Contract ends but want to keep the same plan, What should I do

My contract ends next month, and I am not interested in getting a new device. So, what steps I should do. If I don't do anything, will the Verizon will continue my current plan.

You can continue to use your device on a month to month plan if you like the service you get with Verizon Wireless. Nothing will change on your plan. My account has been on a month to month plan since April and it works fine.
If you want to switch to another carrier, you can do so after your contract is expired without an ETF (Early Termination Fee).

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