Early Retirement: Adventure & Work
Embrace hobbies and travel early in retirement to help with the shift. Use a retirement calculator tool to help you discover if you are on track with your goals based on your current savings strategies.
In the Flow: Balance & Budget
Adjust spending as retirement realities set in. Focus on balancing finances, and consider other financial shifts to maintain a comfortable standard of living.
Later Years: Healthcare & Comfort
Health care expenses typically rise later in retirement, but planning early could help offset these expenses. Consider other ways to offset costs such as long-term care insurance to help you to maintain a comfortable lifestyle.
Financial advisors can help you make smart choices to manage your wealth, reduce taxes, and create a retirement plan tailored specifically for you. Connect with a local advisor for a no-obligation complimentary consultation.
Learn about some retirement funding options
Cash
Often forgotten, your savings should be considered part of your retirement cushion, including checking, savings accounts, and certificates of deposits (CDs).
Annuities
Annuities can provide protected retirement income. A financial advisor can give you guidance on options that may be right for you and the lifestyle you want to maintain in retirement.
Workplace retirement plans
Workplace retirement plans such as 401(k)s and pension plans help you save for the future with tax advantages and potential employer contributions. Automatic payroll deductions make it easy to invest in options provided by your employer.
Individual retirement accounts (IRAs)
An IRA is a tax-advantaged savings plan that allows you to set aside money for retirement.
Taxable investments
Mutual funds and exchange-trade funds (ETFs) both invest in a long list of individual stocks, bonds, or other securities, offering diversification that can help provide growth opportunities.
Fixed-income investments
Rental properties or other real estate investments, bonds, and dividend-paying stocks can create a more predictable income stream for your retirement.
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