When Do You Plan to Retire?
The time to repair the roof is when the sun is shining.
~ John F. Kennedy
Select the amount you think most U.S. households have saved for retirement.
According to the National Institute on Retirement Security (NIRS), the median balance is $2,500 for all working-age households. This amount goes up to $14,500 when looking only at households near retirement.
When do you plan to retire seems like it would be an easy question to answer with a quick age-related response, or something along the lines of “never” or “as soon as I can.”
Really focus on the words, and think again:
When do you plan to retire?
This course is about focusing on planning. Just as in the quote from President Kennedy earlier, planning while you are working should become a top priority since new income sources may be very limited during retirement.
Focus on Retirement Planning
There are eight key decision areas that will help focus your retirement preparations. The decision areas highlighted in this course are:
- Social Security
- Retirement Plans
- Saving and Investing