About various retirement savings plans

/in /by

This paper is About various retirement savings plans. 1. Pick a PUBLIC company. 2. Find an article / site that explains their retirement plan and provide link.

About various retirement savings plans

1. Pick a PUBLIC company

2. Find an article / site that explains their retirement plan and provide link

3. Explain in layman’s terbikms what they offer to employees.

More details;

What Is Retirement Planning?

Retirement planning is the process of determining retirement income goals and the actions and decisions necessary to achieve those goals. Retirement planning includes identifying sources of income, estimating expenses, implementing a savings program, and managing assets and also risk. Future cash flows are estimated to determine if the retirement income goal will be achieved. Some retirement plans change depending on whether you’re in, say, the United States, or Canada.

Understanding Retirement Planning

In the simplest sense, retirement planning is the planning one does to be prepared for life after paid work ends, not just financially but in all aspects of life. The non-financial aspects include lifestyle choices such as how to spend time in retirement, where to live, when to completely quit working, etc. A holistic approach to retirement planning considers all these areas.

The emphasis one puts on retirement planning changes throughout different life stages. Early in a person’s working life, retirement planning is about setting aside enough money for retirement. During the middle of your career, it might also include setting specific income or asset targets and taking the steps to achieve them.

Once you reach retirement age, you go from accumulating assets to what planners call the distribution phase. You’re no longer paying in; instead, your decades of saving are paying out.