What to Review in Your Retirement Plan Each Quarter

Retirement planning is not a one-time task—it requires ongoing attention to ensure your strategy stays aligned with your goals, income needs, and lifestyle. Quarterly reviews of your retirement plan help you stay on track, adapt to changes, and maintain confidence in your financial future.

At Sound Retirement Solutions, we guide clients through structured quarterly reviews that integrate income planning, over 65 healthcare, life insurance, and estate planning.

1. Review Your Retirement Income

Income is the cornerstone of a successful retirement plan. Each quarter, assess your sources of income, including savings withdrawals, pensions, Social Security, and investment income. Key questions to ask include:

• Are withdrawals from savings sustainable?

• Are market changes affecting the balance of my income sources?

• Do I need to adjust spending to maintain long-term stability?

A retirement planner can help identify adjustments to ensure your income continues to support your lifestyle and long-term goals.

2. Evaluate Over 65 Healthcare Planning

Healthcare expenses can be unpredictable and often increase as you age. Quarterly reviews should include:

• Upcoming medical appointments or treatments

• Prescription needs and potential cost changes

• Adjustments to over 65 healthcare coverage options

Proactively managing healthcare planning alongside income helps prevent surprises and ensures your plan remains financially sound.

3. Assess Life Insurance and Other Protection

Life insurance and other protective measures should also be reviewed quarterly. Consider whether:

• Coverage still meets current needs

• Policies require updates due to life changes or health considerations

• Beneficiary designations are accurate

These checks help maintain financial security for your spouse, dependents, and estate goals.

4. Monitor Investments and Market Conditions

Your investments may fluctuate due to market conditions. During quarterly reviews:

• Examine performance relative to your goals and risk tolerance

• Rebalance your portfolio if needed to maintain your strategy

• Adjust income distributions to avoid unnecessary risk

Quarterly monitoring helps keep your retirement plan on track, even during periods of market volatility.

5. Update Estate and Legacy Plans

Life changes can impact your estate planning priorities. Quarterly reviews allow you to:

• Confirm wills, trusts, and beneficiary designations are current

• Adjust powers of attorney or healthcare directives if circumstances have changed

• Ensure your estate strategy aligns with income and healthcare plans

This ongoing attention helps protect your family and legacy.

6. Track Progress Toward Goals

Finally, use quarterly reviews to measure progress toward your retirement goals. Are you on track to fund lifestyle priorities? Do you need to adjust savings, spending, or income strategies? Regular check-ins help ensure your plan evolves with your life and remains aligned with your values.

Moving Forward With Confidence

Quarterly retirement plan reviews create structure, clarity, and adaptability. By assessing income, healthcare, insurance, investments, and estate planning on a regular basis, you can reduce stress, make informed decisions, and enjoy retirement with confidence.

If you are approaching retirement or already retired and want guidance on conducting effective quarterly reviews, we invite you to schedule a conversation with a retirement planner at Sound Retirement Solutions. Together, we can create a strategy that keeps your income, healthcare, and legacy goals aligned for years to come.