Retirement
Tips For Obtaining Extra Funds in Retirement
The Good Old Days are Gone
Years ago when a person hired into a job it was generally until the age of retirement, 30+ years. Companies gave pensions to workers to encourage longevity with the company. The retiree had a 401K, CD’s paying 15%, stock and bonds, and other high interest savings accounts. At retirement they lived off of monthly interest, in addition to Social Security. Retirees also had health, dental and vision insurance through that company until the day they died. People had their homes paid for by the time they retired. Read the rest of this entry »
Eliminate Debt Before You Retire
No one wants to spend their retirement worrying about money. Unfortunately, in today’s economic environment debt is common. Once you retire it is almost certain that your income will decline. But if you have loads of debt, your expenses will stay almost the same or even grow with the accumulation of interest.
In days past, it was expected that you would have your mortgage paid off and be debt free by the time you retired.
The key is to get your expenses under control before even considering retirement and that is why many people these days are planning on postponing retirement for a year or two, either because Social Security retirement ages have been postponed or because of out-sized debt.
Many others who have already retired are even taking on part-time jobs at McDonald’s or Walmart to provide a bit of a cushion.
So the best idea is to eliminate debt before retirement, to avoid the possibility of having to take on one of these types of jobs afterward. Read the rest of this entry »
Retire In 10 Year Years? Here’s How…
Believe it or not, it’s pretty simple.
No complicated math is required and you don’t have to be a financial expert.
However, the bad news is almost nobody will do it.
According to Employee Benefit Research Institute more than half of U.S. workers have less than $25,000 in accumulated savings and less than 46% have even bothered to figure out how much money they need to retire.
This not the way to retire in 10 years, but it is a prescription for serious financial problems later in life.
You can do better when you understand the following simple principles…
Read the rest of this entry »
Bulletproof Your Retirement Account
If you are looking to retire in the next 10, 15, or even 20 years, it’s time to have a strategy in place before it’s too late.
Now is the time to plan and protect your family’s future by turning your portfolio into the financial fortress that you’re counting on in the
years to come.
In today’s short video, I share with you a way to bulletproof your retirement portfolio. Read the rest of this entry »
