For many members of the Baby Boom Generation, retirement is now approaching, and it’s a good idea to look more closely at what needs to be done in the few years before retirement:

1. Have wills been updated? At this point, they should be reviewed at least every three yers.

2. In addition, are the durable general powers of attorney to cover financial matters and healthcare directives up-to-date?

3. Are beneficiary designations for retirement plans, individual retirement accounts and life insurance policies current, and do you know where copies of those beneficiary designations are located?

4. Do you have long term care insurance to cover the escalating cost of nursing home and home health care, or have you considered it?

5. Have you considered where you will retire, and have you compared your expected retirement income with the likely expenses in retirement?

6. Are you familiar with the benefits available from Social Security and Medicare, and the opportunity to purchase health insurance as a supplement to Medicare?

 * Gloria Swanson in Sunset Boulevard