retirement

What Age Can I Retire?

December 27, 2011 By TheSmartRetiree Leave a Comment

So, what age can I retire? If you are one of the millions of people thinking and asking this question then we are here to tell you that perhaps it's not the retirement age you are really thinking about, but more to do with how much money you need to retire? It seems things are changing rapidly. While a retirement age is great and has been the benchmark as something to strive for by many people, the issue now is how much money will I need to retire. And people seem to be retiring only when they feel they have "enough money in the retirement kitty" to do so. A report at businessinsider.com reports on an interactive study that was recently conducted which shows it's not so much to do with … [Read more...]

Is It Worth Delaying Retirement?

December 23, 2011 By TheSmartRetiree Leave a Comment

So, is it worth delaying retirement? The answer is a resounding yes especially if you have been caught a little "flat-footed" in your saving and investment endeavors. Today, many baby boomers are finding that despite being part of one of the biggest spending and the most innovative group in human history, the truth is, many ave left their run late when it comes to retirement. For starters, delaying retirement is a good idea when it comes to Social Security. The first retirement age of 62 is something which many look forward to but did you know that delaying retirement to 65 or even seventy is worth literally thousands of dolars a year in Social Security payments. Sixty two is a great … [Read more...]

Filed Under: Retirement Planning Tagged With: delaying retirement, has the recession delayed your retirement, is delayed retirement a viable option, is it a good idea to work in retirement, is it worth delaying retirement, pratical solutions to retirement, retirement, retirement age, retirement nest egg, retirement savings, social security, work in retirement, working in retirement

Retirement Planning Tips: Where Do I Find Money To Invest In Retirement?

November 25, 2011 By TheSmartRetiree Leave a Comment

A reader asked us earlier today..."where do I find the money to invest in retirement"? Our first reaction was that if you are serious about investing in retirement then you will always find the money. But we knew exactly where she was coming from when posing the question and in a nutshell, she was basically cash-strapped after committing her money to everything else she considered as an important expense. Our final response was to make a list of all the expenses she had from major payments to minor expenses such as a latte coffee at the local cafe. She had to list everything. Now one of the interesting things here was that she ate out a lot; we are talking two, sometimes three times a … [Read more...]

Filed Under: Retirement Planning Tagged With: financial planner, how do I find the money to invest in retirement, invest in retirement, investing in retirement, retirement, retirement planning, retirement planning tips, where do I find the money to invest in retirement

Retirement Planning Tips: What Problems Are There In Retirement?

October 19, 2011 By TheSmartRetiree Leave a Comment

So, what problems are there in retirement? Will there be any problems in retirement? Fair questions but the truth is, no one but yourself can be sure of the issues you are going to face when you reach and live in retirement. For example how is your health right now? Is it good? Will it be fine when you reach your golden years? Is there any reason to suspect that it might deteriorate? A report at npr.org looks at the issue of whether retirement is as rosy as people might think. It tackles the issue of the potential problems people could face in retirement and while they might be potential, they are still a possibility and people need to be aware of them. Americans pride themselves on … [Read more...]

Filed Under: Retirement Planning Tagged With: problems people could face in retirement, retirement, retirement planning, retirement planning tips, what problems are there in retirement, will there be any problems in retirement

Retirement Planning Tips: Housing Options Available At Retirement

October 5, 2011 By TheSmartRetiree Leave a Comment

Have you figured out what housing options available at retirement you are going to choose? This is a tough choice for many people with several factors coming into play. One of them is whether to stay in their own home at retirement, move to a new area, move into a retirement community or simply sell their house and move in with the kids. The economy right now all but counts out selling the home. Why? Well, real estate prices at the moment are not conducive to selling a house for maximum gain in profits. People have relied on their house as one of the main avenues of collateral that would provide a large chunk of the retirement income to get them through their golden years. Do you know … [Read more...]

Filed Under: Retirement Homes Tagged With: granny flats, housing options at retirement, housing options available at retirement, in law suites, retirement, retirement home, retirement income, retirement planning, retirement planning options, retirement planning tips, stay in own home at retirement

Retirement Planning Choices: Will The Dropout Generation Affect Your Retirement Benefits?

