There are many financial issues to consider I you are retiring!

Here is the list you should follow to achieve your goal;

• Talk to your spouse or partner about lifestyle and financial expectations for retirement.
• Get all the paperwork necessary to create an up-to-date overview of your financial situation. Review all of your assets and financial accounts.

If the time of your retirement is near, you ought to consider a lot of financial aspect. What you should do is:

-to review your income needs and potential income sources
-determine your withdrawal rate and which
-decide which assets to tap first
- decide on the amount of income you may need!
-think thoroughly if you`re going to remain in your current place of living. If so, when will your mortgage be paid?
-account for the length of your retirement

Briefly speaking:

• There are some factors influencing the amount of retirement income that you'll need, including your housing cost, the length of your retirement, whether you have earned income, your retirement lifestyle, health care and insurance costs, and the rate of inflation.
• Try to identify all of your potential income sources, and properly divide your portfolio's asset allocation so your investments will support you throughout retirement, which could last 20 or more years.
• Figure out the percentage of retirement assets you can afford to withdraw each year, and when to tap into tax-deferred and taxable investments.