Teachers Retiring within 5 years

The final years before retirement are an important time to confirm your benefits, organize your accounts, and plan how your savings will become reliable income. Schedule a retirement review to identify any gaps and create a clear timeline for your next steps.
Schedule your review

Free • Phone or Zoom • No obligation

What to know

  • Confirm your retirement date - Compare possible retirement dates and understand how working longer or retiring earlier may affect your benefits.
  • Estimate your pension income - Review your projected pension benefit and confirm the service credit, salary history, and assumptions used.
  • Review your retirement accounts - Organize your 403(b), 457(b), 401(k), IRA, and other savings accounts in one complete picture.
  • Check account fees - Identify administrative, investment, and advisory fees that could reduce the income your savings provide.
  • Locate old accounts - Find retirement accounts from previous schools or employers and review the options available for each one.
  • Estimate your retirement expenses - Build a realistic monthly budget that includes housing, healthcare, taxes, travel, and everyday spending.
  • Identify your income gap - Compare your expected pension and other income with the amount you expect to spend each month.
  • Create an income strategy - Plan when and how to use your retirement savings to supplement your pension and other income sources.
  • Review your investment risk - Make sure your investment mix reflects your shorter timeline and need for dependable retirement income.
  • Plan for healthcare costs - Review your expected coverage, premiums, out-of-pocket expenses, and the transition to future benefits.
  • Update beneficiaries and documents - Confirm your beneficiaries and review important estate, insurance, and financial documents.
  • Build your retirement timeline - Create a step-by-step schedule for applications, account decisions, benefit elections, and your final work year.

Schedule your review