Before You Retire, Consider These Five Questions

Thinking ahead about what you'll do, how you’ll withdraw from retirement accounts and how you’ll manage health care can save you time and money over the long term.

An older man wearing sunglasses smiles as he strokes his beard, appearing deep in thought.
(Image credit: Getty Images)

A record-breaking 11,000 Americans are expected to retire each day in 2024, what the nonprofit Alliance for Lifetime Income has called the “year of Peak 65.” As Baby Boomers leave the workforce, it’s a reminder for anyone heading into retirement in the coming years to take stock and prepare for this exciting transition. Here are five important considerations for anyone nearing retirement.

1. How will I spend my time?

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Mike Palmer, CFP
Managing Principal, Ark Royal Wealth Management

Mike Palmer has over 25 years of experience helping successful people make smart decisions about money. He is a graduate of the University of North Carolina at Chapel Hill and is a CERTIFIED FINANCIAL PLANNER™ professional. Mr. Palmer is a member of several professional organizations, including the National Association of Personal Financial Advisors (NAPFA) and past member of the TIAA-CREF Board of Advisors.