Michael

How Much to Save for Retirement

If you’re wondering how much to save for retirement, you need to examine your present budget and plan for what you’ll need in the future, when you aren’t actively working. Many financial experts recommend that you maximize the amount you are saving by taking advantage of any 401K plans available from your employer. This is…

How Much Money You Need to Retire?

Retirement is a time in our lives that most of us look forward to. Who does not like the prospect of being able to stop working for a living one day; to have the hard work you have put in over the years now, work for you and sustain you in your latter years –…

Four Best Retirement Investments

Understanding the best retirement investments is crucial to attaining your retirement objective. However, you need to understand the difference between investing towards retirement and saving for retirement before you embark on your search for the best retirement investment. All the same, the following are some of the best retirement investments available. Bonds When you buy…

Choosing Your Retirement City

Part of preparing for an enjoyable retirement is deciding where to live and there are many well known publications with resource lists recommending cities and towns for retirees to consider in their search. Using similar criteria (taxes, cost of living, access to medical care, housing cost and the hard to define quality of life), four…

The Best States to Retire In

People want to take it easy when they get older. They save up their nest eggs and worry about making sure they travel to one of the best states to retire. Before the investor can do this, however, he must make sure he knows what he wants. The best place for him depends on what…

The Benefits of Waiting Until Your Full Retirement Age to Retire

Retiring can be a complicated process when it comes to making the most financially beneficial choices about the timing of your retirement. Retiring early is often forced upon the worker by his company’s plans for reorganization. When an employee is faced with the choice to retire now or later, he should do so after having…

Average Retirement Savings for Baby Boomers

When it comes to average retirement savings, nearly one-third of baby boomers over the age of 55 neglect their retirement planning, typically socking away less than $10,000. Only 22 percent of retirees have nestled $250,000 or more. When you reach retirement age, around age 50, all the major financial responsibilities should be well behind you.…

Social Security Retirement Age

Many people want to plan for retirement. Those who may receive spouse’s benefits or who have worked want as much information as possible, to make sound decisions on when to retire or stop working. The social security retirement age for full benefits is 67. However, a person can begin receiving benefits at age 62. It’s…

The Best Pension Plan for Working Americans

U.S. citizens have a wide range of retirement plans to choose from depending on their needs and income level. Government employees have their own plans while those working in the private sector also have their own pension plan. The following are some of the most popular types of retirement investment plans. Everyone knows about the…

The Do’s and Don’ts of Managing Credit Wisely

Get your credit card debt under control! Why does it matter if you have credit card debt right now, if you’re not planning to retire for another 20, 30, or even 40 years? The answer is simple—if you have credit card debt now, chances are you’re paying interest each month instead of investing that money.…