Year-End Financial Checklist for Retirees: A Guide to Financial Peace of Mind

A year-end financial checklist ensures that your retirement years will be financially secure and stress-free. Shutterstock

As the year draws to a close, retirees should take some time to review their financial situation. You can also make adjustments now to ensure a prosperous and secure year ahead. After all, with a well-planned year-end financial checklist, retirees can assess their current state, make the most of potential tax-saving opportunities, and set goals for the future.

Keeping that in mind, here’s a year-end financial checklist to help retirees navigate this process.

1. Review Your Retirement Income Sources

To start, evaluate your income sources to ensure they meet your needs. Among these are Social Security benefits, pensions, withdrawals from retirement accounts like 401(k)s, and investment income.