6 Money Moves You Must Make in Your First Year of Retirement

Core Insights - The first year of retirement is a critical financial transition that requires careful management of income, taxes, budgeting, and long-term planning [1][2] Group 1: Essential Money Moves - Tracking expenses is crucial in the first months of retirement to understand spending patterns and adjust budgets accordingly [3] - Securing healthcare coverage is essential, especially for those not yet eligible for Medicare, to avoid depleting savings due to unexpected medical costs [4][5] - Proper allocation of retirement funds is necessary to align with risk tolerance and time frame, balancing between less risky assets and stocks for long-term growth [6][7][8]