Retirement Planning in 6 Easy Steps

You need to work to sustain your lifestyle -- but you also hope your hard work provides you with a comfortable retirement. Reaching retirement age only to learn this dream won't come true can devastate anyone. Make sure that doesn't happen to you. You can retire successfully, but you'll need some careful planning. These 6 steps will help you get started.

1. Determine When you Want to Retire

Picking a retirement year lets you set a time horizon -- a key measure for retirement planning. The closer your retirement date, the less aggressively you need to invest. If you don't reduce your equity exposure as you near your retirement date, you risk entering a bear market in the years before retirement. On the flip side, not investing aggressively enough while you're younger means your accounts won't grow as well as they otherwise would. Both outcomes might leave you without enough money to survive during your retirement years.

For younger workers, choosing a retirement age may feel premature -- but it is vital. The date you pick is a target, and it's not set in stone. You'll just need flexibility throughout the years if your life changes unexpectedly, especially as your retirement date nears. If you experience a major life event like buying a new home or receiving a promotion, you need to update your plan to account for it.

2.评估退休金的收入来源德赢登录网址

您是否为一家提供养老金的公司工作?在什么年龄,您会担心社会保障,每月收到多少钱?一些人有退休的收入来源,符合或超过其德赢登录网址工作收入,但大多数人将越来越少。

审计退休收入来源的措施是多少。德赢登录网址这将让您知道退休的收入是多少,将来自您的投资账户。德赢登录网址您拥有的来源越多,退休储蓄越少,将补充退休金的收入。德赢登录网址

3.评估退休金的费用德赢登录网址

How much you spend during retirement also matters. The presence or absence of regular monthly payments like a mortgage or car loan will affect how much money you'll need each month. Fewer expenses mean you can get away fewer retirement assets.

如果您没有许多收入来源,您将通过退出您的投资账户来支付您的费用。研究表明,50%的股票/ 50%债券投资组合,撤回4%,将在30年内维持您的资金。您将希望保持您的费用足够低,以至于您的提款不超过该金额。

4. Adjust for Inflation

Inflation means that you can buy things for less money now than they'll cost in the future. If you've ever heard your grandma or grandpa complain about how everything costs more now today than when they were young, that's inflation. One day, you'll be the grandparent; instead of complaining about future prices then, you can prepare for them now.

Start by adjusting the amount of money you'll need each year by the expected rate of inflation -- about 3% annually -- and remember to compound that figure for every year you intend to spend in retirement. That number may not seem like much year to year, but over 20 years of retirement, you can expect the price of goods and services to double.

5. Determine Asset Allocation

Asset allocation determines which asset classes you invest in, and how much you devote to each. It is the driving force behind how much your accounts will grow. Shouldering a higher level of risk will leave your portfolio more heavily weighted in stock. It'll grow more over the long term, but also face greater turbulence. If you've invested too conservatively, your funds may not grow enough, and you'll fall short of your retirement goal. If you're too aggressive, you get swamped by market volatility, sell out of your investments, and fail to meet your retirement goals.

Your asset allocation model will take into account your risk-taking ability, with special attention paid to your personal feelings about volatility and your past reactions to market declines. There are many ways to determine this mix, but one of the easiest ways is by taking a risk tolerance quiz.

6. Make Up for Gaps

After taking all of this into account, you'll come up with one of three scenarios:

  1. 你节省了足够的又可以在退休期间挥霍!德赢登录网址
  2. Your money will last just long enough in retirement, given your life expectancy.
  3. You end up with a gap. The amount of income that you can generate each month is less than your expenses, and you won't have enough money to live off of during your entire retirement.

如果您发现自己在后一种情况下,您仍然可以弥补这些差距。退休期间工作兼职可以补充您的其他收入来源。德赢登录网址在停止工作之前赢得费用也可以提高这种差距。您还可以考虑调整您的资产配置。投资更大比例的股票将有助于您的帐户随着时间的推移而增长;只需确保您可以处理额外的风险。

不管what, you absolutely must track your progress and make changes as necessary, especially if a major life event changes your plan Successfully saving enough money to last throughout your entire retirement is a huge accomplishment. Achieving that goal starts with having a plan. A successful retirement is within your reach, but it will take time, diligence and action on your part to make that dream come true.

这篇文章是由Diane Mtetwa撰写的杂色的傻瓜and was legally licensed through theIndustry Divepublisher network. Please direct all licensing questions to[电子邮件受保护].


This material is provided by Voya for general and educational purposes only; it is not intended to provide legal, tax, or investment advice. All investments are subject to risk. Please consult an independent tax, legal, or financial professional for specific advice about your individual situation.
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