Im Too Young, Im Too Old, Im Almost Old Enough,
Should I Have A Retirement Plan?
Yes retirement planning is important for all of us. This is not an easy subject for any of us to talk about, but, we must discuss it sooner rather later!
We want to be able to enjoy our golden years comfortably without having to worry about our finances. Planning your retirement is a crucial key to making this happen.
So, what do I need to do to plan for my retirement? You can start by asking and answering some or all of these questions: How long will it be before I retire? Do I have money already saved for retirement and if so, will it be enough for me to retire on? How much money should I put away for my retirement? How should I invest my money in order to achieve the amount of money I want to retire on? How much money will I need to live on to maintain my present and future lifestyle?
All of these retirement planning questions are important for you to think about in order to have solid retirement planning. Once you have answers to these questions, then proceed to start your retirement savings now!
What are some of the areas I can invest my money in for retirement? Stocks, bonds, certificate of deposits, mutual funds, 401K, IRA, Roth IRA, annuities and many other miscellaneous investment vehicles.
Where can I expect to withdraw money for my retirement? Social Security, savings, pension plans, and your investments from 401K plans, certificate of deposits and other investments.
How much money will I need for retirement? It is estimated that you will need approximately 60-80% of your current income at the time of your retirement. This will allow you to live the lifestyle you are accustomed to having by the time you retire.
When should I start saving for retirement? Now! It's never too early or late to start saving for your retirement. The sooner you start the more money you will have for your golden years to live on.
Want to learn more? Check out "FINANCIAL FREEDOM: A Wealth Manual For The Middle Class" by Dr. Bryan Stoker free online at
http://www.autopilot101.com/free/book_FF/index.htm
And don't miss more than 770 ways to slash your bills with our online home study course, "MONEY SECRETS". Check it out at
http://www.autopilot101.com/free/book_MS/index.htm
More Articles
Is There Any Such Thing As Free Debt Consolidation?
The Four Golden Rules Of Personal Finance
The Secret To Never Ending Financial Success
Do You Have A Plan For Sticking To Your Budget?
Thinking About Buying A Vehicle?
Forecasting The Future Value Of Your Roth-IRA Or Roth-401(k)
5 Crucial Home Business Tips To Realize Financial Freedom
7 Quick Cash Fixes To Recover From A Money Emergency
Related Products And FREE Videos
More Articles
Smart Moves For Retirement Readiness
... you want. Typically, investors who are able to achieve the retirement lifestyle they want have created a detailed, realistic budget for retirement living expenses. Investors should plan for rising health care costs and other financial contingencies. To help stay on track, individuals and their spouses should review their plans annually, including expenses, investments and asset allocation. Creating ...
Budgeting For Emergency Funds?
... return or interests but on placing a fixed amount of money away constantly and steadily so to have immediate access to it at all times. In spite of one s financial status, the initial step in the process of constructing an emergency fund is by knowing where your money is presently being consumed or spent. When one recognizes and determines where one s earnings are spent, then it will be easy for one ...
The Budget – The Ultimate Financial Management Tool
... financial reef. If you have a spouse or a significant other, you should make this budget together. Sit down and figure out what your joint financial goals are long term and short term. Then plan your route to get to those goals. Every journey begins with one step and the first step to attaining your goals is to make a realistic budget that both of you can live with. A budget should never be a financial ...
The Four Golden Rules Of Personal Finance
... they do. Or, you and your friends need to pay a deposit for renting a house and they expect you to write the checks because you have the money available and they do not. The neighborhood that you live in also creates financial pressure to violate the first two financial goals. Your neighbors are likely to become friends (and Ive already gone over this), but they also influence the size of your home, ...
... connotation for most people than simply being a saver, a cheapskate or tightwad. There is a thin line difference to saving and too much frugality to the point of being awkward and ridiculous. This is where the negative connotation comes from. But if you are guided with the right principles and reasons in deciding to live a frugal life, you would never go wrong. If you have decided to live frugally, ...