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Preparing to Retire: What Do You Need to Know?

 

As you approach retirement, you may have a clear vision of the life you want to lead in the future. Before discussing numbers, we can help you determine where you'd like to go, and where you'd like to be in years to come.

Think about the details

It can be challenging to think about how you'll spend your free time in retirement. Maybe you want to open a coffee shop, or learn to play the piano. It's a time to ask your self "What could I do next?" Once you define your dreams for retirement, it's important to take a close look at how your retirement savings will support your new lifestyle.

Calculate how long your nest egg will last

Develop your retirement income strategies

For many people, retirement can last as long as time spent working. You need to make sure that you won't outlive your retirement income. A financial advisor can help you identify the sources of income that will be available to you in retirement. Together, you can plan ongoing savings or withdrawal strategies that will make your money last.

Don't lose track of your vision

A financial advisor can help translate your goals and dreams into responsible financial planning solutions. Together you'll make a plan that reflects your current financial picture—and your vision for the future. Regular check-ins will help ensure your plan stays on track.

Ameriprise Financial cannot guarantee future financial results.

Confirm what you need to know before you retire

The Dream Book

Answer questions about your goals, savings needs and expenses to gain insight on how to plan for your future.

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Retirement Planning

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