Retirement Planning

Is It Too Late To Plan For Retirement?

February 22, 2012 By TheSmartRetiree Leave a Comment

Is it too late too plan for retirement? This is a question many baby boomers are asking right now and if you doubt this, then just do a search for that phrase. Or search for when is it too late to plan for retirement? The truth is, it's never too late; that's the advice most experts will give you as getting going even when you are close to retirement will be better than not having any plan at all. In fact, delaying retirement for a little while as you continue to work could be one of the sensible alternatives open to you and by doing this, you also delay taking your Social Security. But what about creating a retirement plan late in life; is it too Not according to a report at … [Read more...]

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Retirement Planning Advice For Women

February 20, 2012 By TheSmartRetiree Leave a Comment

More retirement planning advice for women is being made available or so it seems. Women are less likely to think about or get a retirement plan going than men according to most research and it seems that could be about to change. If you are thinking seriously about retirement planning as a woman then that's a great start because it seems awareness of planning for retirement for women seems to be one of the major stumbling blocks. Women are more likely to veer off course because of things such as parenting and caregiver responsibilities. While this is an exceptionally important time, the fact that many will forget about their long term plans is a real worry. A report at marketwatch.com … [Read more...]

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How Late Can You Start Saving For Retirement?

February 16, 2012 By TheSmartRetiree Leave a Comment

So, how late can you start saving for retirement? When is it too late to start a retirement plan? The truth is, it's never too late. Saving becomes a habit and it's a habit you want to get into. A report at recordonline.com says it's never to late to start planning for retirement. But while this is so, things have changed from a couple of decades ago with investment strategies and vehicles changing with the times. Now, 401Ks are all the rage along with other types of tax advantaged accounts and this is something you need to get used to otherwise using tired old methods will more than likely have a negative impact on your savings. But the bottom line is, never think you are too late in … [Read more...]

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Should You Contribute More To Your 401K?

February 13, 2012 By TheSmartRetiree Leave a Comment

So, should you contribute more to your 401K? In a word, yes. If you are contributing to a company matched 401K then the issue of whether you should contribute more shouldn't really be one. I remember only too well several years ago when I finally landed the job of my dreams and was offered to have my 401K contributions matched that there had to be some sort of mistake. I was very aware about setting up a retirement planning savings account at a young age but when I was told my contributions would be matched dollar for dollar my initial reaction was "this must be a scam!" Well, it wasn't and the term "no brainer" can definitely be applied to this. It's free money. Why wouldn't you? A … [Read more...]

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Should I Retire Later?

February 9, 2012 By TheSmartRetiree Leave a Comment

Common questions among people closing in on retirement these days include "should I retire later" or "is retiring later a good thing?" Well, the answer could be yes on both fronts as retiring later than the usual 65 can have benefits on your financial situation. But how so? For example, if you delay collecting your Social Security until age 67 or 70, your payments will be much higher than if you start collecting at age 62. This is something to keep in mind especially if there is no need for you to collect them early and you have the necessary funds to see you through. Working past retirement date can also significantly impact your capacity to fund your retirement as you earn longer and … [Read more...]

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How To Deal With Debt Before Retirement

February 6, 2012 By TheSmartRetiree Leave a Comment

How to deal with debt before retirement is a dilemma facing many baby boomers as they head into their golden years. We've spoken about baby boomers a lot lately and for good reason. The generation responsible for every major trend in the past 60 years and for taking innovation and spending to completely new levels isn't looking at retirement with a lot of enthusiasm. In fact, in a recent post at boomerplaces.com author Robert Fowler says "Its being noticed they are constantly struggling to relieve their outstanding debt burden and it seems they severely lack capital to fund their retirement." Baby boomers redefined the boundaries on creating wealth and debt. The latter seems to be the … [Read more...]

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How To Save More Money For Retirement?

February 2, 2012 By TheSmartRetiree Leave a Comment

So, how to save more money for retirement? Today, A set of tips on how to increase your retirement savings. The article is based on a set of new year resolutions but these are such important tips that they will apply to you at anytime of the year. The general theme revolves around one important aspect when saving for retirement; reassess and readjust. This is a theme that seems to be on the urgency list for many retirement planning advisers today and it's no wonder. With the stock market volatile, real estate struggling and the economy in general "in a hole", simply creating a nest egg and then rechecking it just before retirement day doesn't really make sense. The report at … [Read more...]

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Main Retirement Planning Mistakes People Make

February 1, 2012 By TheSmartRetiree Leave a Comment

A huge retirement planning mistake caught our attention and we figured that this is one that most of us would have made without realizing it at the time. Here are the main retirement planning mistakes people make and while some of these look familiar, they are worth repeating because people keep making them over and over again. The top three are: - people start saving too late - people count on 100% of their Social Security to get them through retirement - people don't factor in inflation when calculating their retirement planning savings Okay, these are the top three and while they are common, it's never too late to alter course. In other words, if you have left it late for … [Read more...]

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What You Need To Know About Social Security In Retirement?

January 31, 2012 By TheSmartRetiree Leave a Comment

I saw a headline recently which said..."what you need to know about Social Security"? We thought we'd take it one step further and look at what you need to know about Social Security in retirement? Because right now, there is a strong feeling among financial experts that Social Security on it's current path, won't be available by mid 2030. Does that concern you? If you are retiring in the next couple of years there's a strong chance you won't be affected. But then again, people are living a lot longer today than when Social Security was first introduced and you could well live to close to 100 years. Again, does that concern you knowing that the experts are extremely worried Social … [Read more...]

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Is It Hard Planning For Retirement?

January 30, 2012 By TheSmartRetiree Leave a Comment

So, is it hard planning for retirement? What concerns should you have about retirement? Is planning for retirement different to the way my parents did it? Lots of questions are being asked today from concerned folks about their retirement planning and for good reason. Retirement has become a hot topic, not because it promises to provide people with everything they have been planning for during the course of their working lives but more so because it won't. Unless you have been "burying your head in the sand" then you know that things economically are not good. Real estate especially is one of the biggest drawbacks for baby boomers as they head into retirement. Many would have been … [Read more...]

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