Retirement Plan: 5 Mini-Plans in Every Big Plan

When it comes to proper retirement planning, there are 5 key parts to get right so that you can feel confident that you're not missing anything.  They are:

1. The Income Plan (Social Security, Pension, Income from Investments to fill GAP)
2. The Investment Plan
3. The Tax Plan (Taxable, Tax-Deferred, Tax Free, Social Security Taxation, IRA Taxation, Medicare Taxation)
4. The Healthcare Plan (Medicare, Long Term Care)
5. The Legacy/Charitable Estate Plan

If your plan includes these 5 key parts, you'll feel good knowing that you have a comprehensive plan in place.