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| What's Your Strategy for Financial Security? |
Planning A Secure Retirement
- Make a commitment to actively plan for your retirement, sit down with your spouse, set a target date and initiate the steps.
- Identify where you are today, your assets and your liabilities.
- Recognize the importance of rigorous saving in your pre-retirement years.
- Make your pre-tax retirement savings vehicles your number one priority.
- Make an effort to reach retirement relatively free of debt.
- Learn your Social Security benefits and get an estimate of your monthly benefits.
- Know your pension benefits and work to understand what you can expect.
- Investigate your health insurance needs at retirement, the costs and coverage levels.
- Calculate your post-retirement cost of living with a provision for inflation.
- Calculate a post-retirement income statement, listing estimated sources of income.
- Estimate the value of your investment portfolio at retirement.
- Work to educate yourself on important retirement planning considerations, investment choices, tax effects, and pension options.
