To speak with a licensed agent, call (760) 832-2600 (TTY 711 M-F, 9am-5pm) or email

Tips for Reviewing and Updating Your Retirement Plan

Posted by Mary Pruitt
Estimated Reading Time 1 minute 37 seconds

Tips for Reviewing and Updating Your Retirement Plan

Retirement is a major life milestone, but the planning doesn’t stop when you walk away from the workforce. In fact, it’s just as important to review and adjust your retirement plan after you’re retired. From managing your budget to ensuring you have the right healthcare coverage, this comprehensive checklist for retirees should help you stay on top of your financial well-being.

Review Your Retirement Budget

Once you’re retired, your spending patterns may change. Review your budget regularly to ensure it aligns with your current needs and lifestyle. Consider factors like travel, hobbies, and healthcare expenses when adjusting your budget.

Review Medicare Plans Annually

Medicare plans can change from year to year, so it’s essential to review your options annually during the open enrollment period. Compare plans to ensure you have the coverage that best meets your healthcare needs and budget.

Consolidate Financial Accounts

Having multiple financial accounts can make money management confusing. Consolidate accounts where possible to streamline your finances and reduce paperwork. This also makes it easier to keep track of your investments and retirement savings.

Update Beneficiary Forms

Life events like marriage, divorce, or the birth of a child may require updates to your beneficiary forms. Review and update these forms regularly to ensure your assets are distributed according to your wishes.

Check Your Credit Reports

Protect your financial health by checking your credit reports regularly. Look for any errors or signs of identity theft. Correcting errors promptly can help maintain your credit score and financial security.

Make a Plan to Pay Off Debts

Entering retirement with debt can put a strain on your finances. Make a plan to pay off any outstanding debts, prioritizing high-interest debt like credit cards. Consider working with a financial advisor to develop a debt repayment strategy.

Consult with Your Financial Advisor Regularly

Your financial advisor can be a valuable resource throughout retirement. Schedule regular meetings to discuss important topics like required minimum distributions (RMDs), investment performance, and any changes to your financial goals or circumstances.

By following this checklist, you can stay proactive in managing your finances and ensure a secure retirement. Retirement planning is an ongoing process, and regular reviews and adjustments are essential for long-term financial success. Consult with us, too, and we can help you evaluate your Medicare options and make changes as needed.

Mary Pruitt
Legacy Medicare Partners //

I am a local, licensed and trained independent insurance agent. I am certified with many top Medicare Advantage, Prescription Drug and Medicare Supplement insurance plan carriers. I represent most major companies with a Medicare contract and am qualified to answer any questions you may have.

Get Free Medicare Assistance

Friendly, licensed professionals are available to answer all of your questions. Call (760) 832-2600 or complete the form below and we’d be happy to reach out to you.

      By submitting this information, you acknowledge a licensed insurance agent may contact you by phone, email, or mail to discuss Medicare Advantage Plans, Medicare Supplement Insurance, or Prescription Drug Plans.

      Close Accessibility Tools
      Accessibility Controls Reset
      Content Adjustments
      Font Size


      Line Height


      Content Scaling


      Highlight Titles
      Highlight Links
      Highlight Forms
      Align Left
      Align Center
      Align Right
      Focus Mode
      Color Adjustments




      Accessibility Statement

      Despite our attempts to make this website accessible for everyone, there may still be some pages or sections that are not completely accessible, are in the process of becoming accessible, or do not have a suitable technological solution to make them accessible. Nevertheless, we are always striving to enhance our accessibility by adding, updating, improving its options and features, and incorporating new technologies.

      We want to provide our users with the best experience possible, so we strive to support as many browsers and assistive technologies as possible.

      If you wish to contact this website's owner, please use the contact form on the website.

      Our User Interface Adjustment Options

      Font adjustments - With this tool, users can modify font size, style, letter spacing, and line height for improved alignment and readability.

      Color adjustments - Users can customize their color contrast profiles to light, dark, desaturated, and monochrome.

      Content highlighting - Users can prioritize key elements such as links, forms, and titles.

      Content focus - Users can enable focus mode to highlight the current page information based on their mouse movement.