Retirement checklist: Less than 2 years from retirement

To-do Questions to ask Action plan
Finalize your plan for covering expenses in retirement Am I on track to meet my goals?

Do I know my expected monthly expenses and how I'll cover them—possibly for the next 30+ years?

How much can I withdraw from savings each year and still have my money last?
Develop a budget

Read: How long will your retirement savings last?

Meet with a Fidelity representative to help develop your plan
Revisit your investment allocation Am I properly invested and diversified as I head into retirement? Read The guide to diversification
Decide when you will claim Social Security At what age am I planning to claim Social Security?

How can I maximize my Social Security benefits?
Find resources in the Fidelity Social Security Center

Go to

Read How to get the most from Social Security
Create your withdrawal strategy Do I know which accounts/investments to withdraw from first to minimize income taxes?

How much can I afford to withdraw each month/year?
Read Tax-savvy withdrawals in retirement

Read Special report: Taxes
Learn how Medicare works and what it covers Which Medicare option is right for me and my spouse/partner? Read 6 key Medicare questions

Sign up for Medicare 3 months before to 3 months after reaching age 65
Take advantage of any employer retiree health care benefits Does my employer offer any retiree health benefits? Call your workplace benefits office to understand your options

Compare pricing and coverage with health care marketplace offerings
Officially start the retirement process with your employer Do I know who to contact at work when I am ready to retire? What's involved and how long will the process take? Call your HR/Benefits office to understand all retiree benefits available to you (pension, retiree medical, other)
Decide what to do with your 401(k) or 403(b) Do I know the 4 options to consider with my old workplace retirement plan? Read how to roll over a 401(k) to an IRA

Read Considerations for an old 401(k)
Know your pension options Would I prefer to receive a monthly pension check vs. taking a lump sum upon retirement? Read Lump-sum payment or monthly pension?
Know your required minimum distribution rules Am I prepared to start taking my RMDs at age 72? Learn how to take RMDs from your IRA

Read Smart strategies for RMDs

Speak with Fidelity

Call us at 800-343-3548 to chat with an investment professional, or visit an Investor Center.