Retirement choices are easier to compare when you begin with a clear view of your own finances. Use this overview to decide what to review and what to ask.
Start with your full picture
List your savings and assets, debts, expected expenses, and income sources. The Retirement Readiness page can help you organize them.
Compare your options
- Workplace retirement plan and IRA choices
- Pension terms
- Annuity contract terms
- Social Security timing
For each, weigh costs and fees, taxes, access to your money, plan or provider terms, healthcare expenses, inflation, and your personal circumstances.
If you have an old employer plan
Common paths are leaving it in place, moving it to a new employer plan if permitted, an IRA rollover, or a distribution. Fees, taxes, investment choices, and rules differ, and no single path fits everyone.
Next steps
Read about retirement income planning to think through timing and spending, or visit the Resource Center for our free retirement options guide. Business owners can also review employee benefits and business-owner coverage. When you are ready to talk through your questions, request an appointment.
Vurne L. Bobbs Jr. is a Financial Professional. This article is general education, not tax, legal, or individualized financial advice.
