RETIREMENT AND
MONEY
Saving for
Retirement
The key to a happy retirement is to
have enough money to live on, but not enough to
worry about.
- Unknown Wise
Person
Research has shown that nearly half of
all workers in the United States have less than $25,000 in
total savings. Even more startling is the fact that slightly
more than one in five workers say they have no savings of any
kind.
Reasons Why You Should Save for
Retirement
- Because you don’t want to work forever, and you
will ultimately be responsible for paying for your
retirement.
- Because you want to have enough money saved for
a comfortable retirement.
- Because you don’t know how long you will be
able to work.
- Because you don’t know how long you will
live.
In 2006 Gallup identified the top 10 sources of
retirement income available to
Americans.
1. 401(K) & other
retirement savings accounts
2. Home equity
3. Pension plans
4. Social security
5. Bank accounts and certificates of deposit
6. Stocks and mutuals funds
7. Retirement jobs
8. Annuities or insurance plans
9. Inheritance
10. