Retirement can be an exciting time of life, and planning for it can come with a lot of questions. Understanding your employer-sponsored retirement benefits, healthcare benefits, and other retirement savings all play a role in managing your personal budget for those retirement years. On this page, you will find answers to important questions and additional resources that will help you learn how to take the best advantage of your retirement plan at work, and what to do if your employer does not offer one. There is no such thing as starting to save too early or too late for retirement. The only mistake is not starting at all! Whatever your age, you can take steps now toward a more secure financial future.
Frequently Asked Questions
- What You Should Know About Your Retirement Plan helps you understand your employer’s plan and provides resources if you have questions. The Internal Revenue Service also provides resources and information on the tax issues related to pensions, 401(k)s and IRAs. To better understand your accounts, review the Tracking Down Today’s Money chapter of Taking the Mystery Out of Retirement Planning.
- A Look at 401(k) Fees explains fees and expenses and the ways they are charged. It will help you understand how fees affect your retirement savings.
- Saving Matters provides information on preparing for retirement later in life and actions you can take if your retirement savings don’t yet meet your retirement needs.