Retirement Planning

Learn how much you need to retire comfortably, and how to prepare for the "unexpected." Plan for everything from living expenses, to healthcare, to planning that trip you've always wanted to take.

Frequently Asked Questions
  • What should I do in the 5 years before retirement?

    If you haven’t been tracking all this already, this is the time to calculate how much money you will need and how much income you can expect to have. Do the math, figure out whether you’re on track, and decide what to do next–everything from changing needs or retirement income to working a few more years. 

  • What is the best way to invest for retirement?

    Start by understanding your investment options–both the different types of retirement accounts and the various investment categories. Then start saving early, track your net worth, keep your cool, and watch out for fees that sap your gains. And unless you’re really good at this, don’t go it alone.

  • What are the stages of retirement?

    Retirement isn’t just one step called “stop working at a job.” After the pre-retirement stage and the big good-bye, expect to move through a honeymoon phase, disenchantment, the job of building a new identity, and finally settling into a routine. 

  • Where are the best places to retire?

    If you’re thinking of relocating after you retire, here are the best places in both the U.S. and abroad, according to retirement researchers. Be sure to make extended visits to any new location you’re considering before making the move, especially if it involves living in another culture where people speak a different language. 

  • What is a good retirement income?

    One rule is that people generally need 80% of their current income in retirement. Will you have that much? Start by estimating your future expenses, looking at how much you’ll get from Social Security, and reviewing your retirement savings accounts and any pensions, plus other savings you may have. 

  • What are the worst mistakes you can make in planning for retirement?

    Not thinking ahead can decimate your retirement. Among the bad steps: quitting your job before checking on your retirement-plan vesting status, not saving or planning, not maxing out employer matching funds, investment mistakes, poor tax planning and taking Social Security early. 

Key Terms
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Retirement Savings by Gender
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How Race Shapes Retirement Wealth
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What Is an Eligible Designated Beneficiary?
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Should COVID-19 Change Your Retirement Strategy?
Small Business
Association Retirement Plan (ARP)
Questions for your financial advisor
10 Questions to Ask Your Financial Advisor About Retirement
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What Is the SECURE Act and How Could It Affect Your Retirement?
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What Is a Required Minimum Distribution (RMD)?
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Spend or Save: Should I Pay Off My Mortgage or Invest for Retirement?
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401(k) vs. Pension Plan: What’s the Difference?
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What Is an Employee Stock Ownership Plan (ESOP)?
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What Is the 4% Rule for Retirees?
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What Is a Supplemental Executive Retirement Plan (SERP)?
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Who's Inheriting Your IRA? Why Beneficiaries Should Be Up-to-Date
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What You Should Know About Risk Profiles
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Best Places to Retire on Earth
How to Retire in the U.K. as an American
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Should I Trade My Retirement Account?
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How to Live Frugally as a Senior
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Substantially Equal Periodic Payment (SEPP)
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What Is the Three-Legged Stool?
Will Your Retirement Income Be Enough?
Will Your Retirement Income Be Enough?
America's Most Expensive Retirement States
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Dual Income No Kids (DINK)? Ignore This Retirement Advice
In-Kind Redemptions
Distribution-in-Kind
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What Is the Financial Independence, Retire Early (FIRE) Movement?
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Savings Incentive Match Plan for Employees of Small Employers (SIMPLE)
Safe Withdrawal Rate (SWR) Method
How to Create a Retirement Portfolio Strategy
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The 11 Worst Retirement Mistakes: Sidestep Them
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How to Plan for Travel in Retirement
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Contribution Limits for IRAs, 401(k)s in 2022
Retirement Planning Doesn’t Stop When You Retire
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Interest-Only Retirement: Can It Be Done?
How RESA Could Reform Workplace Retirement Plans
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Retirement Plan Tax Prep Checklist
How the U.S. Ranks on the Global Retirement Index
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Actual Deferral & Actual Contribution Percentage Tests (ADP/ACP)
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10 Low-Risk Income Sources for a Safer Retirement
Best Practices for Managing Retirement Income
Avoid the Downsides of Downsizing in Retirement
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10 Ways To Borrow in Retirement
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Retirement Planning Tips in Your Mid-60s and Beyond
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Pay Yourself First
Retirement Planning
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Systematic Withdrawal Plan (SWP)
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10 Cities Where Retirees Can Thrive
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Guaranteed Lifetime Withdrawal Benefit (GLWB)
Can Retirees Live in Military Housing?
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When Retirement Is Getting You Down
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What's Your Net Worth Telling You?
5 Countries With Easy Citizenship for Retirement
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The Most Popular States to Retire to in the U.S.
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Journey Through the 6 Stages of Retirement
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How to Protect Your Retirement From Lawsuits
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The Greatest Generation
5 Companies With the Best Retirement Plans
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4 Alternatives to Borrowing or Withdrawing Retirement Funds
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Should You Accept an Early Retirement Offer?