retirement planning

Managing Your Money and Your Expectations For Retirement

February 1, 2017 by Tim McMahon

Any change can be stressful, even a “good change” but especially stressful are changes regarding financial stability and retiring from work is one of the biggest changes in life. Relying on investments and savings rather than a monthly salary can seem daunting at first, but a little planning goes a long way, especially if you do so sooner rather than later.

Planning Ahead

You can start planning for retirement at any age but obviously [Read more…] about Managing Your Money and Your Expectations For Retirement

Protect Yourself Against Retirement Fraud

March 6, 2013 by Tim McMahon

People who retire have worked many years to earn what they have. Retirement accounts such as pensions, 401Ks and IRAs are carefully funded and managed over the employee’s working life to ensure there will be enough money in them to provide for the person’s retirement. Unfortunately, there are many people out in the world whose goal is to take the very money these workers have spent so many years earning and saving.

After all, they reason, why spend years accumulating it when you can steal it all in a few minutes? Retirement fraud is big business to some, and they will stop at nothing to get other peoples’ hard-earned money. Senior citizens have long been targets of scams. So after retiring, there are many scams you should be wary of, so that you are not left broke and wondering what to do next. Here are some tips to help you avoid becoming a victim.

Don’t Be Rushed

Don’t allow anyone to [Read more…] about Protect Yourself Against Retirement Fraud

Planning for a Carefree Retirement

July 28, 2012 by Guest Contributor

Retirement Planning

By Contrarian Investing

RETIREMENT…

Golden Rules for a Golden Era –

Just bring them into practice,

Reap the harvest of your careful ways

And Breeze through your retirement days!

The longer you have to plan for retirement the easier it will be to attain your retirement goals. If you wait until you are 50 or 55 to start planning you will have to save a much larger percentage of your salary. But if you plan ahead and stay committed to your retirement goals you can still have a happy stress free retirement.

Calculate How Much You Will Need For Retirement-

Consider the age of your planned retirement and estimate the amount of money you will need then for your expenses by considering that you will probably need about 70% to 90% of your before retirement income in order to maintain your present living standards. Be sure to take inflation into consideration– Adjust your estimate to take into consideration the effects of inflation on your cost of living. To do this you can use the Retirement Planning Calculator.

Become Debt Free Before Retiring-

It’s difficult to fund a retirement with huge debts hanging over your head and virtually impossible to actually retire in that condition. So start by living within your means now and clear any debts that you have accumulated. According to the Bureau of labor statistics, the average retiree retires at around 62 and lives about 17 more years. So you have a lot of years to spend in retirement and you need to prepare for them financially. [Read more…] about Planning for a Carefree Retirement