Retirement Planning

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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Can You Have A Career In Retirement?

March 28, 2012 By TheSmartRetiree Leave a Comment

A survey conducted in 2010 showed that at least three out of every four baby boomers plan to work in retirement. That's a staggering statistic given that most people start working life to plan for their retirement and live for the day they can "hang up their work clothes" and enjoy their lives. Things have changed. We see a lot of questions now along the lines of can you have a career in retirement? It seems that people no longer want to stop working cold and there are various reasons for this. A report at money.usnews.com says baby boomers want to continue working in retirement for reasons such as: - offsetting boredom - to continue earning money to survive their golden years - self … [Read more...]

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How To Better Plan For Retirement?

March 21, 2012 By TheSmartRetiree Leave a Comment

The key to how to better plan for retirement lays in getting the facts about what's required. In other words, knowing what people are most frightened of about retirement can better arm you to prepare for it. Does that make sense? One of the tips for a better retirement we usually give people is to follow the numerous surveys on the topic that are released almost on a daily basis. For example, the recent survey results released at millionairecorner.com from ING Retirement Research Institute make for excellent research. Why? Because it details the fears people have about retirement planning. Among the list of fears are: - nearly half of the people surveyed don't feel prepared … [Read more...]

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Are Target Date Retirement Funds Worth It?

March 19, 2012 By TheSmartRetiree Leave a Comment

Something we haven't really spoken about a lot are target date investments for retirement? So, are target date retirement funds worth it? We say they are especially for people who are tempted to "chop and change" their investments because of the state of the economy. While they are relatively new, many people ignore them simply because they don't understand what they are. The truth is, they are exactly as the name implies; you set a target date and your funds mature on that date. But the big advantage from our point of view is that they are promoted as safe and low risk and the closer they get to the target date, the less risky they become. Target date funds for retirement might have … [Read more...]

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Late Retirement Planning Tips

March 16, 2012 By TheSmartRetiree Leave a Comment

The following late retirement planning tips might be just the ticket for those of you getting near your retirement day but still not really knowing where you are at or are going to be at financially. Like the author of the article at news.yahoo.com, we are also amazed at the number of baby boomers currently taking it a little too easy heading into retirement without knowing their full value compared to what their expenses are going to be. Call this late retirement plan a tune up; an opportunity to tally up your assets against your expenses and then see what it will take to get your through a more than likely long retirement phase. Unless you haven't heard, people are living a lot … [Read more...]

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How Do You Avoid Retiring Poor?

March 12, 2012 By TheSmartRetiree Leave a Comment

It's no surprise that the retirement problems facing baby boomers today are not just confined to the US but the world as a whole. It's a world financial crisis we live in right now and when we spotted the following article at vancouversun.com it occurred to us that the same issues are affecting even our northern neighbors despite the news that they are in pretty good shape. So, how do you avoid retiring poor? Well, this is a better question and one we would rather hear from people than will you retire poor because it shows that you are thinking about a solution to the question. Retiring poor is a likelihood for many baby boomers and when we use the word poor, it simply means not being … [Read more...]

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Tips For Paying Off Your Debt Faster

March 7, 2012 By TheSmartRetiree Leave a Comment

Okay, some may ask what has a post on tips for paying off your debt faster got to do with retirement. In short, everything. One of the golden rules of saving for retirement planning is to be debt free or as close to it when retirement day arrives. Put it this way, you have a long retirement period ahead of you; people are living a lot longer these days and the last thing you want to be worrying about are things such as credit card bills, car payments and mortgage payments. Okay, knowing how to pay off debt faster is easier said than dine but we find many people will procrastinate over this for too long before taking action. You need to start today. There are some excellent tips to … [Read more...]

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Main Retirement Planning Mistake

February 29, 2012 By TheSmartRetiree Leave a Comment

We won't make this a long post but more of a reminder about the importance of getting some urgency going when planning for retirement. So, what is the main retirement planning mistake people make? We spoke towards the end of the last post about the importance of getting over procrastination and getting something going. Well, doing nothing would be the biggest retirement planning mistake people make. Think about it; you know you need to save for retirement; you hear all the talk about the importance of preparing for your golden years as early as possible and you hear a lot of talk these days about how much longer people are living after they retire. So what is holding you back. A report … [Read more...]

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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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