Financial retirement tips for Dad

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Father's Day special

A toolbox of tips for Dad's retirement
By Bankrate.com

If your dad likes to tinker and putter around fixing things, here's another toolbox to add to his collection. Our financial kit is full of money-saving tips and strategies to make planning for his golden years a snap.

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Take the hammer and chisel to his retirement plans

Rethink retirement needs

Longer life expectancies and shrinking portfolios will require new strategies. Check out your dad's plans.
Plus: Calculate how much money he'll need to retire

Hammer out long-term-care insurance needs

Do the research before he'll need this expensive, but important, policy. Here are 12 questions to ask.

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Use a CD ladder to even out rate cycles

Maximize dad's CD earnings by laddering their maturity dates. Here's how a ladder works.
Plus: Build a CD ladder
And: Find the best CD rates in dad's area

Make sure your dad's retirement plan is working hard for him

Check out these eight tips on how 401(k) savings plans work and take advantage of this retirement tool offered by employers.
Plus: Don't forget that old 401(k) -- it could cost your dad big!
And: Make sure your dad's company pension fund is going to be there

Strengthen your dad's IRA

Take IRA investments to the contribution limit.
Plus: The ABCs of IRAs
Plus: Breaking down the IRAs
And: 10 must-know IRA terms