Financial Planning for Retirement
Retire with confidence. From calculating your retirement number to optimizing Social Security and managing healthcare costs, our tools cover every aspect of retirement planning.
Phase-by-Phase Planning Guide
Assessing Readiness
Determine if you have enough saved, project your retirement income, and identify any gaps in your plan.
Income Planning
Optimize Social Security timing, plan pension income, and create a sustainable withdrawal strategy.
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Healthcare & Insurance
Plan for healthcare costs, understand Medicare options, and budget for medical expenses in retirement.
Tax-Efficient Withdrawals
Minimize taxes in retirement by strategically withdrawing from different account types.
Your Financial Checklist
Financial Checklist
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- Calculate your retirement number (25x annual expenses is a common rule)Use Retirement Calculator →
- Maximize contributions to 401(k) and IRA (including catch-up contributions)Use 401(k) Calculator →
- Run Social Security estimates at ages 62, 67, and 70Use Social Security Calculator →
- Plan for healthcare before Medicare (age 65)Use Health Insurance Calculator →
- Create a retirement budget based on actual expected expensesUse Retirement Calculator →
- Decide on a safe withdrawal rate (typically 3.5-4%)
- Pay off high-interest debt before retiring
- Consider downsizing your home to reduce expenses
- Review and simplify your investment portfolioUse Investment Calculator →
- Update your estate plan, will, and power of attorney
- Research long-term care insurance optionsUse Health Insurance Calculator →
- Plan for required minimum distributions (RMDs) starting at age 73
Expert Tips
The 4% rule suggests withdrawing 4% of your portfolio in year one, then adjusting for inflation. A $1M portfolio supports about $40,000/year.
Delaying Social Security from age 62 to 70 increases your benefit by about 77%. Each year you wait adds roughly 8%.
The average retired couple spends over $300,000 on healthcare in retirement. Medicare does not cover everything.
Withdraw from taxable accounts first, then tax-deferred (401k/IRA), then Roth accounts last to maximize tax-free growth.
Consider Roth conversions in low-income years before retirement to reduce future RMDs and tax bills.
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