Retirement can creep up on you. Suddenly you’re scrambling to get everything done. Even if you have saved enough money, there are other details that need to be attended to before you can retire comfortably.

Here are some tips to keep you on track:

Give yourself time

Even if your retirement is hastier than you’d planned, some things simply take time, so identify those and plan accordingly. 

For instance, to sign up for Medicare, part B takes a minimum of five weeks for enrollment, and if you don’t sign up in time you could end up paying as much as $800 for a month of COBRA until Medicare kicks in. 

Consider the intangibles

There are personal and family characteristics that contribute to or impede successful planning.

As to roles, note how the process works if it’s a single individual or a couple. If a couple, who’s in charge? Are there other family considerations—children, blended family, extended family responsibilities?

If a couple, do you communicate well? Is one person anxiety-prone? This can actually be converted into a performance-driver if recognized and harnessed.

Identify your strengths and weaknesses, and make the process work with what each person brings to it.

Get the right adviser

Get to know the values and style that a particular adviser offers, and see how well they mesh with your needs. Are your risk tolerances seriously different?

A good financial adviser is a third party that helps you make rational, practical decisions. Choosing a financial adviser that you and your spouse both relate to will liberate you to enjoy your retirement time in other ways.

Need a lead? Give Sun Lifetime Financial Advisors a call at (800) 786-0945 today!


Copyright 2014 Credit Union National Association. Information subject to change without notice. All other rights reserved. 
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Securities sold, advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC , a registered broker/dealer and investment advisor. CBSI is under contract with the financial institution to make securities available to members.

Not NCUA/NCUSIF/FDIC insured, May Lose Value, No Financial Institution Guarantee. Not a deposit of any financial institution.

*CBSI representatives are not tax planners. For questions regarding you specific tax situation, please consult a tax professional.

FR-1087631.1-1214-0117
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Advisory services offered through Capital Analysts, Inc. or Lincoln Investment Planning, Inc. Registered Investment Advisors. Securities offered through Lincoln Investment Planning, Inc., Broker/Dealer, Member FINRA/SIPC. www.lincolninvestment.com.

Simone Zajac Wealth Management, Sun Federal Credit Union and the above firms are independent, non-affiliated entities.

Simone Zajac Wealth Management Group, 1735 Market Street, Suite C-16, Philadelphia PA 19103

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