Concerts & Events Music & Musicians Plan Your Experience Support & Volunteer Education & Community Partners About Us
             
Forward this article to a friend   Print version   Increase font size  Decrease font size 

Planning for a Financially Secure Retirement

Being ready for a financially secure retirement takes planning that begins early and never really ends. Children grow up. Incomes rise or fall. The time left between work and retirement narrows. But let's focus on best practices during the ages of 55 to 69.

Ages 55–59

  • Now is the time to save aggressively for retirement. You're probably in your peak earning years, so put away as much as possible as often as you can. And be sure to take advantage of so-called "catch-up" clauses that allow you to increase contributions to retirement plans.
  • Look at your current spending and estimate whether your retirement needs will be met by income from Social Security, savings and withdrawals from your retirement plan.
  • Shift to a more conservative investment strategy as retirement nears.

Ages 60–69

  • Consult with a financial planner at least five years before you retire to make sure you are on a sound financial track.
  • Consider long-term care insurance.
  • Make sure your will and estate planning documents reflect your current wishes.
  • Contact Cincinnati Symphony Orchestra for charitable giving strategies that will benefit you, your heirs and our mission.

The U.S. Social Security Administration's website can help you estimate the amount of monthly benefits you'll receive from Social Security.

  • Go to www.socialsecurity.gov/estimator.
  • Click on "Estimate Your Retirement Benefits" (button in the middle of the page).
  • Be ready to provide your name, Social Security number, date and place of birth, and mother's maiden name.
  • With a few more clicks, you get an estimate of your future benefits.



Copyright © The Stelter Company, All rights reserved.

The information on this website is not intended as legal or tax advice. For legal or tax advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes apply to federal taxes only. State income/estate taxes or state law may impact your results.


Bookmark and Share
 
Gift Planning
 
Ways to Give
What to Give
Estate Planning
Explore Your Options
Resources
Why We Give
The Thomas Schippers Legacy Society
For Professional Advisors
Contact Us

eBrochures
 

GET STARTED

FREE Estate Planning Kit

 
 
 
The Louise Dieterle Nippert Musical Arts Fund
 
             
  Concerts & Events Support & Volunteer Tickets Education & Community About Us  
  CSO Donate Single Tickets Young People's Concerts Contact Us  
Pops Annual Fund CSO Series Educator Workshops Privacy Policy  
CSO Chamber Players Special Funds Pops Series Musicians in Schools E-News  
Lollipops Family Concerts Endowing the Future Group Sales Youth Orchestra Music Hall  
Open Door Concerts Corporate Support Box Office Info Nouveau Chamber Players    
New Year's Eve Volunteer        
Community Concerts Friends of the Pops Conductors Media Room    
Parties of Note Multi-Cultural Musicians Releases    
  Pride Night CSOEncore! Store Noteworthy    
 
 
Copyright 2012 Cincinnati Symphony & Pops Orchestra
1241 Elm St. Cincinnati, OH 45202
General Information 513.621.1919 Box Office 513.381.3300