3 Ways to Calculate Your Retirement Number
In the notes for this task, write down all three of target retirement nest egg numbers based on the methods you previously read about here. This includes:4% Withdrawal RuleIncome Multiplier MethodAnnual Spending MethodThen, add [...]
How to Choose Your Retirement Account Type
Once you’ve chosen the company you want to open your account with, you need to choose the account type (or “types” if you’re planning to open more than one) you want to open. [...]
How to Choose a Company for Your Retirement Account
Choosing a company, and the type of account type you’ll use for saving and investing for your retirement is important. Read the guidance and rules of thumb below as you consider your decisions. [...]
Retirement Account Setup Checklist
Setting up your retirement account (or any investment account) involves three distinct steps: Choosing the company (i.e. “brokerage firm”) Choosing the account type Setting up and funding the account [...]
How to Set Up Automatic Funding to Your Retirement Account
To set up automatic funding for your retirement account you need to: Set Up Funding Transfer: Set up the automatic transfer from one of your liquid accounts (typically checking or savings) into your [...]
Alternate Retirement Savings Methods
Broadly speaking, there are three ways to save for retirement outside of a single retirement account. Invest more money Diversify your investment accounts Create new income streams To diversify your investment accounts, consider [...]
Retirement Calculation Methods
There are various methods to calculate your retirement nest egg needs. Below are three of the most common methods, descriptions of who they’re good for, and how they work. The MoneySwell Retirement Planner tool [...]
How to Retire Comfortably
To achieve a comfortable retirement or financial independence, you need growth in your assets. This means you need to invest. This action plan focuses on investing in the market (stocks and bonds including [...]
Understanding Long-term Retirement Saving
Retirement may seem like a long way off but due to the power of compounding returns, it’s incredibly important to start as early as you can. You can’t “save” your way to retirement; [...]
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