Retirement Checklist Israel

One Year Before

• Review all pension funds (consolidate old ones)
• Check management fees - negotiate lower rates!
• Meet with pension advisor
• Calculate expected monthly pension
• Review health insurance - switch to retiree plan
• Check life and disability insurance
• Tax planning consultation

3 Months Before

• Notify employer of retirement date
• Check accumulated vacation day payout
• Check severance pay entitlement
• Submit Form 161 (tax exemption on severance)
• Open file at Bituach Leumi (senior citizen allowance)
• Transfer supplementary health insurance

After Retirement

• Start receiving monthly pension
• Apply for senior citizen allowance
• Check discounts: municipal tax, public transport
• Senior discount on medications
• Find activities / volunteering / classes

Plan with ALMO AI

Create a "Retirement" calendar with all tasks and reminders. One year before - advisor meeting, 3 months - notify employer.