How to Downsize in Retirement and Enjoy Life More

Tuesday, October 29th, 2013
How to Downsize in Retirement and Enjoy Life MoreThe concept of “downsizing” or living a simpler life is becoming more popular across different segments of American society. More people are realizing that the satisfaction they get from always having the biggest and newest consumer items is often outweighed by the additional time they need to work in order to afford that lifestyle of conspicuous consumption. The same downsizing concepts have also become popular with individuals who have already retired or are about to do so. Remember that by “downsizing” what we’re really referring to is financial downsizing; that is, lowering monthly expenses. With that in mind, here...

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Have You Made An Estate Plan?

Wednesday, October 2nd, 2013
Have You Made An Estate Plan?There’s a common misconception that the estate planning process is only relevant for wealthy individuals and families. That simply isn’t true, and neglecting to come up with your own estate plan can prove to be a mistake with significant financial and personal consequences. Proper estate planning can save you and your family headaches and heartaches down the road. A well considered estate plan makes sure that your family is taken care of and your financial goals are met after you die. This is true regardless of whether you consider yourself to be wealthy or not. An estate plan is generally comprised...

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Do You Need To Still Save Money During Retirement?

Thursday, September 12th, 2013
Do You Need To Still Save Money During RetirementIf you’ve taken charge of your retirement future then you’ll spend thirty or forty years saving money for that wonderful day when you stop working. Once you retire you’re done saving, right? All you need to do now is sit back and enjoy your golden years. While it’s certainly a good idea to enjoy the rest of your life, it’s also generally important to continue trying to save money and budget your finances during retirement. It’s important because you don’t know how long you’re going to live, or how health care expenses are going to impact your retirement nest egg. Here’s...

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Ways to Reduce Your Expenses After Retirement – Live Well on Less

Sunday, August 18th, 2013
Ways to Reduce Your Expenses After RetirementYou’ve worked hard all your life and put plenty of money away for retirement. Good for you. But when it comes time to quit work and enjoy your golden years, you don’t get a free pass to go on a perpetual spending spree. Even if you’ve saved up a large nest egg it’s important to budget carefully, because you never know exactly how long you’ll have to live on it. There are certain expenses that often get lower or disappear altogether when you’re retired. But it’s always a good idea to save money anywhere you can when you’re no longer...

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Retirement Advice to Know if You’re on Track with Your Retirement Savings

Tuesday, June 25th, 2013
Retirement Advice to Know if Youre on Track with Your Retirement SavingsIf someone walked up and asked you how your retirement planning was going, how would you answer? If you’re like the average person, you might not know how to respond. If you’re a bit savvier, you might quote the amount you’ve saved up so far. But do you really know if you’re in a position to retire on schedule? If not, then you’re certainly not alone. Many of us have no clue how much money we need to retire comfortably, much less whether or not we’ll have it when we reach retirement age. Here is some retirement advice and tips...

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Surprising Ways to Boost Your Retirement Savings

Thursday, June 20th, 2013
Surprising Ways to Boost Your Retirement SavingsMaybe you got a late start on your retirement savings. Maybe your retirement fund took a hit courtesy of the recession. Or maybe you’ve just decided that you’d like to have more money when you retire. Whatever the reason may be, if you’re looking for ways to give your retirement savings a boost, you’re not the only one. Winning the lottery would be a wonderful solution, but unfortunately the odds aren’t in your favor. The good news is that there are lots of ways to put some extra money in your retirement fund that are pretty painless. Here is some...

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It’s Never Too Early to Start Saving for Retirement

Monday, June 17th, 2013
Its Never Too Early to Start Saving for RetirementYou probably already know that starting to focus on your retirement savings plan in earnest when you’re 45 or 50 years old means that you’ll likely have a difficult time being able to retire with a high standard of living when you’re 60 or 65. So it’s therefore clearly possible to start saving too late in order to meet certain goals. But what about the opposite consideration – how early it is too early to start saving for retirement? In short, the answer to the question is an easy one; it’s never too early to start saving for retirement. Here...

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How to Survive a Retirement Savings Setback

Monday, June 3rd, 2013
How to Survive a Retirement Savings SetbackIf the balances in your IRA and 401(k) accounts are less than they were five or six years ago, you’re not alone. Many Americans are still suffering from lower investment savings and a loss of confidence in the concept of retirement planning as a whole. But you can’t just throw in the towel and give up with your retirement savings. Yes, suffering a savings setback can be emotionally devastating, and it will certainly provide you with an additional level of challenge in reaching a financially secure retirement. But if you follow the following retirement advice and tips you’ll have...

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How to Begin Saving for Retirement

Wednesday, May 22nd, 2013
How to Begin Saving for RetirementFor a lot of people, saving for retirement is one of those things they know they should be doing, but for a variety of reasons they’ve never really seriously addressed the issue. Unfortunately, this has led to many being unprepared. A recent study concluded that 57% of U.S. workers have less than $25,000 in total household savings and investments (excluding the value of their homes). That represents a significant increase over the percentage of US workers (49%) who had so little saved in 2008. Once one understands the importance of saving for retirement, the next question may be “ok, so...

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The 4% Rule for Retirement Spending

Monday, May 6th, 2013
The 4% Rule for Retirement SpendingOnce you enter retirement, you’ll need to begin withdrawing funds from the various IRAs, 401(k)s and other accounts you’ve accumulated over the years. And just as you planed for accumulating these retirement funds in the first place, you’ll also want to make sure you have a plan for how you’re going to make those withdrawals. After all, you want to be sure that your retirement savings last you for the rest of your life. As you research various strategies for making these withdrawals, you’re certain to come across one of the most widely known strategies – the so-called “Four Percent...

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