If you are married, you need to have a discussion about retirement with your spouse. It may seem like it is far off in the future, but it might be coming sooner than you think. Here are some things you and your spouse should discuss so you can make sure that you are both on [...]
You have probably been told from the time you have started working that it is never to early to save for retirement. With all the options available, finding a place to put money for the future is easy. Is too much being put away though? The 80 Percent Rule The 80 percent rule says that [...]
Experts say that mid retirement begins around age 70. This means that on the average, you have been retired for 5 or so years and have a good handle on how your retirement is progressing. Obviously if you waited until your 70’s to retire, this period may have shifted for you a bit. Planning out [...]
Experts define early retirement as the years from when you retire until you are 70. Of course, if you do not retire until you are 70 or more, then these steps can apply to you as well. Now that you have been retired for a year or two, you should be able to do some [...]
When it is time to shift from being employed to a retiree, all of that saving that was done needs to come into play. There are some things to remember as your savings are now going to be the primary source, and way to generate, income. Watch Your Retirement Withdrawal Tax Rates Depending on how [...]
When is the right time to retire? That is a very complicated question that can have several variables in the answer. While some people continue to work well into their 70s, either by choice or by necessity, most people have plans to retire at some point. So when is the right time for you? Questions [...]
Having an IRA is a great idea for your retirement. There are some rules and regulations that you need to be aware of if you are going to open an IRA for your retirement. Here are some things to avoid if you have or are planning on opening an IRA account. Putting Away Too Much [...]
Divorced or never been married? The reason why you may be approaching retirement single doesn’t matter. Being single is still not an excuse to skip having a retirement plan. Retirement planning can be more challenging and crucial for single folks. Here are some tips for planning your retirement own your own. Start Saving Now It [...]
You can’t start planning for retirement too early. Many seniors find themselves looking retirement in the face and realizing that they haven’t managed to position themselves well for maintaining their standard of living into retirement. With the uncertainty in today’s economy it may seem impossible to properly plan ahead. Spending your retirement watching every time [...]
Understanding how social security benefits work is important for any seniors who are considering retirement. Taking an early retirement and starting to collect social security early has consequences that many retirees are not aware of when they do it. The most costly can be the reduction of monthly payments made when early retirement is taken. [...]