retirement plan

Your Biggest Cost In Retirement?

May 9, 2012 By TheSmartRetiree Leave a Comment

Your biggest cost in retirement is likely to be looking after your health. For many people, by the time they get to retirement their health will have deteriorated to a point of no return and health care costs will be their biggest expense. What is the danger of this? Well, in a nutshell, all those years of saving hard for retirement may evaporate into the cost of maintaining what little health you have left. We don't want to be alarmists but when a reader asked us what will be the biggest cost in retirement we responded without hesitation that it will be your health care costs. So what can you do? Well, how about looking at your body and asking yourself that by the time you reach … [Read more...]

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Retirement Planning Ideas For Stay At Home Women

May 2, 2012 By TheSmartRetiree Leave a Comment

We got a question recently regarding retirement planning ideas for stay at home women. Do stay at home moms need a retirement plan? Do people who work from home need a retirement plan? The answer is yes. In fact, even if you are a man who is in a similar position and reading this then pay particular attention. This is for you too. Retirement planning is not just for people who work nine to five. Women in particular lag behind men when it comes to a creating a retirement plan. A report at learnvest.com says the one thing you should never ignore is a plan for retirement. But where do you start? This will be the main reason many just don't get started. Well, the article says the first … [Read more...]

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Is It Worth Getting Retirement Planning Advice?

March 30, 2012 By TheSmartRetiree Leave a Comment

There are too many people in our opinion not getting the right retirement planning advice? The questions along the lines of "is it worth getting retirement planning advice" we see come across our desk shows that folks are very suspicious of the financial world right now especially in light of what has taken place during the past four years. But the truth is, those people getting professional advice about retirement planning are the ones who know how much money to retire on and how much money to withdraw each year in retirement. This was established following a Franklin Templeton survey which also revealed that people actually feel better about retirement and they have more control over … [Read more...]

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Is Gold A Good Retirement Plan Investment?

March 26, 2012 By TheSmartRetiree Leave a Comment

So, is gold a good retirement plan investment?Is it smart to invest in gold for retirement? These are just some of the questions people are asking right now as gold continues to amaze investors at it's ability to hold firm as a worthwhile investment in a tough economy. Gold is usually considered a volatile investment and the truth is, it's probably going to diminish in value at some time in the future as the economy is on the improve. But some may argue now that the economy may never improve and with the US Dollar on the slide, gold is fast becoming the common language among financial investments. But what about gold as a retirement planning investment. Should you invest in gold for … [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 Much Money Is Enough For Retirement?

March 5, 2012 By TheSmartRetiree Leave a Comment

How much money is enough for retirement? When do you stop saving for retirement and enjoy it? The truth is, you never really stop saving if you can and a combination of regular saving and good investing needs to be at the foundation of your strategy. Today, an excellent article at business.asiaone.com which looks at the question of how much is enough to retire? Yes, it is basing it's assumptions on another country other than the US but it really relates to anyone with a retirement plan and who is afraid they may fall short in their savings. The author did an excellent job taking an amount of $500,000 in savings and then producing a table to show how long the money will last at … [Read more...]

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How Much Is Needed In Savings To Retire?

February 27, 2012 By TheSmartRetiree Leave a Comment

How much is needed in savings to retire? Should you still follow the old model of retirement planning by relying on Social Security, having a pension and savings? These are some of the questions facing many people today, young and old. Those about to plan for retirement are faced with whether to stick to the "old methods" or get with the times and those who have already put a retirement plan in place including the methods above will be wondering whether they need to make a change. But hold on, if this is you then you need to think long and hard about this before making any moves to totally give your retirement plan a face lift. One of the problems facing people today are the big … [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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