PlanEasy's Retirement Roadmap shows you a few basic tips for every major stage of your life...so that you can better position yourself for an enjoyable and fulfilling retirement:


In further detail:

  • You're born!


  • Graduate college 

    - In your first job, start contributing regularly to 401(k) from your salary, ideally with an employer match (it's free money)
    - Estimate a future target amount for your retirement savings (the amount you need many years from now that will allow you to retire); try our retirement calculator, which will require a rough estimate of your retirement living expenses/budget
    - The goal is to get a rough idea early on of what you need to save and invest from each paycheck
    - Consider IRA, Roth IRA options; pay attention to taxes today and in the future

  • Get married

    - Get a will (create a PlanEasy will for free now) to help your spouse avoid lengthy probate
    - Get life insurance to fund your spouse's living expenses, in case you pass away prematurely
    - Get a AHCD (medical power of attorney) & DFPOA (financial power of attorney) in case you become incapacitated
    - Re-visit current & target retirement savings - are you on track?  An advisor or financial professional may also be helpful

  • Have first child

    - If you have not done yet, name your child's guardian in your will, in case you and your spouse pass away; don't leave it up to the state to decide
    - Increase your life insurance coverage to fund your child's expenses
    - Re-visit current & target retirement savings - are you on track?

  • Have second child (or more)

    - Re-visit will to ensure proper estate transfer instructions; remember the will names beneficiaries for your assets that do not have named beneficiaries already
    - Increase your life insurance coverage to fund second child's expenses

  • Along the way

    - Continue to monitor your retirement savings, ideally with guidance of an advisor
    - Ensure your allocations match your decreasing risk tolerance & adjust to plug any retirement funding shortfalls

  • Enjoy retirement!


These are merely starting points as tips, as every person's situation will be different. But generally speaking these steps are suitable for many people to cover their initial bases. Speak to a financial advisor/professional or a retirement specialist to ensure you've covered everything and see if your situation needs more bespoke customized solutions. Call us at 402-235-5150 or email us at support@planeasy.com if you have any questions, as we at PlanEasy are retirement planning experts that have helped numerous customers like yourself get confidence in their ability to reach their retirement goals.