8 Key Areas Where Americans Want Assistance With Retirement Planning

1. Calculating how much money I need to save for retirement

Where you intend to retire, your expenses, and your health all have a significant impact on the amount.

2. Receiving specific advice on how to invest my 401(k)

You may not be optimizing your profits if you don't know how to manage your work-sponsored 401(k), individual retirement account (IRA), or other investment accounts.

3. Determining at what age I can afford to retire

There is no mandatory retirement age. You can stop working whenever you choose as long as you have enough money.

4. Figuring out how to create an income stream in retirement

Many new retirees who leave their current company may not necessarily desire to quit working totally.

5. Figuring out what my expenses will be in retirement

Your current and future selves may not be on the same financial footing.

6. Anticipating tax expenses in retirement

The taxation of your retirement income might have a significant impact on your retirement planning.

7. Figuring out how new legislation affects my retirement plan

One of the inherent hazards of budgeting for a distant event in this case, retirement is that a lot can happen between now and then.

8. Managing my current expenses so I can save more

Retirement may seem far away, but if you're too focused on the here and now, it's tough to plan for the future.