What are your retirement income goals, and what will it take to meet them? Many retirees can expect their good health to last longer than that of their parents. Combined with increasing lifespans and (in some cases) earlier retirement, today’s seniors may spend more than a quarter of their lives in retirement. As a result, many have become increasingly concerned about outliving their money. What’s your unique vision of an ideal retirement? What would make this chapter of life as secure, fulfilling and purposeful as possible? 

This section will include information on ways to:

• Estimate annual retirement expenses
• Estimate income from Social Security, your pension, investments and other sources
• Determine your estimated annual withdrawals
• Understand inflation and its effects
• Learn why seniors are at higher risk from fraud, and ways to recognize and prevent it
• Better protect yourself against identity theft
• Understand market timing and the effects of investing into a declining market

Investment selections should be determined by analyzing your goals and objectives as well as your personal financial situation. This section will help you to evaluate how you feel about money, and what your risk tolerance may be, and to understand how important it is to align your investment behavior with your attitudes, risk tolerance and goals.

This section will discuss some of the issues most important to retirement income, including:

• Social Security claiming strategies,earnings penalty, and taxation
• IRAs, Roth IRAs, and required minimum distributions
• Tax efficiency and withdrawal order
• IRA to Roth IRA conversions
• Employer-sponsored retirement accounts (including 401(k), 403(b) and 457 plans)
• 401(k) rollover considerations
• Pension decisions
• Life insurance comparison
• Annuity withdrawal choices

One of the biggest concerns for retirees is their health. Everyone is aware that aging may increase the need for medical treatment. While we cannot reverse the aging process, we can take steps to stay healthy and to plan for the future. Medical planning should help you prepare for health care, long-term care, incapacity, and end of life.

For many people, the objective of estate planning is to give as much as possible to family, friends and charities, while giving as little as necessary to the government. 

Topics covered in this section include ownership transfers, probate and wills, types of trusts, income from annuities and estate taxes.