Planning for Retirement

Start planning for retirement as soon as you can to take advantage of the power of compounding.

Retirees have more time to travel, go sightseeing, shop, and engage in other expensive activities. Accurate retirement spending goals help in the planning process as more spending in the future requires additional savings today.

When you first embarked on your retirement planning journey, your goal was probably to save as much as possible and generate the biggest returns you could through a diversified portfolio. But as you get closer to your golden years, you need to protect your nest egg more than ever. That’s where a good retirement income planning strategy comes in.

Retirement planning should include determining time horizons, estimating expenses, calculating required after-tax returns, assessing risk tolerance, and doing estate planning.