A retirement paycheck is a practical way to think about how you will pay yourself during your retirement years.

Click below to learn how each factor works together to optimize your retirement paycheck.

How My Paycheck Works

A retirement paycheck is a practical way to think about how you will pay yourself during your retirement years. Click on each icon to learn how these decision areas work together to optimize your paycheck.

SOCIAL
SECURITY

How does Social Security contribute to My Retirement Paycheck?

HOME &
MORTGAGE

home and mortgage

How does Home and Mortgage contribute to My Retirement Paycheck?

INSURANCE

insurance

How does Insurance contribute to My Retirement Paycheck?

RETIREMENT
PLANS

retirement plan

How do Retirement Plans contribute to My Retirement Paycheck?

SAVINGS &
INVESTMENTS

savings

How do Savings and Investments contribute to My Retirement Paycheck?

DEBT

debt

How does Debt contribute to My Retirement Paycheck?

FRAUD

fraud

How does Fraud contribute to My Retirement Paycheck?

WORK

work

How does Work contribute to My Retirement Paycheck?

home and mortgage

Home and Mortgage

A house may be your biggest asset, but be careful about viewing the value of your house as if it were your retirement plan—you still have to live somewhere! Housing prices fluctuate and you need other forms of savings. It's best to plan that a home's equity is one of the last assets you use in your retirement. Learn More

insurance

Insurance

Your retirement spending plan is not complete until you know how you will pay for medical and long-term care needs. Insurance companies also sell many forms of annuities. Putting at least part of your retirement savings into an immediate fixed annuity that will give you a monthly payment for the rest of your life creates a regular source of income. Learn More

retirement plan

Retirement Plan

Don't "cash out" your retirement 401(k) savings before age 59½. This will always cost you money, and there are better ways to pay yourself through your retirement years, including using a rollover or keeping money in your company plan. Learn More

savings

Savings and Investments

You do not know whether your retirement will last less than 10 years or more than 40 years. To be prepared for reaching advanced age, continue saving and making wise investments even during your retirement. At retirement, most retirees still need to invest in diversified assets that may need to last decades or help weather investment market turmoil. Learn More

debt

Debt

To maintain a predictable cash flow in your retirement years, make every effort to pay off you consumer and credit card debt before you retire, and don't borrow money during retirement unless you know precisely how you'll pay it back. Consider the 10 years before retirement as your "debt-reduction" decade. Learn More

fraud

Fraud

You've worked hard building up your retirement assets. Now you need to protect them. Older Americans-even those who are experienced with investing and are financially literate-are highly targeted by scammers, misleading advertising, and fraud, so be especially on guard. Make no money decisions quickly, and never without getting a second or third opinion from people you trust. If it sounds too good to be true, it almost always is. Learn More

Work

Work

If you are healthy, aim to work at least until your full retirement age. It produces many benefits, including prolonging any health care coverage you have, building your retirement assets, and increasing your ability to reduce debt. Learn More