retirement expert

Best Steps To Retirement Planning

January 26, 2012 By TheSmartRetiree Leave a Comment

Getting Started In Financially Secure Retirement

The best steps to retirement planning start with making a plan. Not earth shattering advice but this is the step most people get wrong. It's like a ship sailing around a harbor without a destination; that's how many plan for retirement. So male a plan so you have an end goal to reach. The next step is to become a little savvy and understand what a retirement plan involves. No, we are not talking about becomes a world renowned expert on the subject; just understand what it is you are about to do. Going in to talk to a retirement planning expert is a great move but we recommend you don't do this until; you have researched what is available and know how retirement planning works. This is … [Read more...]

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How To Increase Your Retirement Income In 2012

January 19, 2012 By TheSmartRetiree Leave a Comment

Want to know how to increase your retirement income in 2012? It's not as hard as you might think even if you are almost stretched to the limit financially. That is, if you are already making the maximum contributions you can spare. The truth is, many people think they can't afford to spare more for their retirement investment accounts however, as we pointed out in a recent article on this topic, you'll be amazed at just what you can afford when you start to cut back on excesses in your spending. We're not saying you need to go into hibernation and completely cut yourself off from the rest of the world and not go out and do things like eat at restaurants or catch a movie every now and … [Read more...]

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Retirement Planning Mistakes And How To Avoid Them

November 30, 2011 By TheSmartRetiree Leave a Comment

Retirement planning mistakes and how to avoid them; do you know if you are making mistakes with your retirement planning? Chances are, the recent volatility in the stock market has many people edgy, especially baby boomers and the instinctive reaction when investments are affected is to head for safer ground. In other words, move your investments to so called safer fixed shelters. Is this a good idea? No, according to many experts although many people are yet to really be convinced. A report at cbsnews.com which highlights the top 5 retirement planning mistakes people make used the "crash" of 2008-2009 as an example. They cited that those who stayed true to their 401(k) investments were … [Read more...]

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Retirement Planning Tips: Can I Borrow Money From My 401(k) Plan?

November 18, 2011 By TheSmartRetiree Leave a Comment

Today's economy is biting hard at the hip pockets of many people; making ends meet is tough. So getting your hands on spare cash for projects is not easy. We recently received a question along the lines of "can I borrow money from my 401(k)?" The simple answer is yes. But the question we believe you should be asking is "should I borrow money from my 401(k)?" Can you see the difference? Is it wise to borrow against your 401(k)? In terms of dipping into the funds you are saving for retirement then many might expect the answer to be no and that makes sense. Anytime you "put your hands in the retirement cookie jar" an alarm bell should sound. Why, because many are doing this today and … [Read more...]

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Retirement Planning Tips: What Should I Invest In For Retirement?

November 15, 2011 By TheSmartRetiree Leave a Comment

We got to talking around the office yesterday after a question from a reader who asked "what should I invest in for retirement?" The reader was specifically talking about the share market and while stocks and shares might put the fear of you know who in many people right now, the truth is, reliable shares, those that make up companies who provide goods and services that will be around "forever", make good sense. Now we want to make it clear; this is not investment advice and nor do we give it: retirement planning is something that needs to be thought out carefully but don't procrastinate over it. Get something started as soon as you can. Back to what type of shares you should look at when … [Read more...]

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Retirement Planning Tips: How Will Tax Affect My Retirement?

September 30, 2011 By TheSmartRetiree Leave a Comment

So, how will tax affect my retirement? Well, the thing to remember is that knowing what you are entitled to pay tax-wise can bbe a huge advantage and the last thing you want is saving for retirement and then leaving your next egg vulnerable to tax bites. So how do you protect your retirement investment from tax? Well, it comes down to investing it wisely in the first place. Getting tax breaks you deserve and this is going to mean you need to brush up on your knowledge of what tax breaks are available to you. The following piece at fool.com is a good starting point. Knowing and then taking advantage of tax laws can mean the difference between a healthy nest egg and one that looks like … [Read more...]

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Retirement Planning Tips: What Is Succession Planning?

September 8, 2011 By TheSmartRetiree Leave a Comment

What is succession planning? Retirement planning tips are often directed towards individuals as they look for ways to "shore Up finances" for their golden years but if you have a business and what it to pass to your heirs then succession planning needs to be part of your retirement plans. Have you got a succession plan in place? Reason we published this article today was following a question from a reader asking what is succession planning and why is it important? As a family business owner, you have a responsibility to make sure the people you prefer to take over and run the business when you retire or pass away are given the chance to do so without having to be involved in family … [Read more...]

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