retirement planning expert

What Is A Retirement Planning Calculator?

January 23, 2012 By TheSmartRetiree Leave a Comment

We have discussed retirement calculators and their effectiveness many times at TheSmartRetiree.com but still people ask on a regular basis what is a retirement planning calculator? Or, how does a retirement calculator work? Or even is a retirement calculator worth it? The truth is, a retirement calculator is only as good as the information you put in it but we believe strongly in them for one very good reason; they seem to get some urgency going within people who can suddenly see where they are retirement-wise and how much work they need to do to get their retirement planning nest egg up to the level that will support them comfortably in retirement. What they cannot do is predict life … [Read more...]

Can You Rely On Social Security In Retirement?

January 20, 2012 By TheSmartRetiree Leave a Comment

Can you rely on Social Security in retirement? Will Social Security be enough income in retirement? Good questions and ones being asked frequently these days as many baby boomers approach retirement without much in the way of retirement savings. And many who were relying on the home to provide a large chunk of their income in retirement are in trouble because of the huge downswing in real estate values. It's a similar story around the world. We are well aware of the situation in the United States and given the presence of the US, it's no surprise to see it dominate discussions. In Australia for example, pensions will be the main source of income for many retirees. Almost half of those … [Read more...]

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The Retirement Planning Mistakes People Make

January 18, 2012 By TheSmartRetiree Leave a Comment

So, what are some of the retirement planning mistakes people make? Well, we could spend the rest of the day highlighting them and explaining what you need to do to avoid them. But we are going to be brief today because we want to to understand that these are real mistakes people make in planning retirement. An article at retirement-income.net highlights seven of them and we figure they are pretty much the top culprits and the ones too many folks will take for granted. Right now, top of the list is one many would consider a good thing...longer life. Underestimating your life span is a crucial retirement planning mistake which sees a lot of folks come up short in finances when the golden … [Read more...]

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How Do I Make My Money Last In Retirement?

December 5, 2011 By TheSmartRetiree Leave a Comment

It's fast becoming the most asked question from people in or just about to start retirement..."how do I make my money last in retirement?" Several factors affect the way your savings will support you in your golden years. A report at marketwatch.com suggest that the bigger your investment portfolio is the better off you will be. But a big portfolio will not be any good to you if you have dipped into it more than once heading into retirement day and not replaced it. This is one of the reasons people are warned about "putting their hand in the cookie jar". Yes, there are times when it's helpful but unless you pay it back then it's a matter of catch up in retirement. It's one of the keys in … [Read more...]

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Retirement Planning Tips: How To Make Money Last A Lifetime

November 14, 2011 By TheSmartRetiree Leave a Comment

One of the biggest concerns people have heading into retirement today is how to make money last a lifetime. Why do people need to worry about how to make money last in retirement? Well, there are several reasons and unless you've been living under a rock, people are now living longer today, in fact, many can expect to live on for a minimum of thirty years from retirement day. Does that scare you? Well, it shouldn't if you value quality life and we all do but if you are going to plan to finance your retirement and be sure you have money to sustain you through it then it may well scare you. So what are you doing about it? If you are a little light on for ideas in how to make your money … [Read more...]

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Retirement Planning Tips: Retirement Planning For Living Past 100?

November 3, 2011 By TheSmartRetiree Leave a Comment

So, have you thought much about retirement planning for living past 100? We thought about this and had a discussion on it in the office recently and figured that there wouldn't be many people looking for retirement planning tips for living past 100. We did a search and typed in the phrase and you wouldn't believe it; almost a billion non exact match phrases. Are people wanting to know if they will live past the century mark? Looks like it. The truth is, the chances you will make triple figures in your lifetime have increased enormously. In fact, a report at finance.yahoo.com cited a leading medical journal stating that more than 50% of people born in 2000 in well developed countries would … [Read more...]

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How Much Money Will I Need To Retire?

October 31, 2011 By TheSmartRetiree Leave a Comment

So, how much money will I need to retire? We bet this is a question you have been asking yourself a lot lately and if you are reading this then it's good news for you? Why? Because it shows you are genuinely interested in making sure you have enough to retire on and are looking for answers. It's one thing to think about how much money you will need to retire but until you start looking for solutions and answers and take action then it's almost pointless. We have bee looking at this for some time now bringing you different articles and retirement planning tips from various experts and one of the things we have noticed in our search is the number of people reaching out to local areas around … [Read more...]

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Retirement Planning Tips: How Much Do You Need To Retire On?

October 17, 2011 By TheSmartRetiree Leave a Comment

How much do you need to retire on? Most retirement planning tips will tell you that you need about 70-80% of your current income to enjoy most of the benefits you now enjoy but while this is a good figure to aim for, current changing economic conditions dictate that you should always over estimate when preparing a retirement plan. Why? Because one thing you or anyone can't predict is life itself. Health issues can crop up along the way which you didn't factor in and this can be a huge financial burden during your golden years. The best retirement planning advice you can get is the advice that tells you to save as much as possible for retirement. This is one of the reasons why we like the … [Read more...]

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Retirement Planning Tips: How Much Money Will I Need To Retire?

October 4, 2011 By TheSmartRetiree Leave a Comment

How much money will I need to retire? The estimates have always been between 70-80% of your current income however, while that is still a good rule of thumb, times are a changing and with the current state of the economy, people are having to reassess not just how much money is needed need to retire, but how prepared for retirement they are. If you have been sailing along with your retirement plan for the past few years and haven't checked in on it thinking it should be fine then it might pay to pop in and see how it's doing. You might be in for a little surprise. A leading economist makes some pertinent observations at moneywatch.bnet.com about how prepared for retirement people … [Read more...]

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Retirement Planning Tips: Tips To Start A Business In Retirement

September 26, 2011 By TheSmartRetiree Leave a Comment

Looking for tips to start a business in retirement? Is it smart to start a business in retirement? Were do you start? Lots of similar questions coming across our desk with many people deciding they don't want to rely or leave there investments to the mercy of a volatile economy and looking for ways to provide their own stable income source. But starting a business is risky; when we last looked, more than 95% of start ups go "belly up" in the first five years. However, it seems that the older you get the wiser you become, or so we are led to believe. An article at money.usnews.com looks at tips for starting a business in retirement and makes some valid points about the differences between … [Read more...]

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