Retirement Planning
How much do you need to save for your retirement?
Retirement planning is a process that evolves over time. To have a comfortable, secure-and-fun-retirement, you need to build the financial cushion that will fund it all.
Retirement planning should include determining time horizons, estimating expenses, calculating required after-tax returns, assessing risk tolerance, and doing estate planning. Younger investors can take more risk with their investments, while investors closer to retirement should be more conservative. Your career, family size, age of retirement, and post-retirement goals will all factor in to retirement planning.
5 Steps of Retirement Planning
- Know when to start Retirement planning
- Figure out how much money you need to Retire
- Prioritize your Financial Goals
- Choose the best Retirement Plan for yourself
- Select your Retirement Investments