Finance Blog
Creating a Realistic Plan For Retirement
Of all the misguided concepts I embraced when I was younger, one of the most ridiculous involved retirement planning. “Why plan for retirement?” I thought. “I’ll be dead by then.” Luckily, as I got older I wised up and realized that I needed to start planning. But I’m sad to say there are still folks out there that think the way I did in my youth, and as a result they are not properly planning for retirement.
Retirement isn’t a question of if—if you’ll get sick, if you’ll have unexpected expenses, and so on—it is a question of when. It is also about making the right decisions now—preparing for the worst and hoping for the best.
Here are some things for which you should be planning as you chart your course toward retirement. This way, you can enjoy your golden years instead of working yourself into the grave.
Realistic future living expenses
Food, shelter, transportation, and clothing—these will all be more expensive when you retire. If you think a loaf of bread and a gallon of milk are expensive now, can you imagine how much more they will cost in 20 or 30 years?
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Creating a Realistic Plan For Retirement
Written by Steve Repak on May 20, 2013
1 comment
Of all the misguided concepts I embraced when I was younger, one of the most ridiculous involved retirement planning. “Why plan for retirement?” I thought. “I’ll be dead by then.” Luckily, as I got older I wised up and realized that I needed to start…
Retirement Savings: Risks and Benefits of Target Date Funds
Written by Jeff Rose on May 13, 2013
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A target date fund is a type of mutual fund that many people add to their retirement savings accounts in order to diversify their investments—“target date” usually refers to the date on which the portfolio owner wishes to retire. Using this type of fund can…
How to Retire at 40
Written by Jeff Rose on April 22, 2013
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Retiring by the time you turn 40 might sound impossible, but it most definitely can be done. With some careful retirement planning and creative savings strategies, you can begin your retirement while you are still young and spunky. Getting started on your retirement savings as…
When Can You Stop Paying for Life Insurance?
Written by Jeff Rose on April 22, 2013
1 comment
Life insurance is one of those topics about which I often hear questions. Many people don’t quite understand why they need to pay for a life insurance policy—or they are afraid that they might eventually need to use one. Most of us want to insure…
What To Do With Cash: Pay Off Debt Or Invest?
Written by Steve Repak on April 8, 2013
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Sometimes we find ourselves with a little extra cash through a tax refund, a bonus at work, or some other unexpected windfall. What are you going to do with all of that money burning a hole in your pocket? Treating yourself is sometimes nice, but…
Where Do You Want to Retire?
Written by Jeff Rose on March 25, 2013
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The perfect place to raise a family isn’t always the perfect place to retire. That’s why it’s important to ask yourself a few important questions before deciding where to settle down for your golden years. Jeff Rose, Certified Financial Planner and creator of the Good Financial Cents blog, gives soon-to-be retirees some things to consider before making a move.
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