Check your earnings record on your Social Security Statement.
Retire – If you worked last year, it is a good idea to check your Social Security Statement to see whether your earnings were recorded properly. A mistake in your record can result in you not receiving all of the Social Security benefits you are entitled to in retirement. You can access your statement online at www.socialsecurity.gov/mystatement.
In addition to checking your earnings record, take a look at the estimate of the retirement benefit you may expect to receive one day. It is a sobering reminder that Social Security was never intended to be your sole means of support in retirement.
Credit – Check your credit report.
The information in your credit report may be used to evaluate your application for loans, credit cards, insurance, employment, and renting a home. To help insure that your application is accepted and that you are offered the best rates,
it is important to review your credit report for accuracy at least once a year.
You are entitled to a free report from each of the three main credit reporting agencies once every 12 months. You can request your free report online at www.AnnualCreditReport.com or by calling 1-877-322-8228.
Estate – Review your beneficiary designations.
Like many people, you may have an assortment of retirement, brokerage, and bank accounts started countless years ago, each with a beneficiary designation on it. It is a good idea to periodically review your beneficiary choices to ensure that they still reflect your current wishes. Remember, the person listed as the beneficiary on your account will receive that account after your death, regardless of any instructions to the contrary in your will. Be sure to review the beneficiary designations on your life insurance policy while you are at it.