[caption id="attachment_1263" align="alignleft" width="150"] Myths And Facts About Delaying Your Social Security Benefits[/caption]The U.S. Social Security Retirement Benefits program remains one of the most important ways that retirees in the United States will be able to pay for their living expenses later in life. Recent research has shown that most Americans have not been successful on building their own retirement nest eggs.
Less than half of US households have any retirement savings at all, and even the median nest egg size for individuals close to retirement (age 55 to 64) is only about $100,000. But Social Security... Articles Tagged ‘retirement planning’
Myths And Facts About Delaying Your Social Security Benefit
[caption id="attachment_1263" align="alignleft" width="150"] Myths And Facts About Delaying Your Social Security Benefits[/caption]The U.S. Social Security Retirement Benefits program remains one of the most important ways that retirees in the United States will be able to pay for their living expenses later in life. Recent research has shown that most Americans have not been successful on building their own retirement nest eggs.
Less than half of US households have any retirement savings at all, and even the median nest egg size for individuals close to retirement (age 55 to 64) is only about $100,000. But Social Security...
Wednesday, April 12th, 2017
[caption id="attachment_1263" align="alignleft" width="150"] Myths And Facts About Delaying Your Social Security Benefits[/caption]The U.S. Social Security Retirement Benefits program remains one of the most important ways that retirees in the United States will be able to pay for their living expenses later in life. Recent research has shown that most Americans have not been successful on building their own retirement nest eggs.
Less than half of US households have any retirement savings at all, and even the median nest egg size for individuals close to retirement (age 55 to 64) is only about $100,000. But Social Security... When is it Appropriate to Adjust Your Target Retirement Age?
The best way to give yourself the greatest chance to retire with a sufficiently large nest egg is to plan ahead. Among other things, this means to start saving as early as possible, to save consistently and try to maximize your contributions every year, to invest in a way that matches your investing personality, and perhaps even to set a target retirement date.
However, even if you successfully execute every aspect of your retirement plan, your personal situation may change in ways that might cause you to rethink the age at which you want or plan to retire....
Thursday, November 3rd, 2016
The best way to give yourself the greatest chance to retire with a sufficiently large nest egg is to plan ahead. Among other things, this means to start saving as early as possible, to save consistently and try to maximize your contributions every year, to invest in a way that matches your investing personality, and perhaps even to set a target retirement date.
However, even if you successfully execute every aspect of your retirement plan, your personal situation may change in ways that might cause you to rethink the age at which you want or plan to retire.... How Much Income Will Your Retirement Account Produce?
Accumulating money in your various retirement accounts is a long-term process. And that process is the focus of many individuals when it comes to retirement planning. But the accumulation of assets, saving over time, and proper retirement investment selection is only part of the process.
In order to fund your living expenses during retirement, you’re going to need to take distributions from your account. Those distributions can come from the proceeds of investments within the account that you sell off, or from income that is generated by investments within your account. Here are some tips for deciding when...
Thursday, October 13th, 2016
Accumulating money in your various retirement accounts is a long-term process. And that process is the focus of many individuals when it comes to retirement planning. But the accumulation of assets, saving over time, and proper retirement investment selection is only part of the process.
In order to fund your living expenses during retirement, you’re going to need to take distributions from your account. Those distributions can come from the proceeds of investments within the account that you sell off, or from income that is generated by investments within your account. Here are some tips for deciding when... How To Jump Start Your Retirement Savings
It can sometimes be easy to get stuck in unproductive patterns of behavior when it comes to personal finances. That’s often the case when it comes to retirement savings. A person finds a reason not to contribute to their retirement fund for one year, and then the next, and soon they’ve become accustomed to foregoing retirement contributions entirely.
We know that not making regular retirement savings contributions can have a devastating impact on your ability to retire comfortably or perhaps even to retire at all.
If you believe that you may be behind schedule when it comes to...
Friday, February 5th, 2016
It can sometimes be easy to get stuck in unproductive patterns of behavior when it comes to personal finances. That’s often the case when it comes to retirement savings. A person finds a reason not to contribute to their retirement fund for one year, and then the next, and soon they’ve become accustomed to foregoing retirement contributions entirely.
We know that not making regular retirement savings contributions can have a devastating impact on your ability to retire comfortably or perhaps even to retire at all.
If you believe that you may be behind schedule when it comes to... 5 Decisions to Make Before You Retire
The process of planning for retirement is a long one. Ideally, you should begin thinking about retirement on the day you start your very first job. In the early stages of your career, save as much as possible towards retirement, this will make some of your future decision easier to make.
Planning for retirement is highly individualized. The general process of retirement planning and saving is going to be the same for most people, but the specifics and details of a retirement plan are going to be different from everyone.
Here are five decisions you’ll need to make before you...
Monday, December 14th, 2015
The process of planning for retirement is a long one. Ideally, you should begin thinking about retirement on the day you start your very first job. In the early stages of your career, save as much as possible towards retirement, this will make some of your future decision easier to make.
