Archive for 'Retirement Planning' Category
How long should you assume you’ll live in retirement?
4 August 2006I’ve written about the effect that rising life expectancy has on your retirement before, and today CNN Money has an article along similar lines: a person wrote in to them with a letter stating that he was “not going to plan on living beyond 85. That just seems iffy at best.”
Well, you don’t “plan” how [...]
Retirement Dream: Buy an Island
3 August 2006This post isn’t advice on saving so much as pointing out that it can be much cheaper to have a dream retirement than you think. Case in point: this Kiplinger’s article discusses buying an island to retire on. I would have thought this was unaffordable for most people – but it turns out that if [...]
No Excuse is Good Enough Not to Save
1 August 2006CNN’s Walter Updegrave has an “ask the expert” article out answering the question of a person who asked:
I’m 32 and earn $50,000 a year. I don’t have much money in savings nor do I have a 401(k) plan. I do have an IRA with about $9,000 in it, however, and I plan to contribute more [...]
Example Retirement from Money Magazine
26 July 2006Money Magazine has an interesting exercise in which they look at a real family approaching retirement, examine their income, and give them advice on what they should do. They profiled Calvin and Daisy Dixon, a doctor and his wife who are 57 and 56, respectively:
Calvin’s income fluctuates, and in 2005 it topped $200,000. Each year [...]
How will rising life expectancies change your retirement plan?
24 July 2006If you’re already near retirement, you don’t have all that much to “worry” about. Life expectancy probably isn’t going to change so much for you that you’ll be “forced” to live longer and longer.
For people under 40 or so, however, this is a big concern. Not in the sense that you are worried about living [...]
A Young Couple’s Plan: Save A Salary
20 July 2006I thought this was an interesting goal by a young couple whose plan is to be millionaires:
Paul, 25, and Audrey, 24, have already socked away more than $125,000. Audrey is an accountant, and Paul, who attended college on an Army scholarship, currently is serving as an Army officer.
At the rate they’re saving, the Yazbecks will [...]