Retirement Planning

Planning A Secure Retirement

  • Make a commitment to actively plan for your retirement, sit down with your spouse, set a target date and initiate the steps.
  • Identify where you are today, your assets and your liabilities. 
  •  Recognize the importance of rigorous saving in your pre-retirement years.
  • Make your pre-tax retirement savings vehicles your number one priority.
  • Make an effort to reach retirement relatively free of debt.
  • Learn your Social Security benefits and get an estimate of your monthly benefits.
  • Know your pension benefits and work to understand what you can expect.
  •  Investigate your health insurance needs at retirement, the costs and coverage levels.
  • Calculate your post-retirement cost of living with a provision for inflation.
  • Calculate a post-retirement income statement, listing estimated sources of income.
  • Estimate the value of your investment portfolio at retirement.
  • Work to educate yourself on important retirement planning considerations, investment choices, tax effects, and pension options.

 

 

NEXT