Chapter 1: Why save for retirement?It's so important to make this a priority so that you're not stuck in the workforce any longer than necessary.Why save for retirementDecline of pensions; rise of 401(k) plansThose with a pension still need to savePrioritizing retirement savingsPower of compoundingDollar-cost averagingWhat inflation can do to your spending powerChapter 2: Retirement vehiclesLearn how these accounts provide tax advantages to both savers and employers.Types of retirement vehiclesWorkplace retirement plans help you saveRoth 401(k)Self-employed 401(k)Traditional IRA vs. Roth IRASimple IRASEP IRAChapter 3: Investment optionsChoose investments wisely to grow your money.Investing: a universe of optionsRelationship between risk and returnStocks, bonds, cash, mutual fundsImportance of asset allocationTarget-date fundsMutual funds vs. ETFsInternational investing/emerging marketsIndividual stocks/company stockChapter 4: Making decisionsKnow your options so you can make smart decisions throughout your career.Making decisionsBorrowing from a 401(k)Leave 401(k) or roll it over?Consolidating 401(k) plansCatch-up contributionsConverting a traditional to a Roth IRAChapter 5: Retirement movesMake the most of your savings once you finally reach retirement.Retirement movesWhen to take Social SecurityWise withdrawal strategiesKnow your required minimum distributionFunding retirement with rental incomeBasics of reverse mortgages
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As an older adult, the practicality of downsizing may outweigh the sentimental value and familiarity of your current, larger home.
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