Planning for Retirement

Planning for Retirement

1h 2mBeginner2021-02-12

Authors

Natalie Taylor

Natalie Taylor

Certified Financial Planner™ Professional, Behavioral Financial Advisor™

Madecraft

Madecraft

Full-Service Learning Content Company

Course details

Are you ready for retirement? If you're like most people, saving for retirement can seem daunting and can easily be ignored. In this course, financial export Natalie Taylor introduces all the steps that you should take to begin preparing yourself for retirement. Natalie discusses how to balance saving with other goals and steps through developing a vision for what retirement might look like. She explains the different retirement accounts from 401k to Roth IRA and traditional savings accounts. Natalie goes into how much you should be saving for retirement and the power of setting micro goals. She covers the basics of investing, then concludes with an explanation of how much you should withdraw so that you can maintain your income over your lifetime.

Skills covered

Personal FinanceProfessional DevelopmentOne-Off

Concepts

Introduction

  • Maximizing your retirement

Are You Ready to Save for Retirement

  • Checklist before saving
  • Balancing saving with other goals
  • What does retirement look like

Retirement Accounts

  • 401(k) vs. IRA for retirement
  • Roth vs. traditional savings accounts
  • Self-employed retirement accounts

How Much to Save for Retirement

  • The power of micro goals
  • How much to save for retirement
  • Are you on track for retirement

Investing for Retirement

  • Investing basics - Stocks vs. bonds
  • Mutual funds and diversification
  • Target-date mutual funds

Getting Your Money Before Retirement

  • Rolling over retirement accounts
  • Early loans and withdrawals

Retirement Income

  • Retirement account withdrawal rate
  • Will you get Social Security
  • How do pensions work

Conclusion

  • Start considering retirement
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