1. Money

Retire

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Determining when and how to retire is challenging. There are plenty of things to think about such as when to start social security, how to invest, how much tax you will pay in retirement, and much, much more. Below you will find answers to many of your common questions about retirement.
  1. When To Retire
  2. Sources of Retirement Income
  3. Planning For Taxes in Retirement
  4. Using Your 401k Plan

When To Retire

Picture of couple planning on when to retire.

One of the most important decisions you will make is when to retire. You’ll need to know how much income you will need, and where it’s going to come from. You’ll also want to factor in life expectancy, health insurance benefits, and much more.

Sources of Retirement Income

3 Golden Eggs

Retirement income can come from social security, pensions, annuities, investments and your own personal earnings. It’s important to take the time to figure out where your retirement income is going to come from and learn what you can do to increase it.

Planning For Taxes in Retirement

Tax deferral sounds great, but it can be a double edged sword. If you start planning early enough, you’ll be sure to make smart, tax-savings decisions both before and after retirement.

Using Your 401k Plan

401k

The rules that apply to how and when you can use your 401k money are complex. First, invest it wisely, which means diversify. Next learn when and how you can take money out of your 401k so you know what rules apply when you need to use it.

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