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Old Today, 01:25 PM
 
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Quote:
Originally Posted by fluffythewondercat View Post
If we'd tried that, it never would have gotten any farther than:


Retirement Objectives - List objectives here
I agree. The important part of retirement for me was looking ahead to new goals, interests and activities. I finally had a chance to take some courses and to travel and to learn something about artistic endeavors. Lots of choices....
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Old Today, 04:30 PM
 
Location: The sleepy part of New York City
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Quote:
Originally Posted by Blondy View Post
I think its a great plan OP. But then I never met a plan or back up plan I didn't like lol!

Don't listen to the naysayers.

A couple things I would add. Obviously, for people who relocate in retirement there are a lot of issues to be added.

I didn't see final/funeral expenses/plans included.

I wasn't sure if you covered what happens if one/both require nursing home care or in home care.

The other thing I would say is if you are a planner and your spouse is not, leave detailed instructions on what they need to know. If they don't thank you, the person they turn to for help will. That should include imo an explanation of your investment strategy.

I also didn't see you list a consideration of life insurance. That can be a lifesaver if one spouse dies pretirement.

Forgot to say, retirement is a good time to check that all assets/accounts are titled the way you want with the appropriate beneficiaries. Make sure as little as possible has to go through probate. Also, a good time to update wills if necessary and or medical direcitves and POA's.
It's all good advice, especially the part I bolded. I think that's excellent advice especially if the OP is married to someone like me who doesn't really pay much attention when it comes to investments, where they are and when they have to be moved and to where.
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