(865) 357-7370 kim@sdp-planning.com

Summer is around the corner and many of us should have a little more free time to tackle that list of projects we’ve been postponing. But before you start re-landscaping the yard or cleaning out the garage, consider making a priority of getting your financial house in order.

If you would like to enjoy a financially independent retirement, then plan on creating a retirement file for your important documents, establishing a MySSA account using the Social Security website, and calculating the amount you need for retirement.

Create a retirement file

You should gather together the following information:

  • The summary plan description provided by your employer
  • Benefit statements from IRAs, 401(k) plans and other plans that show how funds are invested as well as the current value of these funds
  • Information about the your Medicare, Medigap and long-term care policies
  • Your will
  • Any living wills or durable powers of attorney for health care
  • Investment policy statements and withdrawal policy statements
  • Any other relevant investment, tax, or legal documents

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