Finance
Facing Your Retirement Fears
From sorting out finances to finding a purpose in later years, these tips may help with a sometimes-worrying journey.
Ready to make the move? This expert advice can help.
Download a copy of our Estate Planning Guide (Premium/Life member exclusive).
Retirement planning is the process of developing your retirement investing and savings goals and programs for a future retirement. Plus, it will help you create income and make your assets last throughout your retirement years. Sources of retirement income can include:
Even if you plan to make the military a career, don't assume that you military retired pay and Social Security will be enough to meet your needs. Too many people wait until their mid-to-late 40s to start seriously planning their retirement. This is a big mistake. Saving $250 a month at age 25 will yield approximately $872,000 at age 65 with an 8 percent return. Waiting until age 45 to start saving yields only $147,000 at age 65 - a $725,000 difference!
Below you'll find articles, publications, links and more as you begin your planning. Some of the resources are available only to MOAA Premium and Life members; click to learn more about the benefits of membership.
From sorting out finances to finding a purpose in later years, these tips may help with a sometimes-worrying journey.
This updated MOAA resource includes a new deadline for Federal Long Term Care Insurance Program (FLTCIP) enrollees.
Anyone receiving retirement pay who hasn’t already enrolled in the SBP may take advantage of the open season in 2023.
Learn the basics on this important transition.
Join the retirement debate. You might pick up a few tips along the way.
MOAA's financial expert breaks down your options.