Your Vision for Retirement
It's a new world of retirement, so as you move along on your life path, it may be time to start thinking seriously about what you want your retirement to look like. With the amazing reality of longevity and millions more living well into their 80s, 90s or longer, the challenge is achieving the retirement you want – however you define it.
Define Your Retirement
With the BlackRock Define Your Retirement™ tool you can do just that – visualize your actual retirement by considering such questions as:
- How will I spend my time in retirement?
- Where will I live in retirement?
- At what age do I want to retire?
- What will be my basic retirement needs and sources of income?
- What risks could get in the way of reaching my retirement goals?
Once you've defined your retirement, a Personal Summary Profile maps out your objectives, concerns and topics for review with your financial advisor. The answers you reach can help you build a personalized plan to anticipate how much annual income you may need to support the lifestyle you want.
A good retirement plan will first identify what is most important – and achievable – for you. It will then help you focus on the financial goals and strategies for saving and investing that can help support the retirement you define.
Every day is an opportunity to build your savings so you can live your retirement dreams. So, regardless of where you are on your life path, it's never too early to start planning – and no action is too small.