A basic savings plan is the most common strategy for planning your retirement income. A savings plan can be set up at anytime and with banks offering automatic savings options, this is one of the easiest strategies to implement. Savings plans are budget friendly and easy to manipulate and change over time.

Tax planning strategies bring simple choices to retirement planning. This is due to the many options available through tax preparation companies and tax accountants. There are various savings plans, options to directly deposit tax returns into savings accounts and savings programs that utilize 401k options. These various options create avenues for retirement planning that would not have been considered in normal savings options.

Asset investments that are easy to liquidate during retirement are a good strategy option for retirement planning. If you have the ability to invest in real estate, stocks, bonds and investment opportunities throughout your career then take them. When an asset investment strategy is combined with other strategies, the investments can provide a nice cushion and safety net during retirement years for unexpected financial issues.

Health Savings Accounts have opened a new avenue of retirement planning strategy options. This is especially true when you are not only planning for basic retirement income, but also for medical issues that could drain the income you have worked so hard to create. An HSA has several benefits including a roll-over plan and the ability to cash out the plan at anytime.