Six Steps to Retirement Implementation

The journey to federal employee retirement

• Also Read: Six Retirement Fund Moves Federal Employees Should Consider This Year to Stay Ahead Financially
• Also Read: FEDVIP Isn’t Just Another Acronym—Here’s Why Dental and Vision Coverage Matter More Than Ever
• Also Read: Still Rockin’ CSRS? Here’s Why It’s Not Just a Relic but a Retirement Powerhouse

requires us to dig in our heels and do what we are used to doing — Getting the job done with precision and excellence.  Your things to do list is your visual task of letting you know the level of readiness and needed preparation to ensure your goals are reached.    We are in this place because retirement is in our not too distant horizon.  If you are thinking about retirement in the next 5 years plus, we have a reasonable amount of time to put plans in place.  Below is a list of 6 steps you must take within 5 Years of Retirement as part of your Short Term Retirement Planning goals.  Retirement is an emotional experience as is starting a new job, getting married, having your first child.  These are all major life events and there is no denying that they can be stressful.  However, if we approach any one of these events, as prepared as we can be, success is in our hands.

6 Steps to Implement Now!!!!

1. Increase your cash reserves
2. Pay down your debt
3. Estimate how much money you need to retire
4. Assess and evaluate tax consequences
5. Diversify your investments
6. Educate yourself

P. S.  Always Remember to Share What You Know.

Recommended Articles

For Postal Employees – LiteBlue and the TSP

Federal Retirement Benefit Analysis

The Thrift Savings Plan (TSP)

Is The Pension Survivor Benefit Best For You?  by Todd Carmack

A Little-Known Opportunity Can Increase Your Retirement Income.  by Mark Sprague