Financial Planning for Retirement

Financial planning for retirement is best approached on a step by step basis.

Step One: establish retirement age
Step Two: determine monthly income needed
Step Three: project value of current resources at retirement
Step Four: determine gap to fill if any
Step Five: develop strategy
Step Six: invest retirement assets accordingly
Step Seven: monitor ongoing progress

These financial planning for retirement steps relate to the accumulation of assets. Financial planning for retirement must also include managing risks along the way. Risks such as disability or untimely death…

Life insurance in an amount that would replace a breadwinner’s income and fully fund the survivor’s retirement needs is essential to the financial planning for retirement process. Disability insurance to replace lost income is equally important…

Simply put; financial planning for retirement involves establishing goals, devising a plan, and protecting yourself and your family should the unexpected arise…


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