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Four steps to get retirement-ready

Your to-do list

Retirement isn’t the same for everyone. Maybe you plan to spend more time with grandkids, cruise around the world, dive into your reading list or take cooking classes. Whatever retirement has in store for you, everyone should check these four simple steps off their to-do list.

  1. Crunch some numbers and create a budget
    The amount of money that comes in each month and the amount you’re spending may change once you retire. Set the books straight and figure out what your expenses will be and how much money you’ll be able to spend each month.
  2. Meet with your financial advisor
    Now is the time to review your 401(k), savings accounts, investments and any additional income-related topics with your financial advisor. They’ll make sure your financials are on track for your anticipated retirement date and give you tips about financial planning for retirement.
  3. Consider saying “farewell” to your mortgage
    This choice is a personal one, so check with your financial advisor to see if paying off your mortgage could be a good decision for you. Not only will you be saving on interest, but you’ll have major peace of mind knowing one of your largest expenses has been put to rest.
  4. Expect the unexpected — get insured
    While you’re eligible for Medicare at age 65, you may need additional coverage since Medicare doesn’t cover everything. Make sure you protect yourself against unexpected costs and look into enrolling in supplemental insurance.

Just a little planning now can save you time and energy in the future. Once you check these items off your to-do list, the only thing remaining will be enjoying retirement.

Need to learn the ins and outs of Medicare? We're here to help.

Iowa and South Dakota residents can count on stable rates, the ability to choose their own doctor, and quality customer service from Wellmark Blue Cross and Blue Shield. Request your free Medicare Matters guide to learn more about Medicare, when you're eligible and your medical, dental and vision coverage options.

If you live outside Iowa or South Dakota, go to External Site or call 888-630-2583 to find a Blue Cross Blue Shield plan near you.

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Check out our Medicare Matters video series. We sat down with people who are getting ready for Medicare. Learn with them as our experts listen to their questions and explain the answers!

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