A Plan That Works for You
Six Steps to Prepare for Retirement
Determine Your Comfort Level with Risk
Not reaching your long-term goals is your biggest risk, not the stock market. Balance your risk tolerance and investment return needs to reach your goals
Consider The “What-Ifs”
Do not allow unforeseen events to prevent you from reaching your financial goals, especially retirement. You can achieve financial stability by establishing an emergency fund, having insurance, and developing an investment strategy designed to withstand market fluctuations.
Growth should continue after retirement. Planning is crucial if you want your investments to see you through retirement. Learn how to mitigate inflation’s effects, concentrate on controllable actions, and strike the right balance with your portfolio.
Caring for Family Members
You might need to care for a family member while working to save for retirement. This does not imply that you must choose between your loved ones and your retirement plan. We have several ways to support you even as you juggle multiple priorities.
Evaluate Your Emotional Readiness
There is no “right” age to retire, and the decision is about more than just money. If you’re starting to think seriously about when to retire, these questions can help you decide when is best for you and your family.