RETIREMENT PLANNING

Maximize Your Retirement Income

Hi Folks,

The following article is mostly for folks that are still working and trying to maximize their retirement savings. And I’m here to tell you that if you are pre-retirement concentrating on putting every cent possible into your retirement account is the most important job you have and, probably, the most difficult. But if retirement is your goal then a serious retirement saving and investing program is an absolute must.  Take it from a retiree!    

And if you have family or friends that are planning their retirement, print out the following article for them or hit the Share button below and send them a copy.  You don’t have to read a 500 page book to get started on a serious retirement savings program.

Read more…

Retirement Party on A Budget

Hi Folks,

Want to hear some real horror stories about party planning? Ask folks that have planned a retirement party.

For some reason retirement parties have a tendency to get out of hand – a lot out of hand.

Like for wedding parties, the invitation list gets out of hand – quick!

Read more…

Working in Retirement

Hi Folks,

Many folks that have already retired or are just getting ready to retire are discovering that they are going to have to supplement their retirement income with a “retirement job”. Working in retirement is not something most of us had planned on but it has n0w become a cold hard fact.

Well, maybe a job in retirement isn’t such a bad thing! In fact some working in retirement can be good - – if you have the right job.

Read more…

EASY ADVICE ON RETIREMENT INCOME

Hi Folks,

I am not a financial advisor – I have a financial advisor (and a darn good one) but, for some reason, most of my friends (retired and those still working) do not use financial advisors. Some of them have stock brokers, some manage their own 401k accounts, some manage their savings using mutual fund accounts and, I’m not sure, but I think one of them uses the old “under the mattress” system .

Lots of folks don’t like to discuss the way they manage their retirement money. I guess they think they would have to explain and/or defend their method of money management. But over the years I have collected a few pieces of good advice from these people (except from the guy with the lumpy mattress) about how they calculated their retirement income and expenses and whether they had enough to retire on. I am not going to try to explain these tidbits of advice, heck, the experts write books explaining these things. I’ll just pass them along to you.

Read more…

A New Approach to Post-Recession Retirement

Hi Folks,

This week I received an email from Harold S. Reid II, Account Supervisor with Hill & Knowlton providing me with a summary of a new study sponsored by SunAmerica Financial Group SunAmerica Study Reports on Resilience of Americans as They Focus on New Approach to Post-Recession Retirement.

This is an excellent and informative report that every adult - especially those over 55 – should read. I highly recommend that readers of this blog read this report.

Read more…

Rethinking Retirement

Hi Folks,

I have a great retirement planning article for you today written by a licensed attorney and Registered Investment Advisor. If you are truly interested in a successful retirement read every word of this article -  twice.

I would like to add that this is also an excellent article for those in post retirement. It is never too late to examine where you are in your retirement life and see if some wise mid-retirement changes aren’t in order.

Read more…

How to Avoid a Failed Retirement

Hi Folks,

In our younger years we knew that if we failed in our career or business choices we had the time to bounce back and start over. And many of us did - we picked ourselves up, dusted ourselves off and started all over again. But now that we are in our senior years – we simply don’t have the time and stamina to recognize our mistakes and make a new start . . . well, at least not a completely new start. 

Sort of scary, isn’t it? And a bit sad. A failed retirement is not an option!

Read more…

Changes Retirement Has on a Budget

Hi Folks,

Today I want to introduce John Steely, a new author for our little retirement website. 

John is a Financial Planner with lots of good advice that he is willing to share.

In this article John talks about the different types of costs in retirement and the importance of planning before retirement and budgeting after.

Read more…

Choosing a Retirement Calculator

Hi Folks,

Years ago when I first began considering retirement I discovered retirement calculators and their value when planning for retirement. I chose an excellent calculator and followed its instructions to the letter. That is when I discovered that retirement for me was four years away.

Today my Financial Advisor has a retirement calculator that uses Monte Carlo Risk Assessment to determine if my retirement plan is on target to see my wife and me through our senior years. 

Read more…

SENIOR LIVING: An Extraordinary Retirement

 Hi Folks,

Today’s article is directed primarily at pre retirees, encouraging them to prepare for an extraordinary retirement. But this message is just as important (and maybe more so) for seniors that have already retired.

So many of us enter retirement having no idea how we are going to use our time. I can tell you that the retirees I know who are involved in useful, worthwhile pursuits are a far happier lot than the ones that generally just twiddle their time away. 

Read more…