Finance Blog

Stay financially savvy with the Equifax Advisor.

Sign up for our FREE Monthly Email Newsletter


Thank you for signing up for the FREE Equifax monthly newsletter

In addition to keeping in the financial know, you may be interested in checking your credit score and report.

Understand your credit. Help protect your identity.

Equifax Complete™ Premier Plan

  • Know What May Influence Your Credit Score and Be Alerted of Changes
    Credit score monitoring with custom alerts
    Important Disclosure: The Equifax credit score and 3-Bureau credit scores are based on an Equifax credit score model and are not the same scores used by 3rd parties to assess your creditworthiness.¹
  • Help Protect Your Identity
    Automatic fraud alerts encourages lenders to take extra steps to verify your identity²
  • Lock Your Credit
    The ability to lock and unlock your Equifax Credit Report³
Save 75% your first 30 days with the purchase of Equifax Complete™ Premier

$4.95 for the first 30 days, then $19.95 per month thereafter. You may cancel at any time; however, we do not provide partial month refunds.4

¹The credit scores provided under the offers described here use the Equifax Credit Score, which is a proprietary credit model developed by Equifax. The Equifax Credit Score and 3-Bureau scores are each based on the Equifax Credit Score model, but calculated using the information in your Equifax, Experian and TransUnion credit files. The Equifax Credit Score is intended for your own educational use. It is also commercially available to third parties along with numerous other credit scores and models in the marketplace. Please keep in mind third parties are likely to use a different score when evaluating your creditworthiness. Also, third parties will take into consideration items other than your credit score or information found in your credit file, such as your income.

²The Automatic Fraud Alert feature is made available to consumers by Equifax Information Services LLC and fulfilled on its behalf by Equifax Consumer Services LLC.

³Equifax Credit Report Control™ is only available while you have a current subscription to Equifax Complete Premier. Locking your credit file with Equifax Credit Report Control will prevent access to your Equifax credit file by certain third parties, such as credit grantors or other companies and agencies. Credit Report Control will not prevent access to your credit file at any other credit reporting agency, and will not prevent access to your Equifax credit file by companies like Equifax Personal Solutions which provide you with access to your credit report or credit score or monitor your credit file; Federal, state and local government agencies; companies reviewing your application for employment; companies that have a current account or relationship with you, and collection agencies acting on behalf of those whom you owe; for fraud detection and prevention purposes; and companies that wish to make pre-approved offers of credit or insurance to you. To opt out of such pre-approved offers, visit www.optoutprescreen.com/.

4We will require you to provide your payment information when you sign up and we will immediately charge your card $4.95. After that, we will charge the card $19.95 for each month you continue your subscription. You may cancel at any time; however, we do not provide partial month refunds.

Equifax® is a registered trademark and Equifax Complete™ Premier is a trademark of Equifax, Inc. © 2014, Equifax Inc., Atlanta, Georgia. All rights reserved.

Before You Retire: 90 Days Away

Written by Equifax Reporter on April 4, 2016 in Retirement  |   No comments

You’ve prepared for retirement for decades, saving money, and making plans, and now the big day is just three months away. With only 90 days left until retirement, you may still have questions—and preparations that need to be made. Here are some steps to consider…

90DaysAwayYou’ve prepared for retirement for decades, saving money, and making plans, and now the big day is just three months away. With only 90 days left until retirement, you may still have questions—and preparations that need to be made.

Here are some steps to consider taking three months prior to retirement.

Practice living within your new budget

Before you retire, you’ll want to have a budget in place. This may be difficult because you won’t know exactly how you’ll spend your money day to day in retirement, but it’s important to understand your options for using the funds you’ve saved.

“There are going to be a lot of things that pop up that aren’t monthly expenses,” says Jennifer Harper, CFP®, founder and director of Bridge Financial Planning.

To prepare for these unexpected expenses, you can use the 90 days before retirement to put your budget into practice. According to Harper, you can use an online tool or just pen and paper to track your spending for a month to see how well you can stick to your plan.

You may need to be flexible and make changes as you move into this new lifestyle. After only a few months, you may find that your budget needs adjusting, which is why practicing now can be helpful.

Confirm your access to funds

Once you’ve created your budget, you’ll want to make sure your financial accounts are ready to be accessed. If you’re going to draw Social Security, apply now and check to see how much you’ll be receiving.

“You need to set up where you’ll get your money from,” says Ryan G. Monette, CFP®, financial advisor at Savant Capital Management.

This might mean speaking with a financial advisor about your investment portfolio or talking with your company’s human resources department to be sure you are on track to maximize your 401(k) and other benefits before retiring.

If you haven’t maxed out your match for this final year, an advisor may be able to help you develop a plan to do so.

While the best choice for withdrawing your money typically depends on your particular situation, three months before retirement can be a great time to make sure you can properly access what you’ve been saving.

Finalize healthcare plans

When you have only 90 days before retirement, you’ll also want to have made decisions regarding your healthcare plans.

