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... Articles Tagged ‘retirement savings’
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... 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... Why “Paying Yourself First” Should Include Your Retirement Accounts
The concept of “paying yourself first” is one we’ve discussed here before, so it’s likely one you’re quite familiar with. If not, the idea of paying yourself first means that you treat your savings contributions as you would any other bill or financial obligation. In other words, rather than waiting to see what you have left at the end of the month before deciding what you’re able to save, your saving becomes a financial obligation that you fulfill along with your other obligations.
Part of paying yourself first should include contributions to your retirement accounts. This is true regardless of...
Sunday, August 24th, 2014
The concept of “paying yourself first” is one we’ve discussed here before, so it’s likely one you’re quite familiar with. If not, the idea of paying yourself first means that you treat your savings contributions as you would any other bill or financial obligation. In other words, rather than waiting to see what you have left at the end of the month before deciding what you’re able to save, your saving becomes a financial obligation that you fulfill along with your other obligations.
Part of paying yourself first should include contributions to your retirement accounts. This is true regardless of... 5 Questions to Ask to Better Determine Your Required Retirement Savings
For many individuals, saving for retirement is a somewhat unusual concept. On the one hand, the general concept of saving for retirement is easy to understand – you’ll need a lot of money to live off of once you stop working, so you need to be sure to save throughout your working years in order to accumulate enough money.
On the other hand, knowing how much is “enough” and the best path to get there can be quite difficult to figure out. There is no one-size-fits-all approach that will work for everyone, so the way to find the best solution...
Tuesday, April 8th, 2014
For many individuals, saving for retirement is a somewhat unusual concept. On the one hand, the general concept of saving for retirement is easy to understand – you’ll need a lot of money to live off of once you stop working, so you need to be sure to save throughout your working years in order to accumulate enough money.
On the other hand, knowing how much is “enough” and the best path to get there can be quite difficult to figure out. There is no one-size-fits-all approach that will work for everyone, so the way to find the best solution... Managing Your Finances after a Surprise Early Retirement
Planning and saving for retirement is one of the longest term tasks any of us will ever undertake during our lives. For example, if you start thinking about retirement when you get your first real job where your employer will offer participation in a 401(k) or other retirement plan, then you’ll have several decades to determine the best approach to saving, and a target date for when you want to retire.
But like many things in life, things don’t always work out that way. Sometimes we aren’t in control over when we retire, and it comes a bit early, and...
Tuesday, December 3rd, 2013
Planning and saving for retirement is one of the longest term tasks any of us will ever undertake during our lives. For example, if you start thinking about retirement when you get your first real job where your employer will offer participation in a 401(k) or other retirement plan, then you’ll have several decades to determine the best approach to saving, and a target date for when you want to retire.
But like many things in life, things don’t always work out that way. Sometimes we aren’t in control over when we retire, and it comes a bit early, and... 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... 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... 5 Reasons the Current Generation May Never Retire
Retirement has always been an evolving concept. Up until just a generation ago, the most common retirement expectation was that everyone would be able to stop working at age 60 or 65 and live off a pension they earned from working 30 or more years with a single employer. Those who didn’t have a pension would live off their Social Security income.
But to some people in the current generation, the idea of retirement may not be seem relevant anymore. For a number of reasons, the current generation may view retirement as something that makes sense, either from a personal...
Tuesday, January 8th, 2013
Retirement has always been an evolving concept. Up until just a generation ago, the most common retirement expectation was that everyone would be able to stop working at age 60 or 65 and live off a pension they earned from working 30 or more years with a single employer. Those who didn’t have a pension would live off their Social Security income.
But to some people in the current generation, the idea of retirement may not be seem relevant anymore. For a number of reasons, the current generation may view retirement as something that makes sense, either from a personal... 
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