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Retirement planning in a financial context refers to process of making financial provision for retirement prior to reaching retirement age. This normally results in the purposeful setting aside of money or other assets with the intention of deriving an income from those assets at retirement into old age. It basically is a savings account that allows you to retire and still be financially stable.
The ultimate method of retirement planning doesn't necessarily result in the use a retirement plan as alternative methods of investing may be more appropriate.
The process of retirement planning aims to: (1) assess a client's readiness-to-retire given a desired retirement age and lifestyle,i.e. do they have sufficient money to afford to retire; and (2) to identify client decisions or actions to improve readiness-to-retire
What else can I help you with?
What is the importance of understanding the 401k cost basis when planning for retirement?
Understanding the 401k cost basis is important for retirement planning because it helps you determine the tax implications of your withdrawals. Knowing your cost basis can help you minimize taxes and maximize your retirement savings.
where can i find a retirement planning calculator?
Massmutual.com offers online retirement planning calculators.
What are the first three steps to identify in retirement planning?
The first three steps in retirement planning are setting retirement goals, estimating retirement expenses, and calculating retirement income sources.
Who can help me with my retirement planning?
A financial advisor from any investment banks can help you with your retirement planning.
Where can you find a retirement planning worksheet to help you make the best decisions for impending retirement?
You can find a retirement planning worksheet online, or you could go to a trusted financial establishment, such as your bank to obtain a retirement planning worksheet.
Where can I find books on retirement planning?
You can find books on retirement planning at your local library. You can also go to www.fidelity.com they have all the information on there page about retirement planning. This web page also lets you open an account through them for your retirement.
I am young 21 year old but I want to start planning early for my retirement. What are the best financial instutions that offer retirement planning services.?
Any major bank will offer various retirement planning services. You can go to any major bank and be able to start the retirement planning process.
Is it useful to fill out a retirement planning worksheet while still in your 20s?
It is useful to fill out your retirement planning worksheet while you are still in your 20s. If you don't start planning for your retirement early, you may not have a retirement pension when you need it due to lack of preparation.
Where can one get advice on financial planning after retirement?
There are many places where one can get advice on financial planning after retirement. One can get advice on financial planning after retirement by visiting popular on the web sources such as AARP and Market Watch.
What should be an important part of planning your future?
retirement planning A+ ;)
Where online can I find a good retirement planning calculator?
You can go to moneycentral.msn.com. They offer a reliable and effective retirement planning calculator.
What has the author Judith B Harrington written?
Judith B. Harrington has written: 'The everything retirement planning book' -- subject(s): Planning, Retirement, Retirement income
