Retirement Guides
Planning for retirement? Learn what goes into the process with our helpful guides and articles.
Saving enough for retirement is a cornerstone financial goal in America. However, preparing for it can be challenging and, at times, downright confusing. Our retirement planning guides explain the financial tools, like IRAs and 401(k)s, that you can use to comfortably settle down later in life, as well how a financial advisor can help you achieve your goals.
Retirement Planning Basics
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How Divorce Affects Retirement
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How to Maximize Your Social Security
Dec 26, 2024
Managing Inflation in Retirement
Jan 12, 2024
Types of Retirement Vehicles
What Is a 401(k)?
May 24, 2024
What Is an Annuity?
Dec 26, 2024
What Is an Individual Retirement Account (IRA)?
Jun 6, 2024
What Is a Pension Plan?
Feb 9, 2024
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Frequently Asked Questions
What’s the difference between a 401(k) and a pension plan?
401(k)s and pension plans are two common types of employer-sponsored retirement plans; however, they have many important differences. 401(k)s are employee-directed and involve you making contributions, often directly from your paycheck. On the other hand, pensions are employer-directed, with funds coming solely from your employer.
What types of financial advisors help plan for retirement?
Working alongside a financial advisor is an effective way to set yourself up for a successful post-working life. Specifically, they can help you create a comprehensive plan, build a budget, manage accounts and investments, and more. Professionals with retirement expertise often have one or more of the following credentials:
Does inflation impact retirement?
Inflation can affect retirees in various ways. One of the most critical, however, is its impact on fixed-income securities, such as bonds, certificates of deposit (CDs), and defined benefit plans, as well as cash savings. As a result of inflation, these assets may not stay consistent with current markets, negatively influencing your income or money’s purchasing power in retirement.
Are there any disadvantages to retiring early?
Retiring ahead of the typical age can have some challenges, both on the emotional and financial levels. For example, you may experience boredom with your newfound surplus of free time, as well as isolation from the automatic social interaction you used to get at your job. And, since you have a longer retirement than most, you’ll also need to deal with factors such as inflation and uncertain, volatile market conditions.