Ted Wernham, President of Wernham Wealth Management in London, Ontario, is the host of Retirement Ready Radio’s Building Wealth program. On his weekend radio program, Ted Wernham provides listeners with pertinent advice for planning a financially secure retirement.

1. Retirement Planning
- A Checklist
By Ted Wernham

2. Retirement Planning - A
Checklist
Ted Wernham, President of Wernham Wealth
Management in London, Ontario, is the host of
Retirement Ready Radio’s Building Wealth
program. On his weekend radio program, Ted
Wernham provides listeners with pertinent
advice for planning a financially secure
retirement.

3. Retirement Planning - A
Checklist
The transition to retirement is a major life change, and
experts agree that advanced planning and preparations
are essential for making it a successful one. According to
a Retirement Readiness Workbook published by a major
financial institution, people ought to complete several key
tasks while preparing for retirement. These tasks are
easily broken down into five major categories: work, free
time, relationships, benefits, and long-term planning.

4. Retirement Planning - A
Checklist
1. Work
— Determine whether you will retire fully or continue to work part-time as you begin
your retirement.
— If applicable, investigate opportunities for part-time work that will make good use of
your skill set.
2. Free time
— Take time to think about what will create the proper balance of work and leisure in
your life.
— Set a few concrete goals that will help you achieve this balance and enjoy your
new, increased free time.
3. Relationships
— Consider how relationships with your co-workers will change once you enter
retirement. When do you imagine you will be ready to embrace those changes?
— Reflect on how relationships with family members will shift when you retire. Do you
want to time your retirement to align with your partner’s?

5. Retirement Planning - A
Checklist
4. Benefits
— Examine when part-time and full-time retirement would be
financially wise.
— Think about how the economy may affect your financial status,
and seek guidance if necessary.
— Determine what steps you must take to receive benefits from
your company and/or the government during retirement.
5. Long-Term Planning
— Make a list of what a satisfying retirement would include, and
then set goals that will help you maintain that type of lifestyle. Be
sure that your plans are flexible enough to grow and change as you
move through retirement.
— Create a contingency plan that could help you navigate major
unexpected events or setbacks during retirement.

6. Retirement Planning - A
Checklist
4. Benefits
— Examine when part-time and full-time retirement would be
financially wise.
— Think about how the economy may affect your financial status,
and seek guidance if necessary.
— Determine what steps you must take to receive benefits from
your company and/or the government during retirement.
5. Long-Term Planning
— Make a list of what a satisfying retirement would include, and
then set goals that will help you maintain that type of lifestyle. Be
sure that your plans are flexible enough to grow and change as you
move through retirement.
— Create a contingency plan that could help you navigate major
unexpected events or setbacks during retirement.