retirement

6 steps to retirement

Retirement » 6 Steps To Retirement

6 steps to retirement
6 steps to retirement © wavebreakmedia/Shutterstock.com

Your retirement date is approaching, and you think you're ready. But have you thought through all the steps you need to take to reach your retirement destination?

When it comes to retirement planning, there are many things to consider. It may prove to be too much for you to handle, so your first step may be to get some help from a professional financial planner. After all, there are timing issues involved, and deadlines that must be met to avoid a penalty.

You need to rethink your asset allocation strategy, plan for medical expenses, and take your retirement distributions in a tax-savvy way so there's more for you and less for Uncle Sam. Last but not least, if you haven't done so, you need to get your financial affairs in order to prepare for any eventuality.

Read on to brush up on the important steps to take to achieve lasting security in retirement.

advertisement

Show Bankrate's community sharing policy
          Connect with us
MORTGAGE HOME EQUITY AUTO CDs CREDIT CARDS
Product Rate Change Last week
30 year fixed 4.23%  0.02 4.25%
15 year fixed 3.23%  0.02 3.21%
5/1 ARM 3.45%  0.11 3.56%
 
View Rates in your area Next
Product Rate Change Last week
30K FICO-based HELOC 4.36%  0.01 4.35%
50K FICO-based HELOC 4.06% --0.00 4.06%
100K FICO-based HELOC 3.91% --0.00 3.91%
 
View Rates in your area Next
Product Rate Change Last week
60 month used car loan 2.79%  0.10 2.69%
48 month used car loan 2.98%  0.06 2.92%
60 month new car loan 3.23%  0.05 3.18%
 
View Rates in your area Next
Product Rate Change Last week
1 Year CD 0.94%  0.03 0.91%
2 Year CD 1.13%  0.03 1.10%
5 Year CD 1.76% --0.01 1.77%
 
View Rates in your area Next
Product Rate Change Last week
Balance Transfer Cards 15.71%  0.01 15.70%
Cash Back Cards 16.41%  0.01 16.40%
Low Interest Cards 10.86% --0.00 10.86%
 
Next
advertisement
CD & INVESTING NEWSLETTER

Learn the latest trends that will help grow your portfolio, plus tips on investing strategies. Delivered weekly.

Becoming an entrepreneur is a tax-friendly way for retirees to make and save money.
advertisement
Partner Center
advertisement

Connect with us