Planning for retirement is highly individualized. The general process of retirement planning and saving is going to be the same for most people, but the specifics and details of a retirement plan are going to be different from everyone.
Here are five decisions you’ll need to make before you... How to Know if You’re Really Ready to Retire
The idea of retirement is a powerful one. For most people, retirement is a time to enjoy the fruits of a long and productive career, and to spend more time with family and on long-neglected hobbies. But the decision to retire is not always an easy one to make. And the adjustment from full-time work and professional obligations to a life without those obligations can be harder than many people think.
In fact, making the decision to retire should involve consideration of a number of different factors, and asking yourself a handful of important questions.
Here’s how to know when...
Wednesday, October 21st, 2015
The idea of retirement is a powerful one. For most people, retirement is a time to enjoy the fruits of a long and productive career, and to spend more time with family and on long-neglected hobbies. But the decision to retire is not always an easy one to make. And the adjustment from full-time work and professional obligations to a life without those obligations can be harder than many people think.
In fact, making the decision to retire should involve consideration of a number of different factors, and asking yourself a handful of important questions.
Here’s how to know when... Five Retirement Planning Trends to Consider
The notion of retirement is still a relatively new one in human society, and the ways that we define retirement are continuing to change at a relatively quick pace. No longer can a person just prepare a simple retirement plan when they first enter the workforce, then just work to follow through on plan without revisiting or readjusting it along the way.
Every individual needs to make themselves familiar with the various trends and developments that are occurring in the marketplace.
Here’s a sampling of some of the current retirement planning issues that you should consider when creating and updating...
Wednesday, June 17th, 2015
The notion of retirement is still a relatively new one in human society, and the ways that we define retirement are continuing to change at a relatively quick pace. No longer can a person just prepare a simple retirement plan when they first enter the workforce, then just work to follow through on plan without revisiting or readjusting it along the way.
Every individual needs to make themselves familiar with the various trends and developments that are occurring in the marketplace.
Here’s a sampling of some of the current retirement planning issues that you should consider when creating and updating... Jump Start Your Retirement Savings Over The Next Five Years
Saving for retirement is the longest financial endeavor you’ll ever undertake in your life. Whereas you may spend around 20 years raising your children, and 30 years paying off the mortgage on your home, if you start saving for retirement when you first enter the workforce in your late teens you may have over 50 years to plan for it.
But in order to be successful, you’ll also need to do planning in the short and medium time frames as well, and constantly balance these efforts with your long-term planning.
With that in mind, here are five ways you can...
Thursday, May 21st, 2015
Saving for retirement is the longest financial endeavor you’ll ever undertake in your life. Whereas you may spend around 20 years raising your children, and 30 years paying off the mortgage on your home, if you start saving for retirement when you first enter the workforce in your late teens you may have over 50 years to plan for it.
But in order to be successful, you’ll also need to do planning in the short and medium time frames as well, and constantly balance these efforts with your long-term planning.
With that in mind, here are five ways you can... 5 Retirement Emergencies To Plan For
Despite all our efforts at planning every aspect of retirement many years in advance, there are certain types of financial emergencies that can arise during retirement, and if we haven’t planned accordingly, then the consequences could be devastating. Remember that most of us will cut back or stop working entirely during retirement, so our retirement income is likely to be far less than what we were making when we were full-time workers.
Fortunately, there are steps we can take to lessen the negative impacts of these retirement emergencies. Here are five of the most common types to be aware of,...
Tuesday, March 3rd, 2015
Despite all our efforts at planning every aspect of retirement many years in advance, there are certain types of financial emergencies that can arise during retirement, and if we haven’t planned accordingly, then the consequences could be devastating. Remember that most of us will cut back or stop working entirely during retirement, so our retirement income is likely to be far less than what we were making when we were full-time workers.
Fortunately, there are steps we can take to lessen the negative impacts of these retirement emergencies. Here are five of the most common types to be aware of,... What’s the Difference Between a Defined Benefit Plan and a Defined Contribution Plan?
Just a generation or two ago, the notion of retirement usually involved receiving a regular monthly check from your former employer after having put in 30 or more years of service. Today, individuals usually don’t have access to these types of plans, and instead are responsible for their own retirement planning through 401(k)s and IRAs.
The differences between the traditional employer-provided and today’s individual driven retirement plans can be significant. In general, the biggest difference is that one is essentially a “defined benefit” retirement plan, while the other is a “defined contribution” retirement plan.
Let’s take a look at these...
Wednesday, February 11th, 2015
Just a generation or two ago, the notion of retirement usually involved receiving a regular monthly check from your former employer after having put in 30 or more years of service. Today, individuals usually don’t have access to these types of plans, and instead are responsible for their own retirement planning through 401(k)s and IRAs.
The differences between the traditional employer-provided and today’s individual driven retirement plans can be significant. In general, the biggest difference is that one is essentially a “defined benefit” retirement plan, while the other is a “defined contribution” retirement plan.
Let’s take a look at these... 
Loading ...
