Left Megacorp yesterday for the last time as an employee yesterday! Is there some sort of post retirement checklist anyone has put together? I'm checking on health insurance first. Have a plan but numbers seem subject to revision...
Paperwork for rollovers won't follow for a couple weeks. Been planning how to distribute those.
Megacorp made an offer for me to do some consulting but I think we are way apart on payment. Happy to let that slide for now.
As many have already said, most of the checklists you'll see here are PRE-retirement. However, when you're on the cusp of FIRE or just FIREd, the Pre/Post actions kind of blend together. Below are a few things I think are important to consider. Hope this is helpful.
Retirement Checklist
1. Make sure employment records are straight: benefits, 401k, transfer life insurance, etc. (Note: This is a pre-retirement action that should be at the top of your post-retirement list if not yet done, while you still have the opportunity to correct any errors or qualify for any benefits.)
2. Develop a rough FIRE/Semi-FIRE weekly schedule; monitor/adjust accordingly based on your experience and desires.
3. Establish retirement income portfolio; determine and sell/buy into new AA and investments.
4. Set investment accounts (and pensions if applicable) to deposit into your MM/checking/savings account. (Note: some set up to have dividends deposited into MM/checking/savings account.)
5. Finalize retirement budget, if you've not already done so. Begin tracking expenses versus budget. (Note: suggest using 'Mint' or some similar tool to automate this task.)
6. Determine what retiree benefits you're entitled to receive; examine health care options carefully. (Note: This is a pre-retirement action that should be at the top of your post-retirement list if not yet done.)
7. Determine if you want part time employment; take action accordingly.
8. Determine if you're going to relo or not. (If you are, that's a whole new subject & checklist.)
9. Find a Financial Advisor if you want one and don't already have one. (Many do this to prep for a surviving spouse who's not financially savvy.)
10. Complete a 1-2 page "When I'm Gone" list which includes all key information and instructions. (Account numbers, passwords, points of contact, other instructions.)
11. Calculate (using available tools) whether or not to do back door Roth conversions and/or capture untaxed LTCG, now that your taxable income is likely lower.
12. Complete/update your will/estate documents as necessitated by FIRE.
13. Make an informed decision about 401k rollover(s). It's not always best to do them so, study this before acting.
PS: Congrats on your FIRE!