Actions to Take During the Five Years Prior to Retirement


Actions to Take During the Five Years Prior to RetirementActions to Take During the Five Years Prior to Retirement

Transitioning to retirement from a working career is a challenge for many people. To help, The New York Times interviewed financial advisers, economists and retirees to create what they described as a “five-year countdown to retirement.” We’ll share their suggestions along with a few comments of our own.

Using the Arnexa Retirement Planning Tool in Google Sheets

Sridhar Ramakrishnan

Arnexa is a company based in Silicon Valley, California, that helps users prosper financially through smarter tools and information. Their flagship tool is a savings app that nudges people to save more using ideas and principles from behavioral economics, gamification and social feedback. A smart retirement calculator, described here, is their second tool. This article from AAII’s Computerized Investing offers an overview of the service.

Student Loan Debt Reduces Retirement SavingsStudent Loan Debt Reduces Retirement Savings

A recent study shows that having a student loan reduces the amount college graduates set aside for retirement at age 30. Graduates with no debt at age 25 were much further ahead on saving for retirement.

Delaying Retirement, But Not Your Retirement Dreams

Many investors today who had planned to retire early at 62 when they became eligible for Social Security benefits—albeit at a reduced rate compared with retiring at full retirement age—are discovering that those benefits, combined with their retirement savings, cannot support the lifestyle they expected or provide the financial cushion they desire in retirement.

Our Member Question for this week is:

What is your biggest concern about retirement?


Vote to answer this week’s Special Question: What is the most important financial decision you have made to lessen the potential of your biggest retirement concern coming to pass?

Last Week’s Results:

Poll results are as of 9 a.m. (Central) on Monday. 1,398 respondents.

AAII Survey: Majority of Retail Investors Satisfied With Broker Services

Are you satisfied with the services provided by your broker(s)? What was the primary reason why you chose the broker that you did? Last week’s AAII survey question and special question dove into whether our readers are happy with the “extras” their broker offers and what led them to select the broker they use.

AAII e-book: Profitable Retirement Planning

This e-book, which is available exclusively to AAII members, was written to help our members achieve a financially secure retirement. The book offers an overview of many of the primary considerations for retirement planning, including: how much you need to save; where your retirement income will come from; which asset classes you should invest in; and what you should take advantage of in your company’s defined contribution plan (if available).




The AAII Weekly Digest is one of the many benefits of AAII membership. To learn more, consider a 30-day Trial AAII Membership to start becoming an effective manager of your own assets.


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