Friday, May 2, 2025

Planning for a Secure Retirement: A Comprehensive Guide

Retirement marks a significant transition in life, offering new freedoms and opportunities. However, this period of life also necessitates careful planning to ensure financial security and overall well-being. Proactive preparation across various aspects, beyond just economic considerations, is essential for a confident and fulfilling retirement journey.  Here are some websites that may help my American neighbours.

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28.          Social Security Entitlement | Supplemental Security Income (SSI) - SSA, accessed April 21, 2025, https://www.ssa.gov/ssi/text-entitle-ussi.htm

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33.          Check eligibility for Social Security benefits - SSA, accessed April 21, 2025, https://www.ssa.gov/prepare/check-eligibility-for-benefits

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36.          Eight Strategies for Deciding When to File For Social Security - Kiplinger, accessed April 21, 2025, https://www.kiplinger.com/retirement/social-security/strategies-for-deciding-when-to-file-for-social-security

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38.          How can I create a smarter strategy for claiming my Social Security benefits? | T. Rowe Price, accessed April 21, 2025, https://www.troweprice.com/personal-investing/resources/insights/how-can-i-create-a-smarter-strategy-for-claiming-my-social-security-benefits.html

39.          Social Security strategies for Married Couples - Vanguard, accessed April 21, 2025, https://investor.vanguard.com/investor-resources-education/social-security/strategies-for-married-couples

40.          SOCIAL SECURITY CLAIMING GUIDE - Center for Retirement Research, accessed April 21, 2025, https://crr.bc.edu/wp-content/uploads/2011/08/claiming-guide_080218_WEB.pdf

41.          How to Maximize Social Security Benefits - Investopedia, accessed April 21, 2025, https://www.investopedia.com/articles/retirement/08/unusual-social-security-strategies.asp

42.          10 Strategies to Maximize Social Security Benefits - SmartAsset, accessed April 21, 2025, https://smartasset.com/retirement/social-security-strategies

43.          Filing Rules for Retirement and Spouses Benefits - SSA, accessed April 21, 2025, https://www.ssa.gov/benefits/retirement/planner/claiming.html

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46.          Defined-Benefit vs. Defined-Contribution Plans: What's the Difference?, accessed April 21, 2025, https://www.investopedia.com/ask/answers/032415/how-does-defined-benefit-pension-plan-differ-defined-contribution-plan.asp

47.          Defined benefit vs. defined contribution plan: What's the difference? - Thrivent Financial, accessed April 21, 2025, https://www.thrivent.com/insights/retirement-planning/defined-benefit-vs-defined-contribution-plan-whats-the-difference

48.          Defined benefit vs. defined contribution: What is the best pension? - Fidelity Investments, accessed April 21, 2025, https://www.fidelity.ca/en/insights/articles/defined-benefit-vs-contribution/

49.          Defined Benefit versus Defined Contribution Pension Plans: What are the Real Trade-offs? - National Bureau of Economic Research, accessed April 21, 2025, https://www.nber.org/system/files/chapters/c6047/c6047.pdf

50.          Defined Benefit vs. Defined Contribution Plans: Understanding the Differences, accessed April 21, 2025, https://www.mwraretirement.com/general/page/defined-benefit-vs-defined-contribution-plans-understanding-differences

51.          VRS Member News | February | Know the Difference: Defined Benefit and Defined Contribution - Virginia Retirement System, accessed April 21, 2025, https://news.varetire.org/member-news/2024/february/know-the-difference-defined-benefit-and-defined-contribution.html

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53.          Retirement savings vehicles: The basics | Voya.com, accessed April 21, 2025, https://www.voya.com/article/retirement-savings-vehicles-basics

54.          401(k) vs. IRA: What's the Difference? - Investopedia, accessed April 21, 2025, https://www.investopedia.com/ask/answers/12/401k.asp

55.          401(k) and IRAs: Retirement Savings Accounts | Tax Foundation, accessed April 21, 2025, https://taxfoundation.org/data/all/federal/401k-ira-retirement-savings-accounts/

56.          9 Types of Retirement Accounts You Should Know - Northwestern Mutual, accessed April 21, 2025, https://www.northwesternmutual.com/life-and-money/9-types-of-retirement-accounts-you-should-know/

57.          Retirement account types: Which is best for you? - Fidelity Investments, accessed April 21, 2025, https://www.fidelity.com/learning-center/smart-money/retirement-accounts

58.          Saving for Retirement: IRAs, 401(k)s, and More | Charles Schwab, accessed April 21, 2025, https://www.schwab.com/learn/story/saving-retirement-ira-vs-401k

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69.          How to Budget for Retirement Expenses: What to Know, accessed April 21, 2025, https://www.westernsouthern.com/retirement/retirement-budget

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