Retirement

Sometimes people end their relationship with their employer because they decide to retire. Being financially secure in retirement can take a lot of planning, so it’s a good idea to start thinking about retirement well before your retirement happens.

Many resources exist that can help you plan for retirement.

• The U.S. Employee Benefits Security Administration has a “Preparing for Retirement” page on their website that links out to videos, tools, and guides that discuss retirement.
• The U.S. Department of Labor also has a Savings Matter website that includes information for workers and employers on retirement savings.

The Employee Benefits Security Administration provides the following "Top 10 Ways to Prepare for Retirement":

1. Start saving, keep saving, and stick to your goals
2. Know your retirement needs
3. Contribute to your employer's retirement plan
4. Learn about your employer's pension plan
5. Consider basic investment principles
6. Don't touch your retirement savings
7. Ask your employer to start a plan
8. Put money into an individual Retirement Account
9. Find out about your Social Security benefits
10. Ask Questions

Visit the People’s Law Library’s pages on Social Security and Medicare for more information on those topics. Pages on other life planning topics may also be helpful as you think about the future.