Pat Sweeting Reporting

When is the best time to begin mapping-out your retirement plan?  The Financial Planning Association recommends that retirement planning begin in the mid-20’s.
There are various ways to put money aside toward retirement:  Individual Retirement Accounts (or IRA’s) — either a Roth or a Traditional. There’s also the employer-sponsored 401K to which your company makes matching contributions.
And don’t forget to include health care cost coverage in your retirement plans. Your current health insurance company may offer a special individual plan or a tax free Health Savings Account. Organizations like AARP or your Area Agency on Aging may be a good sources for information or referrals.
If you don’t already have a life-insurance policy, consider what your needs may be later in life. Will your burial costs be covered? Will there be sufficient income following your death to provide for your dependents? 
These are just a few of the pre-retirement topics it’s recommended you discuss with a certified financial planner in order to make your transition into retirement as hassle-free as possible.

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