Transitioning into retirement

As you approach retirement, you'll need to begin taking actions to ensure you're ready. Get the help you need to simplify your transition.

Plan now for peace of mind later

You've worked hard and saved diligently. And now, you're considering stepping away from full-time work. Whether you're anxious or excited about the transition, it's a good idea to start getting specific: Consider the details of where you stand today, what your ideal retirement looks like, and how much money you'll need. Now's also the time to think about important decisions like when to claim Social Security and your level of health care coverage.


The best plan is a flexible one that can weather inflation, market swings, and unexpected expenses—all while helping you make sure you have enough income to last.

Get 1:1 planning and guidance

We make planning clear, simple, and straightforward. Our experienced investment professionals can help you make the most of Social Security and Medicare, help manage taxes on withdrawals, and help avoid penalties on distributions.


Call us at 800-343-3548

Envision your ideal retirement

Ask yourself these key questions to paint a clearer picture of what your retirement might look like.


Where do you want to live?
A move to a new location could mean a change in health care coverage, taxes, or everyday purchases, so note how your expenses might change.


How do you want to spend your time?
Think about what an average day in your retirement will look like. You may want to focus more on hobbies, extensive travel, or part-time work.


When do you think you'll retire?
Being "ready" may mean hitting a certain age or career milestone, a sense of financial security, or a time frame that factors in Social Security benefits.

Connect your dreams with your means

Once you've thought through retirement lifestyle goals, it's time to dive deeper into the details to make it all happen.

Step1: List all of your assets

Take stock of all your current assets to get a sense of your net worth. This includes savings accounts and physical assets like a home, but also factors in any debts.

Step 2: Estimate your expenses

Divide your estimated expenses into essential ("must have") and discretionary ("nice to have"). Add a buffer for unexpected costs that may arise.

Step 3: Identify your income

A smart plan includes income from multiple sources. These may include retirement accounts, Social Security, and other sources of guaranteed income.

Create a weatherproof plan

A strong plan combines guaranteed income with flexible income sources. Consider allocating guaranteed income to cover essential expenses and flexible funds to cover "nice-to-haves."


Then, consider the variables that may challenge your plan. A financial advisor can help you build a strategy to help manage the potential impact of these forces to protect your income.


Read how to protect your income

5 key income factors


  1. Rising health care costs
  2. Living longer
  3. Inflation
  4. Market volatility
  5. Withdrawals from savings

Clarity begins with a conversation

Contact Fidelity today for 1:1 guidance during life's big decisions. We believe in making the complex simpler, because we want you to be confident about the decisions you make—next week, next year, and beyond.