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    Retirement
    Retirement
    Retirement
    Ebook208 pages2 hours

    Retirement

    By Manuel Braschi

    ()

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    About this ebook

    Introduction

    You've worked hard all your life and one day the big day will arrive – you'll retire. For now it probably still seems a long way into the future, but the reality is that the sooner you get ready for retirement, the more you'll benefit when that day comes.

    Yes, financial planning for retirement takes some effort; it doesn't just happen by itself. You'll need to dedicate time and discipline to preparing your strategy. But it willtruly be worth it when you reach your golden years.You don't need to become a genius at trading stocks; you only have to know the basics of how it all works.

    Retirement probably still seems a long way off, and it's probably much easier to put off doing some financial planning until tomorrow.But the earlier you get started, even if it's just expanding your financial knowledge, the more you'll benefit in the end.

    "Retirement - Achieve A Balance & Healthy Lifestyle In Your Retirement!" will assist you in getting the information you will need to plan ahead for your retirement & enjoy life to the fullest when you are ready to retire.

    LanguageEnglish
    PublisherManuel Braschi
    Release dateNov 29, 2017
    ISBN9781386292029
    Retirement
    Author

    Manuel Braschi

    I am dedicated to providing my readers with the latest and most up-to-date e-Books on topics such as Health & Fitness, Self Improvement, Internet Marketing, Social Media and other genres of interest.

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      Book preview

      Retirement - Manuel Braschi

      Introduction

      Financial Planning for Retirement

      You’ve worked hard all your life and one day the big day will arrive – you’ll retire. For now it probably still seems a long way into the future, but the reality is that the sooner you get ready for retirement, the more you’ll benefit when that day comes.

      Starting in your 20's or 30's is the best time to start planning financially for your retirement, but most of us are a lot close to retirement before we really get serious about preparing. But if you’ve ever heard of compounding when it comes to investments, then you'll know that the more time you give your money to compound, the faster it grows.

      The other important thing to remember is that expected life spans have increased substantially in the law few decades. Not that long ago, someone would retire from work, maybe enjoy their retirement for five years or so, and that was it.

      It’s increasingly common for both men and women to live well into their 80's, with the average expected lifespan hovering around 80 years old. It’s very possible tat you’ll retire and love another 20 or 30 years afterwards. Yes, you will probably be able to survive with government assistance – but that’s all it will be, survival.

      Yes, financial planning for retirement takes some effort; it doesn’t just happen by itself. You’ll need to dedicate time and discipline to preparing your strategy. But it will truly be worth it when you reach your golden years.

      If you’ve never been taught anything about your finances, this whole concept of preparing a retirement plan can be very daunting. You’ll need to spend some time acquiring some knowledge and skills.

      It’s also important that you don’t focus so much on retirement that you leave yourself without enough funds to enjoy your life right now. Balancing between present and future needs can be very difficult, but if you decide to succeed, you’ll find a way.

      The good thing is that there’s a huge amount of information available to help you learn about financial planning for retirement. So there’s no need to panic. You don’t need to become a genius at trading stocks; you only have to know the basics of how it all works.

      Remember, too, that you don’t need to know everything yourself, or even do it all yourself.

      Retirement probably still seems a long way off, and it’s probably much easier to put off doing some financial planning until tomorrow.

      But the earlier you get started, even if it’s just expanding your financial knowledge, the more you’ll benefit in the end. Time has a tendency to disappear much quicker than we expect, so don’t suddenly wake up at the last minute and realize you’ve missed your chance to retire in financial comfort.

      Retirement - Achieve A Balance & Healthy Lifestyle In Your Retirement will assist you in getting the information you will need to plan ahead for your retirement & enjoy life to the fullest when you are ready to retire.