September 13, 2011 By TheSmartRetiree Leave a Comment

Retirement planning choices need to be made early in life although if you have left your run late, don't worry, the truth is that it's never too late. Came across a fascinating article at time.com which explores the current trend of what's known as the dropout economy. What is it? Well, it seems about one third of kids today who start high school are now dropping out before they finish and this is starting to cause concern in some circles. We say some because there are those who don't seem to be alarmed at this trend and in fact, almost embrace it as something that could be the future. The thinking is; if kids dropout of high school, then they must be onto a better way of making a … [Read more...]

Filed Under: Retirement Planning Tagged With: planning for retirement, retirement, retirement benefits, retirement planning, retirement planning choices, retirement plans

Retirement Planning Choices: How To Make Money Last In Retirement?

August 30, 2011 By TheSmartRetiree Leave a Comment

Choosing the correct retirement planning choices is one thing but how to make money last in retirement; that's a whole different matter. There are two major enemies to making your money last in retirement. They are inflation and the amount of money you withdrawal each time. These are explained perfectly in a report at seekingalpha.com which looks at the issue of the 4% rule. What is it? Well, basically it's the amount people are usually advised to withdraw from their nest eggs in retirement but in recent years and with the way the economy is tanking, there seems to be some reservations about this in many financial circles. Inflation is something you always factor in when preparing a … [Read more...]

Filed Under: Retirement Calculator Tagged With: how to make money last in retirement, make money last in retirement, making your money last in retirement, nest eggs in retirement, preparing a retirement plan, retirement, retirement plan, retirement planning choices

Retirement Planning Tips: How To Overcome A Bad Economy

August 23, 2011 By TheSmartRetiree Leave a Comment

Retirement planning tips in a tough economy might be the last thing on the minds of many people pre retirement right now as they try to get into a job but for those who have just retired have they done enough with their retirement savings to get them through their golden years. Are their savings able to withstand the obvious damage being inflicted by the current down economy? Michelle Singletary at washingtonpost.com has taken a long hard look at this situation and the number of calculations many people are having to make. This is for you if you are either pre retirement or in retirement as it could be indicative of where many are at. Here are just a few of the issues my friend, who … [Read more...]

Filed Under: Retirement Planning Tagged With: pre retirement planning, retirement, retirement planning, retirement planning savings, retirement planning tips, retirement planning tips in bad economy, retirement savings

How Do You Cut Housing Costs In Retirement?

August 3, 2011 By TheSmartRetiree

So how do you cut housing costs in retirement? The baby boomer generation in particular is asking this question a lot and with a vast majority of them to retire over the next decade, how can housings costs be reduced in retirement? Real estate values have plummeted; we don't need to tell you that and the value of the home is not what it used to be...no where near it. ﾠﾠ Many baby boomers were relying on their retirement homes to fund a good portion of their retirement but now they seem caught up the creek without a paddle." What can they do? We came across an excellent article at secondact.com which offers a variety of ways to cut housing costs. Remember, in retirement most people … [Read more...]

Filed Under: Retirement Homes Tagged With: cut housing costs in retirement, how can housings costs be reduced in retirement, how do you cut housing costs, how do you cut housing costs in retirement, plan to cut housing costs in retirement, retirement, retirement homes, retirement homes to fund retirement, retirement income, ways to cut housing costs

Retirement Planning Choices: People Confident Personal Finances Will Improve By Next Year

July 27, 2011 By TheSmartRetiree

Retirement planning choices are certainly on the increase as more and more people become aware of the importance of saving for their retirement. While the previous report talks about the wealth gap which has developed between the while population and the minority population in the US, another survey has shown that people do expect things to improve as early as next year in fact, they expect to have deeper pockets. A report at ifawebnews.com reveals a study by the Simsbury, Conn.-based insurer, The Hartford shows that about 1 in 3 people are confident that their finances will improve next year. That's encouraging. More than 1 in 2 cited debt reduction and savings increase as a way of … [Read more...]

Filed Under: Retirement Calculator Tagged With: retirement, retirement choices, retirement planning, retirement planning choices, retirement planning strategies, saving for retirement, wealth gap

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