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... Articles Tagged ‘saving for retirement’
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... 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,... Retirement Planning Advice for Boomers
Very large numbers of “baby boomers” (people born in the post-World War II baby boom from 1946 to 1964) have started reaching retirement age. Some of these individuals have accumulated large nest eggs, while others may be significantly underfunded.
Regardless of a person’s individual situation, the chances are good that virtually every person approaching retirement understands that they need to make sound financial decisions in order to put themselves in the best financial shape. Even with such a wide range of financial scenarios, there are still some retirement concepts that apply to virtually everyone.
Here is some retirement planning...
Tuesday, February 3rd, 2015
Very large numbers of “baby boomers” (people born in the post-World War II baby boom from 1946 to 1964) have started reaching retirement age. Some of these individuals have accumulated large nest eggs, while others may be significantly underfunded.
Regardless of a person’s individual situation, the chances are good that virtually every person approaching retirement understands that they need to make sound financial decisions in order to put themselves in the best financial shape. Even with such a wide range of financial scenarios, there are still some retirement concepts that apply to virtually everyone.
Here is some retirement planning... The Three Biggest Retirement Planning Myths
There is plenty of good information about retirement out there to help you identify your priorities, set realistic goals for yourself, and come up with a plan for achieving those goals. It can take a bit of time to research in order to find those resources, but rest assured that you’re not alone when planning for retirement.
Unfortunately, there is also a lot of unhelpful or even harmful information out there as well. This misinformation about retirement can cause you great setbacks on your path to retirement, and make it harder for you to reach your goals.
Here are three...
Wednesday, October 29th, 2014
There is plenty of good information about retirement out there to help you identify your priorities, set realistic goals for yourself, and come up with a plan for achieving those goals. It can take a bit of time to research in order to find those resources, but rest assured that you’re not alone when planning for retirement.
Unfortunately, there is also a lot of unhelpful or even harmful information out there as well. This misinformation about retirement can cause you great setbacks on your path to retirement, and make it harder for you to reach your goals.
Here are three... 5 Steps for a Retirement Savings Tune-Up
Like any other personal finance goal, getting to retirement with a healthy nest egg requires long-term planning and effort. But the plan you might have come up with early in adulthood might no longer be the best way for you to reach your retirement savings goals.
It’s important to remember that you need to revisit your long-term financial plans from time to time, and make changes to that plan if necessary. Fortunately, you may not need to start over from scratch – instead, you simply may need a retirement savings tune-up.
Here in some retirement advice on five steps...
Tuesday, March 25th, 2014
Like any other personal finance goal, getting to retirement with a healthy nest egg requires long-term planning and effort. But the plan you might have come up with early in adulthood might no longer be the best way for you to reach your retirement savings goals.
It’s important to remember that you need to revisit your long-term financial plans from time to time, and make changes to that plan if necessary. Fortunately, you may not need to start over from scratch – instead, you simply may need a retirement savings tune-up.
Here in some retirement advice on five steps... The Most Important Retirement Planning Questions You Need to Ask
Effective retirement planning is much more than just plugging a few numbers into an online calculator in order to come up with an amount that you need to save each month. Unfortunately, it’s easy to fall into a mindset of thinking that coming up with a long-term retirement plan is just that simple.
The retirement planning process is actually highly individualized, and the best way to come up with a plan for reaching your goals is to avoid taking a “cookie cutter” approach.
Instead, you can start by asking yourself the following most important retirement planning questions, then using...
Thursday, March 13th, 2014
Effective retirement planning is much more than just plugging a few numbers into an online calculator in order to come up with an amount that you need to save each month. Unfortunately, it’s easy to fall into a mindset of thinking that coming up with a long-term retirement plan is just that simple.
The retirement planning process is actually highly individualized, and the best way to come up with a plan for reaching your goals is to avoid taking a “cookie cutter” approach.
Instead, you can start by asking yourself the following most important retirement planning questions, then using... How to Downsize in Retirement and Enjoy Life More
The 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...
Tuesday, October 29th, 2013
The 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... 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... 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... 
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