Build Retirement Wealth: 7 Steps of Retirement Planning - My Financial Shape

Abstract

Retirement planning is a process that involves multiple steps, each evolving as you growcloser to your retirement. Rick Pendykoski is the owner of Self Directed Retirement Plans LLC, a retirementplanning firm based in Goodyear, AZ. See the Author Bio below the article. 7 Steps to Building Retirement Wealth Reaching your retirement goals might take longer or sooner depending on your income andthe challenges you face throughout your life. You'll get there if you take these seventhings to build retirement wealth. Save for Retirement Once you have set aside money for retirement, it's time to invest in retirement accounts likea self-directed IRA and a self-directed 401(k). A higher income in retirement can also have tax implications on your Social Security benefitsand increase your Medicare premiums. Author Bio: Rick Pendykoski is the owner of Self Directed Retirement Plans LLC, a retirementplanning firm based in Goodyear, AZ. He regularly writes for his own blog of Self DirectedRetirement Plans and as a guest blogger to many sites in the niche of finance.