Retirement Planningby InvestorGuide Staff
Nowadays, people are living longer so retirees are spending 30 years or more in retirement. It is important to plan ahead if you want to maintain your standard of living during that time. Investing in tax-deferred savings plans and investing in other sources can help you get to a comfortable level for retirement. Determine your current situation. Obtain the current value of regular accounts, IRAs, and company tax-deferred savings plans. Get an estimate of any company pension plan. Estimate your future Social Security benefits. This can be done more easily with a retirement calculator.