Retirement PlanningRetirement Planning
“Don't simply retire from something; have something to retire to.”
--Harry Emerson Fosdick
Retirement planning services: Let's face it. Everyone has to address retirement at some point or another. Whether it is choosing when to retire, whether or not to retire, or determining if you have enough money to last through retirement, you must eventually face your own retirement needs. Similar to other topics in our blog, we have begun a conglomeration of everything you need to know about retirement planning. As you read through our retirement articles, we recommend keeping a list of things that are relevant to your situation. When you are ready to discuss a variety of retirement planning services that match your particular needs, we urge you to schedule a time to meet with one of our qualified financial consultants.
Retirement Crisis
Sixteen startling facts about the coming retirement crisis and how they may dramatically affect your golden years...
#1 Beginning January 1st, 2011 every single day more than 10,000 Baby Boomers will reach the age of 65. That is going to keep happening every single day for the next 19 years.
Spend vs. Invest – The Art of Money Accumulation
How a person spends money can be far more important than how he or she invests it. It is much easier to reach retirement goals by deciding how to live, rather than how to invest. Deciding what to do with the money we earn - how to spend it - is what brings about peace of mind, not how much we make or how much we have.
The late Loren Dunton, founder of the non-profit National Center for Financial Education in San Diego, wrote about his lifestyle decisions to buy new cars and spend weekends in Reno, instead of investing a hundred dollars each month in a mutual fund when he was in his late twenties. That fund would have been worth over a million dollars today.
How Pareto's Law Applies to Insurance Planning
You are probably familiar with Pareto’s Law. It says, in effect, that almost everything in life somehow breaks down to an 80/20 ratio. For example, 20% of the people accomplish 80% of the work, or that 20% of the people earn 80% of the money, and that losers outnumber winners by 4 to 1.
Vilfredo Pareto was an Italian economist who died in 1923. More than sixty years later, we are finding ever-new applications of his “law” in modern economic circumstances.
Senior Inflation is Increasing
As you assess whether or not senior inflation is a topic that affects you, ask yourself these questions:
- Are you a senior in perfect health?
- Do you hate to travel?
- Do like to live on very little food?
- Are you a complete do-it-yourselfer?
Is Retirement Right For You?
The Top Questions You Need To Ask Yourself About Retirement
Working beyond retirement age might appeal to you for a number of reasons. You will have ongoing socialization, an opportunity to keep mentally and physically active, and hopefully an escape from boredom. It may give you a reason to get up in the morning. It exposes you to a mixed age group. And, of course, it can help supplement other income sources. Plus, it may help you feel like you are contributing to society in a meaningful way.