Still Waters Investment Strategies
Retirement Planning Roadmap
An 8-step checklist to help you move from retirement questions to a clear, actionable plan.
Clarify Your Retirement Vision
Before crunching numbers, start with the “what” and “where” of the life you want to live. Your preferred retirement timing, location, and lifestyle drive how much you need to save and invest.
Know Your Numbers
Estimate annual spending by separating essential “Needs” from discretionary “Wants”. Map out all income sources like 401(k)s, IRAs, Social Security, and Pensions.
Typical Retiree Expense Breakdown
Illustration only. Your actual numbers will vary.
Optimize Savings & Investments
Use tax-advantaged accounts and maximize contributions (including catch-ups for those 50+). As retirement nears, gradually shift your portfolio toward stability to manage market volatility.
Investment Glide Path Strategy
Adjusting risk over time can help manage sequence of returns risk.
Plan Income & Withdrawals
Coordinate Social Security timing with pensions and portfolio withdrawals to create a sustainable income plan. Delaying SS benefits until 70 provides a permanent increase in monthly payments compared to early claiming.
Social Security Timing Scenarios
Plan for Healthcare & Coverage Gaps
Healthcare can be a major expense in retirement. Prepare for the gap between early retirement and Medicare eligibility at 65. Understand how Medicare, supplements, and long-term care fit your situation.
The Medicare Gap
Coverage options for retirees under 65:
- • COBRA or employer coverage
- • Marketplace or private plans
- • Strategic HSA catch-up use
65+ Roadmap
Core components of Medicare:
- • Part A & B Enrollment
- • Medigap or Advantage
- • Part D Prescription
Reduce Debt & Fixed Costs
Cutting fixed monthly costs takes some pressure off your investment portfolio and can give you breathing room in during market dips. Focus on paying off high-interest debt and potentially paying down your mortgage.
Monthly Income Need Comparison
Update Estate & Legal Docs
Make sure your legacy plan is up to date. That means reviewing your will, powers of attorney, and healthcare directives. Double‑check that your beneficiaries match your intentions.
Emotional & Lifestyle Readiness
Retirement is as much a mental shift as a financial one. Take time to picture what your days will look like—how you’ll spend your time, maintain routines, and nurture relationships. Talk with your partner about shared goals so your lifestyle and expectations stay in sync.
Relationships
- 🫂 Family
- 🏘️ Community
- 🎉 Social Activities
- 🔗 Staying Connected
Purpose
- 🎁 Service
- 🎨 Creativity
- 💼 Work
- 🔥 Meaningful Pursuits