Planification de la Retraite

Retirement planning is a multi-step process that evolves over time. To have a comfortable, safe and fun retirement, you need to build the financial cushion that will fund it all. The fun part is why it makes sense to pay attention to the serious – and possibly boring – part: planning how you'll get there.

After decades of working and saving, you can finally see retirement on the horizon. But now is not the time to stop. If you plan to retire in the next 10 or so years, consider taking these steps today to help you in your efforts to have what you need to enjoy a comfortable lifestyle in retirement. Reviewing your sources of income well in advance of your target retirement date gives you time to make any necessary adjustments.

Retirement planning starts with thinking about your retirement goals and how much time you have to achieve them. Next, you need to look at the types of retirement accounts that can help you raise funds to fund your future. As you save this money, you need to invest it to allow it to grow.

The final part of planning is taxes: If you've received tax deductions over the years for the money you've contributed to your retirement accounts, a large tax bill awaits when you start withdrawing those savings. There are ways to minimize the tax burden of retirement while saving for the future and continuing the process when that day arrives and you stop working.

At first glance, retirement planning hasn't changed much over the years. You work, you save and then you retire. But while the mechanics may be the same, today's savers face challenges that previous generations didn't have to worry about.

First, the life expectancy is longer, which means you'll need your money to last longer – potentially up to 90 years. Bond yields are also much lower than before, which means you can't buy a few fixed income instruments and get a double-digit return.

Planning for retirement means preparing your future life today so that you continue to achieve all your goals and dreams independently. This includes setting your retirement goals, estimating how much money you'll need, and investing to grow your retirement savings.

Each pension plan is unique. After all, you may have very specific ideas about how you want to spend your life in retirement. That's why it's important to have a plan designed specifically to meet your individual needs. Retirement will be different for each of us. A person may have found their life's passion and plan to work until the day they die. Another person may want to retire as soon as possible and never work another day. That same person may want to live a lavish lifestyle that includes travel and vacation homes, while their neighbor may dream of moving to a cabin in the woods and living a simple life until they die.

As you achieve financial independence, you begin to plan all expenses, from daily expenses to milestones. One of those times in your life that you need to prepare for financially is retirement. Essentially, planning for retirement involves taking steps as early as possible to ensure you have a financially secure old age.