Checklist: Just Retired
Congratulations on your retirement! Below are tasks you should complete as soon as possible to help ensure your financial future is secure.
Checklist:
- If you are approaching 65 or older, apply for your Medicare card
- Complete a Group Medicare Advantage and Dental Enrollment Form (if eligible)
- If you are younger than 65, ask your diocese about The Episcopal Church Medical Trust Health Plans
- Speak with a Medical Trust representative
- Remember to continue using the housing allowance exclusion for clergy (subject to IRS requirements) and other important tax information, including:
- 2024 CPF Form B
- IRS Withholding Forms At-A-Glance
- Form W-4P – Withholding Certificate for Periodic Pension or Annuity Payments (Federal Income Tax)
- State Equivalent – Withholding Certificate for Periodic Pension Distributions (State Income Tax)
- Form W-4R – Withholding Certificate for Nonperiodic Payments and Eligible Rollover Distributions (Federal Income Tax)
- State Equivalent – Withholding Certificate for Nonperiodic Pension Distributions (State Income Tax)
- Download A Guide to Clergy Benefits for details about your pension plan (also available in Español)
- Consider whether purchasing long-term care insurance is right for you