The good news is that you’re going to live longer, the bad news that you can’t afford it. Many of us discount the length of our lives and ignore the growing mega trend of longevity.
Everyone wants to have a comfortable retirement, but nobody wants to plan for it. Unfortunately you can’t have one without the other.
When do you want to retire? Where do you want to live? In this section, MsMoney.com helps you determine your retirement goals, estimate how much you need to save to meet those goals, evaluate your current savings plan, and implement changes, if necessary.
The best way to save is through government and employer-sponsored retirement accounts, such as IRAs, 401(k)s, and Keoghs. See what options are available to you and discover why these accounts provide the most effective way to save money. In this section, you will learn the power of compounding.
These days, retirements are longer and more active than ever before. By creating an effective retirement budget and developing a savings withdrawal plan, you can make your retirement financially sustainable.
Early & Semi-Retirement
If you want to retire or switch to part-time work when you reach 55, you face special challenges, like paying for health insurance and having a steady income stream until you receive retirement benefits. We’ll show you what your options are and help you devise a plan to make early or semi-retirement work for you.