      ––––––––

      Table Of Content:

      1. The Clock Is Ticking

      2. The Joy Of Retirement

      3. Do Not Count On SS Only!

      4. Ways To Put Aside Money

      5. Building A Golden Nest Egg

      6. The Basic Criteria

      7. How To Find Retirement Plans

      8. Retirement Goals

      9. Transferring A Retirement Account

      10. Choosing The Right Community

      11. Employee Benefit Tips

      12. Continuing Care Retirement Community

      13. Tax Credits for Retirement Savings

      14. Mutual Funds

      15. Investing For Retirement

      16. Retirement Planning Software

      17. The Civil Service Retirement System

      18. Free Retirement Planning Program

      19. Early Distributions From Retirement Plans

      20. Unsecured Debt Consolidation Loan

      21. Simplified Employee Pension

      22. Beat The Pension!

      23. Catch Up On My Retirement Planning!

      24. Vacation Homes

      25. Can't Save Enough?

      26. Your Retirement Hopes

      27. Do You Have Enough Hobbies?

      28. Retirement & Depression

      29. Retirement Calculator

      30. Retirement Home

      31. Steps To A Comfy Retirement

      32. Pension Plans Being Taken Away

      33. Issues After Retirement

      34. Credit Cards & Retirement

      35. Retirement Tips

      36. Smart Moves

      37. Sell Retirement Annuities

      38. Why Prepare For Retirement?

      39. Winning Or Losing?

      40. Don’t Drop the Ball!

      41. Health Insurance Needs

      42. Spring Cleaning In Retirement

      43. Stay Connected In Retirement

      44. A New Inspiration!

      45. No Cold Soup!

      46. Your Retirement Income Mindset

      47. Retirement Party Ideas

      48. Ways To Remain Connected

      49. Retirement Plan For Solo Entrepreneurs

      50. Beginning Of A New Life

      51. IRA Distribution Mistakes

      52. Your Retirement Abroad

      53. Retirement Budgeting

      54. Planning For College Grads

      55. Saving For Health

      56. Extra Income In Retirement

      57. Retirement Investments

      58. Retirement Homes In Tampa

      59. Stocks For Retirement Income

      60. Retirement & College Savings

      61. Baby Boomers & Retirement

      62. Retirement Income for Life

      63. Saving For Retirement

      64. Stock Investors Stole Your Retirement?

      65. Baby Boomer Retirement Options

      66. Let Your Knowledge Pay You

      67. Escape The Illusion!

      68. Military Retirement

      69. Condo Hotels & Retirement

      70. Consider Early Retirement Carefully

      71. Ways Of Finding Your True Identity

      72. Transition Yourself Into Retirement

      Image result for The Clock Is Ticking

      ––––––––

      The Clock Is Ticking

      Are you ready for retirement? Sure, you're mentally prepared to leave the everyday rat race, to throw your alarm clock in the garbage, and to spend your days doing whatever you so please. The question is: are you ready financially? If you're like most Baby Boomers, the answer is probably no.

      A recent study by the Employee Benefits Research Institute showed that over 50 percent of workers ages 45 to 54 have less than $50,000 saved for retirement. The Center for Retirement Research (CRR) at Boston College completed a study that showed nearly 54 percent of low-income Baby Boomers born between 1955 and 1964 are at risk for missing their retirement savings goal.

      Research by Fidelity Investments shows that most Baby Boomers have enough saved for retirement to replace just 59 percent of their full-time working income. The numbers don't lie: most Boomers are not ready to retire, regardless of what they think.

      But all is not lost. Its never too late to start planning your retirement. However, the closer you get to retirement age, the more aggressively you need to save. Its also possible that you might have to work a few years longer than you thought you would, or pursue money making ventures outside of your life-long career.

      Okay, say you've hit the big 5-0. Retirement is suddenly not such a far off proposition, but a short-term reality. In no way are you ready financially, so its time to buckle down. The first thing you need to do is take a good, long look at that 401(k) of yours. Max it out. That's right, make yourself a budget and sacrifice if you must, but find every last available dime and pump it into that fund. It deserves your attention.

      Thankfully, there's something called a catch-up provision that was created for people just like you. It allows people 50 and over to add an additional $5,000 to their 401(k) over the maximum allowed by law. Not bad. For IRAs, you can contribute up to $1,000 per year. Do it. It'll be well worth it.

