Planning

Showing 11 results of 861

Planning for Retirement Healthcare Costs - Eggstack

Feb 27 2022

A good understanding of Medicare is needed in order to plan for retirement healthcare costs. Medicare premiums, copays, and deductibles consume the majority of the typical retirement healthcare budget...

eggstack.com

6 Key Types of Retirement Plans

Jan 22 2022

Want to know more about retirement planning? Discover the different types of retirement plans and their tax advantages that help you save....

americanexpress.com

Do you like the 4% rule used for retirement planning?

Jan 16 2022

The 4% rule got entrenched in the conventional wisdom of financial planning (institutional as well as personal), despite come criticism...

quora.com

Retirement Planning Mistakes to Avoid | Personal Capital

Nov 16 2021

The most common retirement planning mistakes that people make begin well before retirement. Learn what they are and positive steps you can take to avoid them....

personalcapital.com

Retirement Income Planning Strategies | Personal Capital

Sep 01 2021

Your primary objective is to ensure your retirement assets last for as long as you live. Here are a few strategies for accomplishing this....

personalcapital.com

Bogleheads® retirement planning start-up kit

Feb 07 2021

The first step of preparing for retirement is to do some research. There is more to retirement planning than managing stocks and bonds....

bogleheads.org

529 Plan For High School Seniors and Students Already in College

Dec 17 2020

When you child gets close to going to college, consider investing your 529 plan account in CDs or a stable value fund. Only some 529 plans offer them....

thefinancebuff.com

Retirement Rules of Thumb - Eggstack

Sep 12 2018

In today’s episode of eggstack, we examine retirement rules of thumb. Who knew retirement planning was so easy you could do it with a rule of thumb? Continue reading...

eggstack.com

What Will You Do In Retirement?

Apr 23 2017

Last week Mike wrote to ask me for a quick answer to the question, “What are you going to do when you retire?” Mike plans to retire in three months. I often receive the related question, “What d...

kathysretirementblog.com

Mega Backdoor Roth: Convert Within Plan or Out to Roth IRA?

Apr 26 2016

When your 401k-type plan allows non-Roth after-tax contributions, you can take the money out to a Roth IRA or convert to Roth within the plan. Either way works....

thefinancebuff.com

8 Reasons To Be Confident In Your Retirement “The Number”

Jun 29 2015

The one question most readers have been sending me has to do with The Number.  I write those words with capital letters in homage to the financial planning book by Lee Eisenberg of the same name and ...

mrfirestation.com

About Planning

Retirement planning is the process of determining how much you will need to save and invest in order to have enough money to live on during retirement. It involves setting goals, analyzing your current financial situation, and making a plan to help you reach your retirement goals.

Here are some steps you can take to start planning for retirement:

Determine your retirement goals: Consider how much you will need to live on during retirement, where you want to live, and what you want to do in retirement.

Calculate how much you will need to save: Use online retirement calculators or speak with a financial planner to determine how much you will need to save to reach your retirement goals.

Start saving and investing: Contribute to a retirement account, such as a 401(k) or IRA, and consider speaking with a financial advisor about the best investment options for you.

Review and adjust your plan regularly: As your financial situation and retirement goals change, be sure to review and adjust your retirement plan accordingly.

It's never too early to start planning for retirement. The sooner you start saving and investing, the more time your money has to grow and the more prepared you will be for retirement.