, tax, or financial advice from a competent professional. You should consult with appropriate counsel or other advisors on all matters pertaining to legal, tax, or accounting obligations and requirements.
Please note that this website is informational and general in nature and should not be considered as advice or a recommendation to investors or potential investors in relation to holding, purchasing, or selling securities or other financial products or instruments and does not consider your particular investment objectives, financial situation or needs. It is not a marketed opinion and may not be used to avoid penalties under the Internal Revenue Code.
The content of this website is based upon reliable source material and is believed to be correct as of the time of creation; however, it is subject to change at any time without warning.
Mutual Funds are sold with a prospectus which can be obtained from your local representative. You should consider the investment objectives, risks, charges, and expenses of the mutual fund product carefully before investing. The prospectus contains this and other information. Please read the information carefully before investing.
Variable annuities are sold with a prospectus which can be obtained from your local representative. You should consider the investment objectives, risks, charges, and expenses of the variable product and its underlying fund options carefully before investing. The prospectus contains this and other information. Please read the information carefully before investing.
Investment Advisory Services are offered through Brookstone Capital Management LLC, (BCM) a Registered Investment Advisor. The Diamond Advisor Group and BCM are independent of each other.
©Copyright |Diamond Advisor Group 2022. All Right Reserved