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
Have you saved enough
for your retirement?
Calculate how much you may need to retire.
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
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.
What's your ideal asset allocation?
Learn how to improve your portfolio's performance based on your investment style and risk tolerance.
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
5 steps to help manage the impact of future healthcare costs
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.
Withdraw now or wait until later?
Get an idea of how much you must withdraw with our RMD calculator
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.
Let others know your checklist of future wishes