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PLANNING FOR RETIREMENT

August 6, 2012 7:54 pm Published by Leave your thoughts

To live well in retirement, you no longer can rely solely on a company pension plan or Social Security. Instead, you will have to depend on how skillfully you plan and invest, and whether you make good use of tax-advantaged savings plans such as 401(k)s and IRAs.

Approache retirement planning using an eight-step process:

  • Set your retirement goals.
  • Assess your current financial position.
  • Identify retirement income sources.
  • Evaluate retirement risks.
  • Understand health care issues.
  • Invest your retirement assets.
  • Manage your retirement income.

Best retirement plans to consider:

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