Retirement Planning By Age Series

Whether you're just starting out in your career or nearing retirement, our Retirement Planning by Age series break downs key strategies and actions to implement to ensure a comfortable and worry-free retirement.

Steps to Take in Your 20s and 30s

When you’re in your 20s and 30s, becoming financially independent, or no longer needing to earn an income to live your life at the level you currently do, can seem like a finish line you’ll never cross.

Add in the pressure of covering your daily living expenses, paying off student loan debt and starting a family, and the planning to accomplish this can be easy to postpone.

However, making smart, strategic choices early in your career can help ensure you have the resources you need to live comfortably after you leave the daily grind behind. If you don’t take the time to plan now, you might find yourself playing catch-up.

Steps to Take in Your 40s

Making a plan for retirement is about more than maxing out your 401(k) contributions and taking advantage of employer matches—although that’s a good place to start.

Ensuring you have a sizeable nest egg to generate enough retirement income is crucial, but there are other factors to consider that may affect your plans.

Putting these pieces in place in your 40s will help you set yourself up for the life you want in retirement while ensuring your family is taken care of. Take these seven steps to stay on the right track with your financial plan leading up to retirement age.

Steps to Take in Your 50s

As you enter your 50s, the idea of retiring one day starts to become more of a reality than a fantasy. But your working years aren’t behind you quite yet, even if your retirement age feels so close you can taste it!

What you do during this decade can make or break your ability to retire as planned. Taking the right actions now will help ensure you have the retirement income you need to live comfortably when you leave your job behind.  

These eight steps will help you evaluate your nest egg, get your finances in order as you approach and plan for retirement

Steps to Take in Your 60s

If your 20-year-old self could see you now, they may not believe that retirement is finally within reach.  

But thanks to consistent saving, strategic planning and adjusting to life’s curve balls over the years, it’s almost time to leave your full-time gig behind. 

This is your last chance to boost your nest egg and ensure it will generate enough income to support the lifestyle you want to maintain in retirement. 

It’s also the time to finish paying off debt, prepare for social security and make a plan for life after retirement.

These 10 steps will help you prepare financially and emotionally for the big day while making the most of your final working years.