Planning for Retirement
There’s a lot more to retirement than just no longer going to work and if you’re like most people, you don’t want to work for the rest of your life. Retirement will come much sooner than you think and to be ready for it, you need a plan – a saving and investment plan, that is.
If you don’t want to lower your standard of living when you retire, most financial professionals agree that you will need about 70 percent to 90 percent of the income you had before you retired. Generally, your Retirement Systems' benefit and Social Security will cover only a portion of this amount. The rest will have to come from what you do on your own – from how much you save and how you invest.
We are revising our planning for retirement resources to help you plan better for your retirement. Check back soon for more information! In the meantime, if you're a year or so away from retirement, check out the retirement planning seminar presentation.