As you plan for retirement, you will have many financial questions to address. You will likely focus on things like aligning your asset allocation with your target retirement date, creating a detailed budget for your post-retirement living expenses, and thinking about how you want to spend your newfound free time during retirement.

In addition to these big-picture considerations, your retirement planning should also include preparing to manage the benefits that have been provided by your employer throughout your career.

This fact sheet looks at some of the benefits-related topics that workers need to consider as they approach retirement. Some of these items have a fairly short window for taking action, so it pays to begin preparing well before your actual retirement date. Many aspects of benefits planning depend on your employer’s specific policies and state laws, so it is important to meet with a representative from your company’s human resources department to learn about what options are available to you.