Skip to main content Accessibility help
  • Help center
  • Help center
  • For business
    • For financial professionals
    • For plan sponsors
  • For business
    • For financial professionals
    • For plan sponsors
  • Sign in
    • Annuities
    • College savings
    • IRA
    • Life insurance
    • Long-term care
    • Mutual funds
    • Retirement plan
    • Safe access accounts
    • Planning portal
    • Home

    • Insure

      Insure

      Protect what matters most.

      Explore insure
      • Term life insurance
      • Permanent life insurance

      Term life insurance that rewards healthy living.

      Talk to an advisor
    • Invest

      Invest

      Make your money work harder for you.

      Explore invest

      Personalized advice to help you meet your financial goals.

      Contact an advisor
    • Retire

      Retire

      Something you can look forward to.

      Explore retire

      Plan for amazing with a quick quiz.

      Take the quiz
    • Advice

      Advice

      Financial advisory services with a personal touch.

      Explore advice
      • Financial advisory services

      Our financial experts can help you pursue your goals and prepare for the future.

      Get started
    • Insights

    • About us

      About us

      Connecting customers and communities.

      Explore about us
      • Our leadership
      • Corporate responsibility
      • Latest news

      Sharing what makes us, us at John Hancock.

      Watch now
    • Help center

      Help center

      Resources, FAQs, contact information and more.

      Get started
      • Annuities
      • Life Insurance
      • Investments
      • Long-Term Care
      • Retirement
      • Other resources

      Have questions about a product or service?

      See how to contact us
    • Home
    • Insure
      • Explore insure
      • Term life insurance
      • Permanent life insurance
    • Invest
      • Explore invest
    • Retire
      • Explore retire
    • Advice
      • Explore advice
      • Financial advisory services
    • Insights
    • About us
      • Explore about us
      • Our leadership
      • Corporate responsibility
      • Latest news
    • Help center
      • Get started
      • Annuities
      • Life Insurance
      • Investments
      • Long-Term Care
      • Retirement
      • Other resources
      • Help center
    • Help center
    • For business
      • For financial professionals
      • For plan sponsors
    • For business
      • For financial professionals
      • For plan sponsors

    Your browser is not supported.

    To use our website, we recommend using the latest version of Microsoft Edge, Chrome, or Safari.
    Back

    You're almost there! 3 simple tips to having the retirement you've always wanted

    Retire

    A couple taking a picture of themselves with a cellphone with the ocean behind them

    After many years, you’re finally prepared for retirement (or at least you think you are). While it should be smooth sailing from here, it’s always worth taking a second look to ensure you’re making all the right decisions to reach your financial goals and live the life you’ve planned for. Here are 3 things to consider as you approach retirement.

    1. Determine Your Expenses

    Working less means more free time, which you may want to fill with costly activities such as traveling. A great first step to ensuring you keep your finances in order and don't burn through your funds too quickly is to determine your retirement expenses. This helpful article from The Balance can help you estimate how much you’ll spend each year, and help set a baseline from which you can plan. 1

    2. Take A Second Look At Your Portfolio

    As your lifestyle changes, so too should your portfolio. As you get closer to retirement, consider a more conservative investment strategy that will expose your funds to less risk. According to Kiplinger, as long as you haven’t neglected your financial goals and investments, your portfolio shouldn’t require drastic revamping. 2

    3. Afford Yourself Flexibility

    You may be in the position to have several sources of income during your retirement. One option to consider is to contribute to both a 401(k) and an IRA. This will grant you some planning flexibility in retirement and give you more options when drawing money.

     

     

     

     

    Want to start your plan for an amazing future?

    Start a retirement plan

    More on this topic

    • Should I rollover my 401(k) to my new employer?
    • How to factor social security into retirement planning
    • Traditional IRA vs Roth IRA
    • What you should know about withdrawing retirement funds early
    • Retirement planning for married couples






    This article is not an endorsement of any particular product, service or organization; nor is it intended to provide financial, tax or legal advice.

     
    It is intended to promote awareness and is for educational purposes only. 

    Citations:

    1 Source: The Balance. How to Estimate Your Retirement Expenses. Dana Anspach. July 19, 2016.
    2 Source: Kiplinger. How to Invest After You Retire. Kathy Kristof. February, 2015.

    Individual
    • Annuities
    • COIN
    • College savings
    • Group annuities
    • Life insurance
    • Investments
    • Retirement
    • Rollover
    • Safe-access accounts
    • Travel insurance
    • Twine
    Financial Professional
    • Annuities
    • College savings
    • Life insurance
    • Investments
    • Retirement
    Plan Sponsor
    • Retirement / TPA
    • Retirement / plan sponsors
    • International group program
    About Us
    • Corporate responsibility
    • Leadership
    • Signature Series
    • News
    • Supplier diversity
    Quick Links
    • Careers
    • Help center
    • Lost or unclaimed policy form
    • Contact John Hancock
    • Manulife Global
    • Manulife Investments
    • Manulife Real Estate
    • Manulife Re
    • © 2020 John Hancock
    • Stock Price
    • Privacy & Security
    • Fraud Center
    • Legal
    • Accessibility