The retirement transition planning checklist outlines steps for clients to take before, during, and after meetings with financial advisors to plan for retirement, including obtaining statements, discussing claiming strategies and budgets, identifying costs and lifestyle adjustments, planning health insurance and long-term care, reviewing estate documents, and implementing investment and withdrawal strategies.

1. Retirement Transition Planning Checklist
Pre-Meeting During Meeting Post-Meeting
 Client Obtained latest SocSec;
pension statements?
 Retirement claiming strategy
agreed
 Income stream resources
arranged; investment strategies
implemented.
 Client prepared and rationalized
current budget
 Retirement adjustments to living
costs rationalized
 Costs inflated at agreed rates in
projections
 Retirement lifestyle adjustments
identified
 Cash Flow needs identified;
Investment strategies discussed;
Inflation projections agreed
 Revised investment accounts
and withdrawal strategies
implemented
 Health Insurance benefits
documented?
 Health insurance plans and
alternatives discussed
 Target health plans contracted
 Future desired living
arrangements identified?
 Sales/rent/lease strategies
discussed. Facility attributes
considered
 Long Term Care plans resolved?  Insurance and other alternatives
discussed
 LTC insurance initiated if desired
 Does retired status change risk
exposure?
 Insurance needs reviewed  Cancel/modify policies as
appropriate
 Estate agents current/identified?  Discuss role of estate planning
documents
 Arrange for modifications as
necessary