If you’re just one year away from retirement, congratulations! You’re entering an exciting new phase of life, but this final year is critical for making the transition smooth and stress-free. Here’s a checklist of what to focus on 12 months before your retirement date.
1. Review Your Finances (But Go Beyond Money)
Most people think of retirement planning as purely a financial matter. Yes, check your savings, review your investments, and ensure you understand Social Security timing, but don’t stop there. Your future happiness also depends on having a purpose, structure, and strong social connections. This is where a retirement coach can help you explore the non-financial side of retirement.
2. Plan Your Lifestyle and Daily Structure
Ask yourself: What will my typical day look like? Many new retirees struggle because work has given them structure for decades. Start experimenting now:
- Join a club or take up a hobby you’ve been putting off.
- Test new routines on weekends or vacations.
- Consider volunteer opportunities or part-time work.
3. Talk About Retirement With Your Loved Ones
Retirement affects more than just you. Talk to your spouse or family about how you’ll share responsibilities, spend time together, and maintain personal space. Clear communication now prevents frustration later.
4. Explore Coaching or Support
Transitioning into retirement isn’t just a financial shift; it’s an identity shift. A retirement transition coach can help you discover what gives you meaning and joy beyond your career. If you’re in the Denver metro area, or even if you live across the U.S., The 3rd Half Retirement Coaching offers in-person and online sessions to make this transition successful.
5. Address Healthcare and Insurance
Review your health insurance options, including Medicare if you’re eligible. Ensure your coverage will meet your needs and look into supplemental plans if necessary. This is also a good time to schedule any major medical or dental work before your employer-sponsored insurance ends.
Final Thought: Start Preparing Today
One year goes by quickly! Use this time to prepare mentally, emotionally, and socially, not just financially. When you invest in planning the life side of retirement, you’ll set yourself up for years of fulfillment and happiness. Want help creating your retirement plan? Contact The 3rd Half Retirement Coaching for personalized guidance.