For those who want to get information about Fidelity Retirement plan services, you have to read this entire article. In this page we are going to explain some information about that. So, make sure you are going to keep staying on this page.
Overview – Retirement Planning
Planning for retirement is an ongoing journey. Fidelity Investments are here to help you feel prepared every step of the way. Having a flexible plan for retirement will be able to help prepare you to reach your goals, whether you are saving or already retired. Let us see how small changes could increase your outlook. To get started, simply you are able to click at the blue Get Started button. Then, you are going to be asked to login to your account. If you are a new user of Fidelity, then you have to register now.
Where are you in your retirement journey?
- I am saving for retirement
It will not too early or too late for you to start saving. Fidelity will help you make a plan based on how far away you are from retirement.
- I am retired or nearing retirement
Fidelity is going to see how much you have saved, how much you need, and help you create an income plan for cash flow which is designed to last.
Here are some Retirement resources:
- Retirement readiness
You will be able to see if you are on track with your saving goals in only 60 seconds. Please answer six simple questions to get your score and additional steps to consider as you save for retirement.
- Income in retirement
Are you ready to get retirement? Simply, you are able to start by calculating your monthly cash flow. They are going to help you explore methods to impact how much money you could have every month using a mix of predictable income and savings. Social Security, pensions, and annuities are some methods to build your predictable income, which is not subject to market movement and can last as long as you do.
- Social Security
You will be able to estimate your benefit and how it will change at different claiming ages. By the way, when should you claim social security? Now, try to answer five questions to learn more.
Three keys to your retirement income plan
Here are some keys to retirement income plan:
- A retirement income plan must include guaranteed income, growth potential, and flexibility.
- Prepare for life’s eventual curveballs with a retirement plan which combines income from several sources.
- Take into consideration working with a financial advisor on your retirement income plan.
Of course, we all know that there is no one-size-fits-all retirement. Now, you may want to travel the world. Also, your neighbour may want to garden and read. Likewise, there is no one-size-fits-all retirement plan. Discovering the right mix for you depends on a myriad of factors including your savings, expenses, health, family, and values.
The good news is that whatever your situation, you are able to help improve your retirement readiness by learning approximately three essential building blocks for retirement income plans. If you combine them, it will give a combination of guaranteed income, growth potential, and the flexibility to set as your needs change.
We trust a solid retirement income plan must provide three things:
- Guarantees to make sure the core expenses are covered well.
- Growth potential to fulfil long-term needs and legacy.
- Flexibility to set your plan as needed.
Retirement calculators and tools
Calculators and tools of Fidelity are going to help you take the guesswork out of saving for retirement. Also, they are going to help building an income strategy to meet your needs.
Here are all retirement calculators and tools:
- Financial Health Assessment
This tool will identify where you are prepared and where you might need to create some adjustments with a customized assessment of your financial plan.
- Guaranteed Income Estimator
You will be able to get an estimate for guaranteed income payments you are able to receive through a fixed income annuity (guarantees are subject to the claims-paying ability of the issuing insurance company).
- Inherited IRA RMD Calculator
With this calculator, you will be able to determine your estimated required minimum distribution from an Inherited IRA.
- IRA Contribution Calculator
You have to answer several questions in the IRA Contribution Calculator to find out whether a Roth or traditional IRA might be right for you, based on how much you are eligible to contribute and how much you might be able to deduct on your taxes.
- Planning and Guidance Center
You will be able to get a holistic view of your retirement plan and also explore changes which may help you become better prepared.
- Required Minimum Distribution (RMD) Calculator
With this calculator, you will be able to determine your required retirement account withdrawals after age 72.
- Retirement Income Calculator
With this calculator, you will be able to get a quick estimate of how much you could have to spend every month and explore methods to impact your cash flow in retirement.
- Roth Conversion Calculator
You have to understand the potential outcomes which a Roth Conversion could have on your financial outlook so that you are able to decide whether one is right for you.
- Savings Planner
You are able to take several minutes to tell them your priorities and they are going to help you make a plan to save and pay down debt.
- Social Security Benefits Calculator
You will be able to compare estimated monthly and lifetime benefits at different claiming ages, and then see how other factors may affect your benefits amount.
- Substantially Equal Periodic Payments Calculator
For those who want to tap into retirement savings prior to 59½ and also want to avoid an early distribution penalty, this calculator is able to be used to determine the allowable distribution amounts under code 72(t).
- The Fidelity Retirement ScoreSM
Not a Fidelity customer? Simply, you are able to check the status of your retirement plan by answering six questions. Then, you are going to get your Retirement Score with the next steps to consider.
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