If 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... Articles Tagged ‘retirement planning’
Do You Need To Still Save Money During Retirement?
If 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...
Thursday, September 12th, 2013
If 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... How to Check On Your Social Security Benefits
Even though the future health and viability of the Social Security program has been called into question, it's unlikely that Social Security retirement benefits will disappear entirely. Furthermore, even if you have a sizable retirement nest egg you still need to understand how much income you can expect to receive from all the sources you have available, including Social Security.
As you save for retirement and making your savings plans it’s important to know how much Social Security you’ll receive when you retire, regardless of where you are in the process.
Here is some retirement advice on how...
Monday, September 9th, 2013
Even though the future health and viability of the Social Security program has been called into question, it's unlikely that Social Security retirement benefits will disappear entirely. Furthermore, even if you have a sizable retirement nest egg you still need to understand how much income you can expect to receive from all the sources you have available, including Social Security.
As you save for retirement and making your savings plans it’s important to know how much Social Security you’ll receive when you retire, regardless of where you are in the process.
Here is some retirement advice on how... Ways to Reduce Your Expenses After Retirement – Live Well on Less
You’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...
Sunday, August 18th, 2013
You’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... Retirement Advice to Know if You’re on Track with Your Retirement Savings
If 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...
Tuesday, June 25th, 2013
If 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... Surprising Ways to Boost Your Retirement Savings
Maybe 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...
Thursday, June 20th, 2013
Maybe 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... How to Survive a Retirement Savings Setback
If 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...
Monday, June 3rd, 2013
If 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... How to Begin Saving for Retirement
For 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...
Wednesday, May 22nd, 2013
For 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... The 4% Rule for Retirement Spending
Once 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...
Monday, May 6th, 2013
Once 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... Pros and Cons of a Working Retirement
The concept of “retirement” has dramatically changed over the past decade. While individuals in years past may have envisioned and planned for a retirement in which they move to Florida or Arizona to spend their days golfing, many new retirees have a different vision.
More individuals are looking to stay more active and involved in their communities after they retire. In fact, one of the big trends of late is retirees continuing to work (on at least a part-time basis) during their retirement years. Be aware, there are numerous pros and cons to doing so.
Here are some of the Pros...
Sunday, April 28th, 2013
The concept of “retirement” has dramatically changed over the past decade. While individuals in years past may have envisioned and planned for a retirement in which they move to Florida or Arizona to spend their days golfing, many new retirees have a different vision.
More individuals are looking to stay more active and involved in their communities after they retire. In fact, one of the big trends of late is retirees continuing to work (on at least a part-time basis) during their retirement years. Be aware, there are numerous pros and cons to doing so.
Here are some of the Pros... Should You Rent or Own Your Home in Retirement?
Many things will change in your life when you enter retirement. Your family structure and obligations will become different as your children move away and have children of their own. Your work life will change as you reduce your work schedule or perhaps stop working entirely. Each of these changes will require you to make a choice of how you want your retirement to be.
Since you’ll always need a place to live, one of the decisions you’ll face is whether it’s better to rent or own your home during retirement.
Here are some factors to consider when you’re making...
Tuesday, April 23rd, 2013
Many things will change in your life when you enter retirement. Your family structure and obligations will become different as your children move away and have children of their own. Your work life will change as you reduce your work schedule or perhaps stop working entirely. Each of these changes will require you to make a choice of how you want your retirement to be.
Since you’ll always need a place to live, one of the decisions you’ll face is whether it’s better to rent or own your home during retirement.
Here are some factors to consider when you’re making... 
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