Living in Retirement

Are you ready for retirement?

5 things to consider before you retire.
Retirement Overview > Living in Retirement
1

Give your retirement savings a checkup

Today, retirees in their 60s can expect to live 20 or more years after retirement. Because of increasing longevity, managing cash flow is more important than ever. While many variables come into play, there are a number of planning moves that can help retirees live within their means. But the first step in making the most of your strategy is knowing how much you'll need to enjoy your retirement—and our retirement calculator can help.

Have you saved enough
for your retirement?

Calculate your personal retirement number
Calculate how much you may need to retire.
2

Rebalance your portfolio

Investing in the early years of retirement can help you generate returns and grow your nest egg. But you also want to ensure you're not being overly aggressive with your investments. So while experts often recommend balancing your portfolio with a diversified mix of stocks, bonds and cash, you'll want to make sure your portfolio is balanced or aligned to your investment goals, risk tolerance and time horizon. That's where our Asset Allocator™ Tool can help.2
Looking to simplify investing?
Consider Merrill Edge Select® Portfolios—Meet with a Merrill Edge Financial Solutions Advisor to select a diversified portfolio of investments aligned to your investment goals, time horizon, risk tolerance and liquidity needs—pre-screened, monitored and adjusted by the professionals at Merrill Lynch.
Try our Asset Allocation Tool

What's your ideal asset allocation?

Learn how to improve your portfolio's performance based on your investment style and risk tolerance.
3

Consider the cost of healthcare

You've worked hard to plan for your retirement, but you still have a lot to think about. You may want to consider focusing on the cost of health care coverage, Social Security, Medicare and other important topics associated with living in retirement.

Stay ahead of tomorrow's healthcare costs

Managing healthcare costs
5 steps to help manage the impact of future healthcare costs
4

Understand mandatory distribution rules

If you are age 70½ or older and are subject to required minimum distributions (RMDs), withdrawals from Traditional IRAs will need to be considered first—at least up to the amount of the RMD. Failure to withdraw the required minimum amount annually may result in substantial tax penalties.
Calculate your RMD

Withdraw now or wait until later?

Get an idea of how much you must withdraw with our RMD calculator
5

Leave a lasting legacy for your loved ones

If you'd like to leave something to the people that mean the most to you, consider meeting with an attorney to craft a sound financial strategy that includes trust and estate planning. With some forethought, you may be able to minimize gift and estate taxes and preserve more of your assets for those you care about.
Estate planning checklist

Let others know your checklist of future wishes

Take the first step with our estate planning checklist. Read the article
 
Ready to get started?
Looking for investment advice and guidance?
Pursue your financial goals with advice and guidance from a licensed Merrill
Edge Financial Solutions Advisor™, and ask about getting your own personalized
Merrill Edge Roadmap® to help you get on track — and stay on track.3
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Simplify your investing
Take the guesswork out of finding quality funds:
1 You have choices for what to do with your employer sponsored retirement plan. Depending on your financial circumstances, needs and goals, you may choose to roll over to an IRA or convert to a Roth, roll over to an employer sponsored plan from a prior employer to an employer sponsored plan at your new employer, take a distribution or leave the account where it is. Each choice may offer different investment options and services, fees and expenses, withdrawal options, required minimum distributions, tax treatment and provide different protection from creditors and legal judgments. These are complex choices and should be considered with care. Visit http://www.merrilledge.com/retirement/rollover-ira or call a Merrill Edge rollover specialist at 1.888.637.3343 for additional information about your choices.

2 Asset allocation, diversification and rebalancing does not ensure a profit or protect against loss in declining markets.

3 Merrill Edge Roadmap participation requires a Merrill Edge Advisory Center™ account.

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