Plan for Retirement Like a Pro

Actuaries use present value to calculate the worth of future payouts. But people who wouldn't know a calculator from a remote control can use it, too.

Happy senior couple walking on beach
(Image credit: Getty Images/iStockphoto)

I've always been a horrible decision maker. My approach is to over-research, change my mind a few times and, if possible, kick the can down the road. This tendency to dither makes retirement planning a challenge. Should I count on working longer or retiring on a particular date? Downsize or stay put? Save like crazy or splurge while I can still enjoy it?

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Jane Bennett Clark
Senior Editor, Kiplinger's Personal Finance
The late Jane Bennett Clark, who passed away in March 2017, covered all facets of retirement and wrote a bimonthly column that took a fresh, sometimes provocative look at ways to approach life after a career. She also oversaw the annual Kiplinger rankings for best values in public and private colleges and universities and spearheaded the annual "Best Cities" feature. Clark graduated from Northwestern University.