Retirement Checklist

ChecklistI always find when I’m faced with a big project, that a checklist helps me get organized.

This is a checklist of the likely four most important decisions you need to make as you plan your retirement:

Decide on your retirement age. This is easiest for many people, but the age you choose should align with your retirement savings and Social Security benefits. At a minimum, use Social Security payments as a baseline for your retirement income.

What kind of retirement lifestyle do you want? Jot down your estimated retirement expenses, like housing, food, insurance, medical expenses and a Medigap policy. The better you plan these estimates, the more you can project your lifestyle expenses.

Do you have a savings plan in place? Save at least 15% of your annual income, and you'll probably be able to handle most of your retirement expenses. Use a retirement calculator to see if you'll attain your savings goals.

Call an expert, because this is complicated. Most of us think, "I got this." A can-do attitude is great, but when it comes to retirement planning, a professional will be able to help you create a realistic plan that might address things that you simply aren’t aware of. Your life will go through any number of changes, like a new career, health issues or a divorce. Plan for these and other variables by drafting a secure plan with an estate planning attorney.

Reference: Forbes (February 13, 2017) “How Much Do You Need To Retire: 4 Things For Your Checklist”

Suggested Key Terms: Asset Protection, Estate Planning Attorney, Retirement Planning, Virginia

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We've been putting together as many resources as possible so that we can continue to help:

  • If you’re a current client with a signing appointment or a prospective client with a consultation and would prefer that meeting take place in your own home, we can accomplish that with a little bit of pre-planning on our part and with the addition of a laptop, smartphone, tablet or other computer in your home to facilitate this virtual meeting. For those of you that need to sign legal documents, that too can be accomplished with the use of a webcam (FaceTime etc.), so that we can witness and electronically notarize all of your important legal documents.
  • We launched the rollout of our on-demand webinar early so that new clients and our allied professionals can view the important component parts of ‘an estate plan that works’ at their convenience.  That is available on our website.
  • Live video workshops will be produced as quickly as possible and certainly ahead of our previous schedule; we will keep you posted as these events become available. Given the ‘boutique’ nature of the firm, we rarely have more than ten people in our office including team members at any one time. During this period of ‘social distancing,’ we promise to have no more than 8 people at any time.   This allows us to comply with the Governor’s directive to limit in-person gatherings.
  • The best way to communicate with us is still by phone during regular office hours of 8:30 to 5:00, Monday through Friday, or, you can email any of our team members (that is, their first name followed by @zarembalaw.com).  We will respond to these emails as quickly as possible.
  • Please continue to follow the directives of our local, state, and federal agencies. For your health and in consideration of our team who is assisting you, if you’ve scheduled an office appointment or planned to drop off paperwork and are experiencing a fever, dry cough, or shortness of breath, please contact your primary care doctor for guidance and then our office to reschedule.

Thank you, Walt and the Zaremba Team

Update to our Process

The unprecedented coronavirus pandemic has taken our entire country by surprise. We understand how difficult this time is for America’s businesses and families.  However, we believe it is vitally important that we make every effort possible to continue to offer solutions that avoid disrupting our important partnership with you, your family and friends.  As you know, estate planning is not something that should wait for a more convenient time, therefore the opportunity to address your important goals both during and after this crisis should not wait.  To that end, we have added the option of a ‘virtual consultation’ to our office process.  You will now have a choice of either meeting with us in our office or in the comfort of your own home.