Richard Kronstadt takes viewers through some crucial retirement tips for those retiring in 2017.

1. Retirement Tips for
2017
Richard Kronstadt

2. Take a “check up”
An important first step for retirement is to take
what is sometimes referred to as a “check up.”
A "check up" is essentially a period where you
check to see where your money is invested and
evaluate your contributions and overall
performance to date. This process will help you
determine if you are on pace to retire when (and
how) you want to.

3. Give yourself a good foundation
Some retirees overlook this precaution by keeping
their money carelessly invested (the stock market,
etc.), giving themselves an unpredictable outlook as
far as post-retirement financial stability.
Avoid these tendencies to provide yourself the
strongest financial foundation possible.

4. Take care of debts
If you have outstanding debts, you will want to
address these matters prior to planning for the early
stages of retirement. These debts might include
student loan debts or credit card debts.
These practices will give you more peace of mind as
you begin to kick back and take in your retirement.

5. Don’t forget minimum
withdrawals
If you are over 70, you will likely have to start taking
required annual withdrawals from your retirement
fund.
However, you can keep withdrawals under control by
only taking out the bare required minimum each year,
keeping yourself on a reasonable pace to retire while
also avoiding penalties incurred from missing
withdrawals.