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How To Avoid Running Out Of Money In Retirement?

February 17, 2012 By Leave a Comment
Retire Dollar Smart

It's fast becoming one of the most searched for phrases among retirees and impending retirees; how to avoid running out of money in retirement. If you don't believe us or that people are really concerned about this issue then do a search. It's established now among experts that we are living longer and in a world of volatility especially regarding the economy, instead of celebrating this fact, many are being scared by it. Why? Because learning how to make money last in retirement has now become a challenge for many and one that most have no clue how to do. But there might be a bright light on the horizon if a story which surfaced at articles.baltimoresun.com is any indication. Tips on … [Read more...]

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How To Increase Your Retirement Nest Egg

February 14, 2012 By Leave a Comment
Start Late Finish Rich

We have come across four of the best tips on how to increase your retirement nest egg and give yourself to enjoy a long and prosperous retirement. Problem is, if you are still many years away from "hanging up the work boots" it's likely that many of you will get a tinge of excitement and then forget everything you have learned today. Now we are not being smart when we say this or mean to offend but the truth is, most people who are at least two decades away from retirement will have an attitude of "it's still a long way off and it doesn't concern us right now". But it does and the sooner you get going in either starting a retirement plan or boosting your current plan or making sure … [Read more...]

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How Much Income Will You Need In Retirement?

February 7, 2012 By Leave a Comment
Saving For Retirement

Figuring out how much income will you need in retirement is something at least one third of people don't think about or do anything about before their retirement day arrives. We saw an interesting analogy made at money.usnews.com which talked about the amount of time people spend on preparing for their vacation. So what does preparing for a vacation and preparing for retirement have to do with one another. Well, more than you might think. It seems people will spend a lot of energy in making sure their vacation goes off without a hitch but when you ask those same people to prepare for retirement, it seems it's a different story. You see, retirement is a long vacation; these days … [Read more...]

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How Important Is Retirement Planning Anyway?

January 27, 2012 By Leave a Comment
How Important Is Retirement Planning?

How important is retirement planning anyway? Well, how important is a comfortable retirement? It's amazing to see so many people still ask this question and it seems that many of the people asking are from a generation known for every major trend of the last 60 years. Yes, the Baby Boomers have been making headlines for several decades now but according to a report at accountingtoday.com, they haven't really done as good a job as they could have at planning for retirement. Many are now starting to "hang up their work clothes but have been met with issues such as a bad economy, volatile investments and a "near dead" real estate market. So can you really blame them if they fall short at … [Read more...]

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Best Steps To Retirement Planning

January 26, 2012 By 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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The Retirement Planning Mistakes People Make

January 18, 2012 By Leave a Comment
So You Want To Retire

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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When Is It Right To Retire?

January 17, 2012 By Leave a Comment
When Is It Right To Retire?

So, when is it right to retire? When is it too late to retire? Is there a right time when we should we retire? The truth is, retiring is up to the individual; there is no set time when you should hang up the work boots and start your golden years but the reason why these questions are being asked more than ever is that we are in uncertain times right now and to be honest, the retirement line which used to be between 62-65 has all but disappeared. How many times have you heard of people talking about a retirement date? It's usually around 65. Now, people are delaying retirement in great numbers. There has also been a great fear that the "system" wouldn't be handle the mass retirement of … [Read more...]

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How Much Do I Need For Retirement Savings?

January 16, 2012 By Leave a Comment
How Much Do I Need For Retirement Savings?

How much do I need for retirement savings? This is one of the most asked questions when it comes to retirement planning no matter where you are in the world and we have looked at it quite a number of times here at TheSmartRetiree.com. And the answer is usually pretty much the same; about 70-80% of your current income. That is, whatever you are earning now, you will usually bank on about requiring 70-80% of that to live in retirement. Does that still ring true today? Actually, we're not so sure anymore. In fact, things have changed a lot and an article we saw at canada.com provided possibly the best answer we've seen in the past twelve months. They are saying there's too many variables … [Read more...]

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How To Survive In Retirement?

January 9, 2012 By Leave a Comment
How To Retire Happy Wild And Free

So, how to survive in retirement? A lot of the retirement advice you see is in the lead up to the golden years; how much money to save for retirement, where to invest money for retirement...and the list goes on. But we don't see a heck of a lot of advice on how to enjoy retirement or how to survive it. The truth is, many folks who start day one of their golden years are like a "fish out of water"? They don't know what to do. So they sit themselves in front of the television and enjoy retirement the only way they know how. Now this is not meant to offend; only to warn that this is a big issue and according to a great little book called "How to Retire Happy, Wild, and Free" from Ernie … [Read more...]

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Why You Need A Financial Plan In Retirement

January 5, 2012 By Leave a Comment
Why You Need A Financial Plan In Retirement

It is one of the most asked questions we see at TheSmartRetiree.com...do I need  financial plan in retirement? Well, our response is this is why you need a financial plan in retirement... When you go to see a financial retirement planner one of the first things they'll ask you according to a report at blogs.smartmoney.com is do you have a written retirement plan. Notice we said written; having one in your head is not advisable and while some savvy people might be able to get away with it, having a written plan means you have made a commitment to save for retirement. Does that make sense? The report reveals some startling statistics about people's habits when it comes to retirement … [Read more...]

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