      Once you've maxed out your retirement funds, take a look at your personal budget. Sit down and find out where all your money is going, and where you can save. Pay off high-interest credit card debt as fast as you can, refinance car or home loans, phase out your more expensive habits or hobbies; do whatever it takes to save a few extra dollars per month towards your nest egg.

      Also, don't rule out working a few more years. Many people love their jobs, have friends at work, or enjoy being part of the everyday work force. If you don't have grand plans of jet-setting around the world during your golden years, then there's nothing wrong with punching the clock for a little while longer. It'll give you something to do while definitely sweetening the pot when you do decide to retire.

      Done with working for the man? Then consider taking something part-time or even launching your own start-up. It could be something you've always been interested in, but never had the time or drive to actually do. Who knows, it could be something you make money on and will enjoy well into retirement. Nothing wrong with that.

      However you choose to build your long-forsaken nest egg, don't wait a minute longer. When it comes to saving for retirement, time is money.

      ––––––––

      Image result for The Joy Of Retirement

      ––––––––

      The Joy Of Retirement

      You just spent 30 years making reports, fielding phone calls, filing papers, and pacifying your boss at the office. At the end of each day, you find your energy gradually waning as you reach that point wherein you wanted to declare the last part of your work retirement.

      Retirement is when an individual feels like withdrawing from their occupation to find some time for their selves and contemplate on how much he or she has earned or saved.

      Everybody needs a time to stop working, reflect back upon the past, and enjoy whatever life has to offer with the individuals retirement plan or pension staying close behind.

      However, the problem of retirement using the typical pensions plans like that of the Social Security; people should start relying on their own savings than the usual way of planning for retirement. This is because the Social Security is gradually losing more assets than it should be gaining in order to adequately supply the much-needed funds of their members.

      In fact, the agency asserts that they are paying more than what they collect. They estimated that with all the assets being utilized at exceptional rate, they might only be paying 72% of the expected retirement compensation of the members.

      This goes to show that people should try to rely more on their personal savings and other sources of their retirement plans. This will bring about a more balanced view of all the aspects as far as retirement is concerned.

      So what are the alternatives to Social Security? Here is a list of the other retirement schemes that you can start planning by now so that by the time you reach your retirement age, you will not solely rely upon your social security retirement benefits.

      1. Annuities

      These are highly adaptable insurance contracts intended to provide earnings and help you reach financial stability even after you have reached your retirement age.

      2. Investments

      Saving money is just the beginning. You have to choose ventures that will provide you with greater money over the long period.

      Try to look for the lifestyle mutual fund, which puts a portion of your money in diversified stocks and the other portion in bonds, and maintains a solid balance between the two.

      Another good choice is the target retirement fund. Its portfolio becomes more conservative as you approach retirement age.

      3. 401 (k)

      Your employers 401 (k) or 403 (b0 can be great sources of retirement benefits. Here, the company will deduct a portion of your income and invest the amount on mutual funds, usually on your chosen instrument.

      4. Emergency account

      Try to move your money automatically each month from your checking account into an account earmarked for unexpected expenses. Aim for a sum that will cover three months worth of basics (mortgage, food, utilities, car payments, etc.)

      Once you have built this nest egg, you would not have to withdraw from long-term savings if a crisis hits.

      There is no secret to building wealth after retirement. You only need to live less than you make and invest the surplus well. When you save money and invest automatically, your retirement would definitely be the best phase in your life where you enjoy relaxation with no financial obligations to worry about.

      Image result for do not count on social security only

      ––––––––

      Do Not Count On Social Security Only!

      As many workers approach retirement age they begin to look through their retirement account and are dismayed that what they have managed to save over the years will not come close to what they need to live on in their so-called golden years.

      The funds they established when they were in their 20's or 30's may not have considered the rising costs of housing, food and transportation and may not be sufficient to cover medical expenses, which have gone through the roof in the past few years.

      As the initial anxiety subsides, they may realize there is a need for additional funding and with the dire condition of the Social Security fund, it probably cannot be counted on to make up the difference.

      Finding a higher paying job may be desirable, but probably unlikely, revealing the available option of finding additional sources of income. Many may believe they have worked too hard for too long to have to find a part-time job to help augment their retirement account, but many more are realizing there can be gold in the

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