Business & Finance - Your Retirement
|Whatever you think about retirement — that
it’s sneaking up you, staring
you in the face, or taking its own sweet time — you’ll have to make a
of financial decisions when you retire that will affect your lifetime
and your beneficiaries’ long-term security.
You many find the prospect of making these choices intimidating,
as you discover that some of your decisions are irrevocable. And when
comes to managing money, even your revocable decisions can have
Biggest Retirement Mistakes - The important thing is to know –
with as much accuracy as is possible – is how much your income needs
during your retirement years and how much they will change during those
as mortgages are paid off etc. Too many
people go into retirement either blind to these figures, or using that
thumb that has no bearing on their individual situation.
How Inflation And Lack of Inflation Can
Affect Your Retirement - If you are on a fixed pension with
no cost of living adjustment or a fixed annuity payment, things may be
fine now but become more challenging later in life as you
cope with higher prices. The solution is that when you are
planning for retirement that you incorporate not only “fixed” cashflow
sources like annuities, pensions and bonds but also assets that
generally can keep pace with inflation such as stocks and commodities.
How Baby Boomers Can Generate Steady Income
From Their Investments - Many in the Greatest Generation
worked as long as they could and very few were fortunate enough to have
a retirement that would be considered ‘golden’ by today’s
standards. How many spent the last 1/3 of their lives pursuing
hobbies and leisure instead of working? Yet boomers retiring in
their 60’s can expect to live about 30 years in retirement which is a
lot longer than their parents.
How to Select the Right Retirement Plan If
You’re Self Employed - The good news is that the correct
plan can help you save a significant amount of money toward your
retirement and provide generous tax advantages as well.
Investment Advice for Fun and Profit
[Theirs, not Yours!] - A horrible (though apparently for
some people still unacknowledged) fact of our National political life
is that the Social Security system cannot remain solvent except as a
pay-as-we-go system. That is, younger people pay, and older
people draw benefits. For the past 65 years, this arrangement has
worked fairly well, because older people died early enough not to
strain the system. But we live longer now, and there are fewer
young people paying, for each older person who wants to retire.
What Women Need to Know About Retirement
- Today, our retirement system still functions as if most of the
workers in America were men. But with 69 million women in the
workforce—and 10 million of them the sole breadwinners in their
families—it is time and past time to bring our retirement policies into
the 21st century.
Senior Investor Resource Center
the oldest international investor protection organization, NASAA is
pleased to provide the tools seniors can use to protect themself
SIPC (Securities Investor Protection
Corporation) - SIPC urges all investors to understand the
dangers of investment fraud and where to turn for help if swindled.
Did You Know?
withdraw 10% of your retirement account in a year in which your
investment return is 5%, you’re not locked into taking the same amount
the following year. But if you continue to withdraw at a faster rate
your account grows — even if you really need the money to live on — you
run the risk of running out of money much sooner than you anticipated.
There are some retirement choices you have
to make carefully, since
you can’t change your mind once you’ve committed yourself. Here are
to watch out for:
• Taking a lump sum withdrawal from your
• Choosing the way your pension annuity will be paid
• Buying an immediate annuity