Advanced Retirement Planning Guide

The best retirement plan is one that is tailored to your specific needs. In our Quick Guide to Retirement Planning some commonly-accepted conservative assumptions are used to simplify the planning process. In this, our Advanced Guide, we will walk you through the process of carefully considering those assumptions so that you may develop a more accurate estimate of your retirement needs. While this process will take longer you will have the chance to really consider your choices and develop a much better understanding of what retirement means to you. As you follow the steps in this guide your results will be stored and used to populate the Advanced Calculator in Step 5.

Let’s Begin by Envisioning Our Retirement

How long will you have to enjoy your retirement? Be prepared to be surprised. Many people underestimate how long they may live.

• Use our Longevity Calculator to estimate your life span

Now that you have a better sense of how long you will have in retirement, take a moment to consider what your retirement life will be like. We have developed a questionnaire to help you consider the many changes and possiblilities ahead.

• Use ICMA-RC’s Retirement Readiness Assessment in 31 Questions to envision how your life in retirement may be

Now that you have a clear vision for your retirement it is time to estimate your expenses