Planning for retirement is probably the most important financial goals for most people. With uncertainties around Social Security, and increasing longevity, you have to not only save a lot more for retirement, but also invest and manage your nest egg wisely. Longevity risk is not just about living longer. It is also about living a more active life that leads to more expenses. Just growing home equity and relying on a Social Security may fall substantially short of meeting your expense needs during retirement.
This section offers you an easy to use tool to assess your retirement needs>. This tool also recommends what you need to save on a monthly basis to attain your retirement target. Most employers offer one or more benefits related to retirement. Work Benefits covers the most common retirement related benefits that are offered at work place. Until recently, many large employers offered Pensions. That served as stable source income during retirement. Howver, due to multiple reasons, many employers are dropping pensions in favor of other retirement saving plans. Many small employers may not offer any retirement plans to their employees. Individuals who fall in this category can take advantage of IRA. Government and not for profit plans are different from those that are available for private sector workers. All these plans are described here with their key features.