“The Medicare part takes longer than people anticipate, so making sure that’s squared away is very important,” says Andrew Savant, CFP®, wealth advisor at Rinehart Wealth Management.

According to Savant, your employer might offer you health insurance coverage for several months after you retire, but setting up your coverage for the future is still important to do now.

Ideally, you’ll still be in good health at 90 days before retirement—or at least you’ll be aware of your medical expenses. If you plan to use Medicare, you can apply online. If you have already set up your will, take time now to review it and ensure nothing that’s important to you is missing.

“Two very important pieces that a lot of people neglect are the power of attorney and the healthcare power of attorney,” Savant notes. Given their nature, these topics may be uncomfortable for some to consider, but Savant says figuring them out now can make future decisions much easier for your family.

Review your credit

“You always want to have good credit, but as far as, say, being able to apply for a mortgage when you’re no longer working, that becomes pretty hard,” says Joseph Alonso, CFP®, principal financial planner at Aegis Financial Advisory.

For the next three months, determine how you’ll use your credit in retirement. If you’ll be refinancing your mortgage or purchasing a new home or car, a lack of income may have an impact on how lenders view you. Fortunately, planning ahead for these decisions can help you better prepare for any issues that could impact your credit.

“By monitoring your credit report regularly, you can see whether anything is inaccurate,” Harper says. Doing so may help you find any fraudulent accounts and understand what factors in your history might affect your options for credit in retirement.

Even if you’ve been planning for decades, unexpected situations can arise, which is why preparation is important. Three months before you retire might be just enough time to wrap up your plans and start easing into this big transition.

Related Articles
How to Adjust to Spending in Retirement
Leaks That Can Sink Your Retirement Savings Ship
Four Ways to Prep Your Finances For Retirement

The information contained in this blog post is designed to generally educate and inform visitors to the Equifax Finance Blog. The blog posts do not give, and should not be assumed to provide, personalized tax, investment, real estate, legal, retirement, credit, personal financial, or other professional advice. Before making any financial decision, you should always consult with the appropriate professionals who can explain your options, rights, and legal responsibilities, and advise you on any tax, legal, credit, or business implications that may result from those decisions. The views and opinions expressed by the authors of blog posts are their own views and may not be the views or opinions of Equifax, Inc. and/or its affiliates.

No comments yet

Leave a Comment

Name :

Commenting guidelines

We welcome your interest and participation on this forum, but be aware that comments will be published at Equifax's sole discretion. Please don't use this blog to submit questions or concerns about your Equifax credit report or raise customer service issues. Instead, you should contact Equifax directly for all such matters and any attempts to do so in this forum will be promptly re-directed.

Some other factors to consider when commenting:
  1. Registration and privacy. While no registration is required to visit our forum, participants wishing to post a message must register by creating an account. All personal information provided by forum members incident to registration is governed by our Terms of Use and Privacy Policy.
  2. All comments are anonymous. We'll delete your name, e-mail address, and any other identifying information, including details about your investments.
  3. We can't post or respond to every comment - As much as we'd like to, we can't post every comment, nor can we guarantee that we will respond to each individual message. All questions or comments about your Equifax credit report or similar customer service issues should be handled by contacting Equifax directly.
  4. Don't offer specific legal, tax or financial advice. All of the materials on this Site are for information, education, and noncommercial purposes only and this forum is not intended as a means of expressing views or ideas regarding any specific legal, tax, or investment advice. While offering general rules of thumb is both permitted and encouraged, recommending specific ideas or strategies regarding investments, taxes, and related matters is prohibited.
  5. Credit Repair. This blog is not intended as a venue for the discussion or exchange of ideas regarding credit repair or other strategies intended to assist visitors and community members improve or otherwise modify their credit histories, ratings or scores.
  6. Stay on topic. Your comment should be concise and pertain to the specific post in question.
  7. Be respectful of the community. The use of profanity, offensive language, spam, and personal attacks will not be tolerated and egregious or repeat offenders will be banned from future participation. We encourage disagreement and healthy debate, but please refrain from personal attacks on our WordPresss and contributors.
  8. Finally: Participation in this forum may be terminated by Equifax immediately and without notice for failure to comply with any guidelines or Terms of Use. As such, you should familiarize yourself with all pertinent requirements prior to submitting any response through the blog or otherwise. All opinions expressed in this forum are solely those of the individual submitting the comment, and don't necessarily represent the views of Equifax or its management.

Equifax maintains this interactive forum for education and information purposes in order to allow individuals to share their relevant knowledge and opinions with other members and visitors. We encourage you to participate in discussions about personal finance issues and other topics of interest to this community, but please read our commenting guidelines first. Equifax reserves the right to monitor postings to the forum and comments will be published at our discretion. Do you have questions or comments about your Equifax credit report or customer-service issues regarding an Equifax product? If so, please contact Equifax directly. All opinions and information expressed or shared in blog comments are solely those of the person submitting the comments, and don't necessarily represent the views of Equifax or its management.

Retirement Archive