Retirement Planning: A 5-Step Guide for 2025
A financially secure retirement starts with making a plan now. You may not want to work forever or be able to rely fully on Social Security, so thinking ahead has its benefits.
There are a few steps to making a financial plan for retirement, starting with how much money you’ll need and your own priorities, then moving on to what kind of account you want, where to open it, and which investments to choose.
When can you retire?
When you can retire comes down to when you want to retire and when you’ll have enough money saved to replace the income you receive from working.
The earliest you can start claiming Social Security benefits is age 62. However, by filing early, you’ll sacrifice a portion of your benefits. If you were born in 1960 or…
