Saving for Retirement
The following articles are from Fidelity.com.
The earlier and more aggressively you start, the better your eventual result
can be. Having a successful retirement means balancing retirement saving with your other life goals, and making retirement
saving a top priority.
Whether you've been saving for years or are just getting started, one fact
is undeniable: to help make sure you're able to enjoy the retirement you envision, you have to not only save, but
also have a plan.
When creating a savings plan it's important to determine how much to save.
It's also important to make sure you put your savings in the "right" accounts.
Pulitzer Prize winner Hedrick Smith produced a documentary for PBS Frontline entitled, "Can You Afford to
Retire?", which includes an in depth review of United's pension default and 401k plans.
To assure yourself of a successful retirement, you'll need to understand five
key risks that are likely to affect your savings: longevity, health care costs, inflation, asset allocation, and
Developing a solid financial plan requires planning for your healthcare needs
and researching costs, insurance, and savings options.
Social Security, Pension Benefits, Medicare, and Estate Planning.
As you move into and through retirement, it's particularly important that
you establish specialized plans for generating reliable income to sustain you for the rest of your life.