With the holidays behind us, now is a great opportunity to take a fresh look at your retirement savings plan. Small updates now can make a big difference later. This checklist offers suggestions to consider as you work toward achieving financial security in retirement.
1
Reassess your retirement goals.
  • Decide when you want to retire
  • Think about what kind of retirement you expect to enjoy (e.g., active and fitness-oriented, travel-related, social and community-engaged, relaxed and serene or continuing to work)
  • Factor in how major life changes may impact your strategy
2

Review your retirement account to ensure that everything is aligned with your revised goals.

Watch this video for tips on how often you should review your retirement account.
Parent and child sitting next to a window smiling at one another.
3
Submit a new beneficiary designation form to update your file.
  • Recent life changes, such as a new marriage or birth of a child, may require an update
  • Review your beneficiaries for all your financial accounts on a regular basis
4
Rebalance your assets.
  • Reassess whether your investment strategy still matches your risk tolerance and retirement timeline
  • Consider investing for long-term growth in retirement to avoid outliving your assets
5
Commit to increasing your contributions regularly.
  • Even small regular increases can make a big impact over time, thanks to the power of compounding
  • Explore catch-up options available through the Plan
6
Roll retirement savings from former employers into your Plan account to help:
  • Lower your overall costs
  • Reduce account-tracking stress
  • Strike a balance between risk and growth
7
Prepare for the unexpected.
  • Establish an emergency savings account
  • Decide how you plan to cover out-of-pocket health expenses in retirement
8
Establish online access.
  • Enhance your account security
  • Ensure that you receive timely communications from the Plan
Resources to help you get started

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Qualified retirement plans, deferred compensation plans and individual retirement accounts are all different, including fees and when you can access funds. Assets rolled over from your account(s) may be subject to surrender charges, other fees and/or a 10% tax penalty if withdrawn before age 59 ½.

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