Retirement
What Is Retirement Planning?
Retirement planning is the process of determining retirement income goals and the actions and decisions necessary to achieve those goals. Retirement planning includes identifying sources of income, estimating expenses, implementing a savings program, and managing assets and risk. Future cash flows are estimated to determine if the retirement income goal will be achieved.
What are the steps in retirement planning?
- Step 1: Define Your Retirement.
- Step 2: Evaluate Your Health — Now.
- Step 3: Determine When to Collect Social Security.
- Step 4: Network Through Social Media and Other Methods.
- Step 5: Decide How Much You Want (or Need) to Work.
- Step 6: Create a Retirement Budget. …
- Step 7: Find New Ways to Cut Your Expenses (Start Saving More)
Enjoy the ride
Let us take the mystery out of financial planning so you can focus on what matters.