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Retirement Roadmap

Getting ready to retire

You spent a lifetime getting ready for retirement. Now as you near or enter this next chapter, you'll need to learn new strategies for turning savings into income that can last your lifetime. There are new rules of the road—including how to maximize Social Security and Medicare, minimize taxes on your withdrawals, and avoid penalties on minimum distributions from your retirement accounts. Get them right from the start. That way you can enjoy spending your money and perhaps leave your loved ones a legacy, too.

Take control
For most Americans, generous pension plans have gone the way of the gold watch at retirement. Most likely you will need to generate your own retirement paycheck through a mix of guaranteed income, including Social Security, and your savings.

Manage risks
Some risks loom larger in retirement than during your working years, like inflation, taxes, health care costs, and market drops. Managing them is key to success.
Investing involves risk, including risk of loss.
Fidelity does not provide legal or tax advice, and the information provided above is general in nature and should not be considered legal or tax advice. Consult an attorney or tax professional regarding your specific legal or tax situation.
Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917
651804.6.1
Map out your strategy
Now’s the time to put pen to paper and begin estimating how much you will really need in retirement—and how to fill any gap.

Get tactical
Making the turn into retirement means turning savings and other assets into an income stream you can’t outlive.

Get tax smart
Taxes and inflation can eat away returns in retirement. So, it's all the more important that you focus on investment strategies that help maximize real, after-tax returns.

Maximize Social Security
If possible postpone taking Social Security until 70—and make the most of strategies for singles and couples.

Consider annuities
Plan to cover your essential expenses with income sources like Social Security, pensions, and annuities.

Plan for retiree health costs
Medicare does not cover all retiree health costs, which can be significant. So planning for this expense is key to your financial well-being.
Investing involves risk, including risk of loss.
Fidelity does not provide legal or tax advice, and the information provided above is general in nature and should not be considered legal or tax advice. Consult an attorney or tax professional regarding your specific legal or tax situation.
Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917
651804.6.1
Guarantee some income
Plan to cover your essential expenses with income sources like Social Security, pensions, and annuities.

Manage withdrawals wisely
Learn how to manage portfolio withdrawals with taxes and your goals in mind.

Simplify your cash flow
With income flowing from many different places—Social Security, pensions, savings withdrawals, perhaps a pay check—it may be wise to consolidate.

Manage health care costs
Retirees are now spending more for health care than food. So managing this expense wisely is key to your financial well-being.

Trusts and Estates
What kind of legacy do you want to leave? Given changes in estate tax laws, you may want to revisit your will and estate plan, and consider a variety of trusts.
Investing involves risk, including risk of loss.
Fidelity does not provide legal or tax advice, and the information provided above is general in nature and should not be considered legal or tax advice. Consult an attorney or tax professional regarding your specific legal or tax situation.
Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917
651804.6.1