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Planning for the Financial Aspects of Retirement

In: Plan Your Financial Future

Author

Listed:
  • Keith R. Fevurly

Abstract

There are many opinions as to when it is best to start planning for your retirement, but the best strategy is to do so as soon as possible. As part of the PADD process, recognize that accumulating sufficient funds to retire comfortably should be your number-one financial goal. If you are married with children at the time of your planned retirement, having sufficient retirement funds will help you avoid becoming a burden to your family, and, as a result, will make your retirement years that much more enjoyable. Adequate retirement monies will also prevent you from becoming overly dependent on the Social Security system, which is heading for financial difficulty absent Congressional action.

Suggested Citation

  • Keith R. Fevurly, 2013. "Planning for the Financial Aspects of Retirement," Springer Books, in: Plan Your Financial Future, chapter 0, pages 221-244, Springer.
    • Handle: RePEc:spr:sprchp:978-1-4302-6065-3_16
    DOI: 10.1007/978-1-4302-6065-3_16
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