What kinds of financial issues should you be thinking
about in regard to your retirement?
The
impact of inflation. Inflation
will have an impact on your
retirement. Since 1965, the annual
inflation rate has averaged around 6 percent.
Saving
- investing for retirement. The difference between saving and
investing. When your goals require a
good deal of money, like funding a comfortable retirement, simply saving
your money may not be enough.
Various
saving and investing options,
a 401 (k), 403 (b), 457 Plan, an
IRA, a Roth IRA. How can you use these
various options to your advantage?
Planning - Saving - Investing for Retirement -
Retirement 101: The Basics
What
will fund your comfortable retirement?
the sources of income? How
much will you need and how can you determine the amount? An examination of a number of various
exercises you can use to determine your needs.
Where will your
money come from? What will Social Security provide? What
will your pension (if you have one)
provide? The difference between a defined benefit pension plan and a defined contribution plan (if appropriate).
How
long should you plan for? An examination of the life expectancy tables
and how you can use the tables to help you with your plans.
Robert
Julian, Retirement Planning Consultants, 313 Blackstone Avenue, Ithaca, New York 14850