Planning for Retirement

Planning for retirement involves two things: saving money before you retire, and developing a strategy to live on the money you have saved.

5 Retirement Mistakes to Avoid

Some of the most common retirement mistakes are well within your control. Here are five important ones to avoid.

Compounding and the Cost of Waiting

Start early in saving for retirement to take advantage of compounding. In a tax-advantaged account, a little saved now can add up.

Understanding Retirement Risk Factors

Your planning should include retirement risks such as inflation, market events, health needs, withdrawal strategy and how long you’re likely to live.

7 Retirement Planning Moves to Consider

From strategic selling to talking with your family, these seven moves can help you develop and manage a personal retirement plan.

Planning for retirement goes well beyond thinking how you’ll spend your time. It’s important to know if you will be active or take it easy. This will impact how much you need to save – and how you can spend it.

You need to think now about how you will pay for your lifestyle in retirement. Work with your family and financial team. Address everything from the risks you face like medical bills and inflation, to smart planning moves like monitoring your portfolio and setting an appropriate asset allocation.