- Tax Planning
- Investments 1: Before you Invest
- Investments 2: Your Investment Plan
- Investments 3: Securities Market Basics
- Investments 4: Bond Basics
- Investments 5: Stock Basics
- Investments 6: Mutual Fund Basics
- Investments 7: Building Your Portfolio
- Investments 8: Picking Financial Assets
- Investments 9: Portfolio Rebalancing and Reporting
- Retirement 1: Basics
- Introduction
- Describe How Retirement Planning Fits into Your Personal Financial Plan
- Understand the Principles of Successful Retirement Planning
- Describe Payout Options Available at Retirement
- Explain the Steps of Successful Retirement Planning
- Step 1: Set Retirement Goals and Estimate How Much You Will Need at Retirement
- Step 2: Estimate Your Current Annual Income Available at Retirement
- Step 3: Estimate Your Total Retirement Needs After Inflation
- Step 4: Determine How Much You Have Already Saved for Retirement
- Step 5: Estimate the Value of Your Home
- Step 6: Determine How Much You Still Need to Save
- Step 7: Determine Your Optimal Investment Vehicles and Begin Saving Now
- Understand One Method of Monitoring Your Retirement Planning Progress
- Summary
- Assignments
- Retirement 2: Social Security
- Retirement 3: Employer Qualified Plans
- Retirement 4: Individual and Small Business Plans
- Estate Planning Basics
Step 7: Determine Your Optimal Investment Vehicles and Begin Saving Now
Finally, using the priorities of money and the investment hourglass, determine which investment vehicles and financial assets will help you achieve your retirement goals most efficiently. Then begin saving!
To help you in your retirement planning, see Learning Tool 6: Retirement Planning Needs Worksheet. This Excel worksheet helps you determine how much you must save each month to achieve a specific lifestyle at retirement based on certain estimates, including years until retirement, expected return, inflation, and tax rates. This worksheet is modeled after the steps of successful retirement planning discussed in this section; the necessary calculations are performed with Excel instead of with a financial calculator.
