We tend to be exposed all the time to the topic of “retirement planning.” We hear news stories discussing how to provide for retirement. There are television and radio shows devoted to the topic. Usually, the emphasis is on saving for retirement. While this is certainly a key aspect of retirement planning, there is so much more to retirement planning than deciding how much to save for retirement and how to invest those savings. People’s lives often change dramatically in retirement. Our intent in this section of our site is not so much to offer specific advice in the many areas that comprise retirement planning, but rather to suggest good sources for such advice and to encourage all of our members to begin thinking about all aspects of their retirement, not just saving for retirement. These topics include:
- Impact of income taxes in retirement
- Understanding Social Security benefits
- Supplementing your income
- Understanding Medicare and health insurance alternatives
- Wills, trusts and estate planning
- Maintaining your physical and mental health
- Budgeting your expenses
- Housing and possible relocation
- What to do with your time
One of the better resources we have found for comprehensive retirement planning is a retirement planning guide titled “Ready or Not – Your Retirement Planning Guide.” One copy of “Ready or Not – Your Retirement Planning Guide” is available to all members of ERS free of charge. You can stop by our office to pick one up or send us a communication requesting one. “Ready or Not – Your Retirement Planning Guide” provides an excellent introduction to the topics listed above and many more on planning your successful retirement.
In addition, you can find a wealth of resources on the internet. For your convenience, we have provided links to what we feel are some useful and interesting sites.