TheSmartRetiree

Best 7 Tips To Save For Retirement

April 25, 2012 By TheSmartRetiree Leave a Comment

Okay, time for some standard advice again and as we've mentioned before, saving for retirement shouldn't be a complicated process. While going through our own archives recently, we stumbled across an article showing the best tips to save for retirement. They are straightforward and worth going through to just get back on the right page about where you should be heading with your retirement planning. One of the things that is clear to us right now is that there is a little confusion among many folks and the feedback we get shows that. People just don't know where to start or if they do, they are not taking any action on getting started. So what can they do? Easy...talk to a financial … [Read more...]

Should We Move In Retirement?

April 23, 2012 By TheSmartRetiree Leave a Comment

A reader recently asked..."should we move in retirement?" Our response centered around "do you want to move?" Okay, there is method behind the madness especially for people who hear a lot about moving to another area or state when they retire but before you go and make a hasty decision. think about it carefully. This is the advice from a leading Real Estate Broker at newsok.com who says several factors will determine whether an area is a good place to retire to. We recently featured the best places to retire here at TheSmartRetiree.com and got some excellent feedback but moving is a decision that needs to take time. So what are some of the things you have to factor into moving in … [Read more...]

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How To Plan For Retirement In A Tough Economy?

April 20, 2012 By TheSmartRetiree Leave a Comment

Is there a secret in knowing how to plan for retirement in a tough economy? Well, no there isn't but the bottom line in successfully getting the nest egg you want when you "hang up the work clothes" seems to be honesty. Yes, that sounds a little strange but the truth is, unless you are honest to yourself about your current situation and realistic about what you have now and what you need to retire on, then you will fall well short of the mark. We always like the simple solutions to problems with planning for retirement. Too many times experts make it sound more difficult than it really is. You know, it isn't. That's why an article at finance.yahoo.com from Dave Bernard caught our … [Read more...]

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What Do You Need To Retire In Ten Years?

April 18, 2012 By TheSmartRetiree Leave a Comment

So, what do you need to retire in ten years? What do you need to retire on in ten years for example? How about, what do you need to do to retire in ten years? These are important questions that many people, baby boomers especially, are looking for answers to. And many are wanting an answer quickly. The baby boomer generation are starting to retire in droves; many have fallen short of the mark financially with the economy issues and the real estate crash. How about if you're ten to fifteen years away from retiring? Are you worried about your nest egg and what it is going to look like then? What do you have to do to retire comfortably in ten years. We dusted off a video we had booked … [Read more...]

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Mistakes To Avoid Close To Retirement

April 16, 2012 By TheSmartRetiree Leave a Comment

So, what are some of the biggest mistakes to avoid close to retirement? What are some of the main mistakes you shouldn't make close to retirement? People getting close to retirement are usually exhibiting both a tinge of excitement and trepidation. The prospect of "hanging up the work clothes" and supposedly enjoying life is tempting but today, we would not be far off the mark by saying fewer people are in this category. In fact, we would be betting that more people than say ten years ago would be pretty nervous as their retirement day approaches. Why? Well, it doesn't need a Rhodes Scholar to figure it out. Many baby boomers are trying to recover from hits in several areas including … [Read more...]

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How Much Will You Need In Your Retirement Years?

April 11, 2012 By TheSmartRetiree Leave a Comment

How much will you need in your retirement years? The problem with trying to figure out how much money you will need when you retire is trying to peer into the future. Unless you have a crystal ball it's not easy. That's one of the reasons why we always suggest talking to a retirement planning expert rather than starting this plan on your own. If you have the experience and the know how then fine but most people don't. A report at hawaiinewsnow.com says there are three questions will will set you on the way to figuring out your retirement nest egg number. And again, it revolves in making a determination about the future. The three questions are: - Determine the type of lifestyle you … [Read more...]

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Best States To Retire In The USA?

April 9, 2012 By TheSmartRetiree Leave a Comment

We don't want to create a war of the states with this post but it's time to answer a question we see a lot in the shape of what are the best states to retire in the USA? Well, when we saw the following article at smartmoney.com it was time to make the post. South Carolina fans will be happy; the article is about the Palmetto state and lists some of the best places to retire but also the most affordable places to retire in. Here's a short list: - Bluffton - Beaufort - Charleston - Aiken The reasons are explained in the following piece and include mild winters, slower pace, low property taxes and zero estate taxes. Spend a day or two in the Palmetto State, and you may quickly … [Read more...]

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How Much Money Can You Withdraw From Your Retirement Savings?

April 6, 2012 By TheSmartRetiree Leave a Comment

So, how much money can you withdraw from your retirement savings each year? You are heading into retirement and you've saved several hundred thousand dollars which you expect to sustain you through your golden years. But how much can you withdraw from your nest egg each year. If you take too much, it will dwindle away quickly given the current rate of returns. If you take too little you are going to fall short of the mark as there are things you want to enjoy in retirement. The rule most financial planners abide by is 4% and to our knowledge, that's still pretty much the rule today. But in an article at jpost.com, the question of whether the 4% rule still applies to withdraw rates … [Read more...]

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How To Retire Early?

April 4, 2012 By TheSmartRetiree Leave a Comment

How to retire early? What steps would you need to take to be able to "hang up the work clothes" and enjoy life the way you want? For most of us, retiring early will be just a pipe dream but that doesn't mean it is not achievable. But what we usually ask people who want to know how do you retire early is to define exactly what it is they mean by an early retirement. Does it mean retiring a few years before the age of sixty five? Does it mean retiring before age fifty or does it mean retiring before age forty? Just saying you want to retire early is not going to move you towards your goal. What will "start the ball rolling" is to define a date and then work towards it. Adjust it when you … [Read more...]

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