Planning for the Financial Aspects of Retirement

Keith R. Fevurly

Chapter Chapter 16 in Plan Your Financial Future, 2013, pp 221-244 from Springer

Abstract: Abstract There are many opinions as to when it is best to start planning for your retirement, but the best strategy is to do so as soon as possible. As part of the PADD process, recognize that accumulating sufficient funds to retire comfortably should be your number-one financial goal. If you are married with children at the time of your planned retirement, having sufficient retirement funds will help you avoid becoming a burden to your family, and, as a result, will make your retirement years that much more enjoyable. Adequate retirement monies will also prevent you from becoming overly dependent on the Social Security system, which is heading for financial difficulty absent Congressional action.

Keywords: Mutual Fund; Social Security Benefit; Retirement Plan; Retirement Benefit; Retirement Saving (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-1-4302-6065-3_16

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DOI: 10.1007/978-1-4302-6065-3_16

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