Here are some details for each step.
- Set your Retirement Goals. …
- Assess your Current Financial Position. …
- Identify Retirement Income Sources. …
- Evaluate Retirement Risks. …
- Understand Health Care Issues. …
- Invest your Retirement Assets. …
- Manage your Retirement Income. …
- Monitor your Retirement Assets.
Beside above, can I retire on $10000 a month?
If you’d like to retire early and have $10,000 per month, you’ll need a solid plan — and perhaps a little bit of luck as well. After all, to sustainably generate $10,000 per month, you’ll need a portfolio with millions of dollars in it.
Similarly, what is best investment for retirement? Pros: A traditional IRA is a very popular account to invest for retirement, because it offers some valuable tax benefits, and it also allows you to purchase an almost-limitless number of investments – stocks, bonds, CDs, real estate and still other things.