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  2. How to Create Your Own Retirement Income Plan - AOL

    www.aol.com/create-own-retirement-income-plan...

    Your costs of living will drop somewhat in retirement, so a rule of thumb is that you will need about 80% of your current income to maintain your current lifestyle. So, say that you make $100,000 ...

  3. A complete guide to 401(k) retirement plans: What is a ... - AOL

    www.aol.com/finance/complete-guide-401-k...

    A 401 (k) plan is a tax-advantaged retirement savings tool offered by employers that allows eligible employees to contribute a portion of their salary up to a set amount each year. Unlike ...

  4. 35 Retirement Planning Mistakes You’re Wasting Money On - AOL

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    For example, if your full retirement age is 67 and you start your retirement benefits at 62, prepare for your monthly benefit amount to be reduced by about 30%. Drazen_ / iStock.com 21.

  5. Building a Retirement Game Plan: 4 Steps To Take Now - AOL

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    If you plan to maintain your current standard of living in retirement, you’ll need 70% to 90% of your pre-retirement income, according to the U.S. Department of Labor. If you’re currently ...

  6. 10 Retirement Planning Steps To Take in Your 40s - AOL

    www.aol.com/finance/10-retirement-planning-steps...

    Lower Your Debt. When you're in your 40s, it's not enough to put money aside for retirement. You also need to tackle outstanding debt. "Start with the basics. Get on a budget, pay off your debt ...

  7. How to Create Your Own Retirement Income Plan - AOL

    www.aol.com/finance/create-own-retirement-income...

    First there's your savings plan – how you will build wealth and set money aside over time. This is, of course, critical. Then, there's your income plan, or how you […]

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