Retirement Planning

Retirement Planning

What is retirement? The day you end your career at “the company”? The day you receive your first Social Security check or take your first IRA/401K withdrawal? Some other event? Probably not. Today’s Americans, more than previous generations, view retirement as an active journey filled with new opportunities.

Americans who make it to age 65, for example, have a great chance to live well into their eighties—that’s what the census statistics show. That means many people will experience “retirements” that last as long as “working careers.” Enjoying those years is just one reason to start planning ahead.

Planning for retirement is about more than making sure that you have enough money, important as the financial foundation is. We offer that StraightTalk reminder before sharing recommended online resources because so many “retirement planning” sites and tools on the Web (there are thousands) begin and end with money. Our goal is to offer a selection among many good resources that cover a wide range of issues related to living strong as you plan and enjoy your retirement journey, shaping it to achieve your goals.

Overviews of Retirement Planning and Basic Guides

Financial Planning and Saving for Retirement

• How much money will you need to retire?
• Building a nest egg: Savings and Investment options
• Late Starter? Retirement Savings Strategies after Age 50
• What about Reverse Mortgages for Financing Retirement?
• Scams and Risky Ventures to Avoid

Beyond the Money: Planning other aspects of retirement

Managing Your Financial Resources During Retirement

Medicare and Health Insurance Issues related to Retirement

Taking Early Retirement

StraightTalk Tip: Before you begin checking out these resources, a reminder that our discussion and sites to which we’ve provided links provide information to help you understand issues related to retirement planning but the information is not intended as investment, tax or legal advice. For advice on your specific questions you may wish to consult a qualified financial, tax, or legal professional.

Prepared for Corning Credit Union by Remar Sutton & Associates, May 2005. Reviewed and updated May 2007. All rights reserved.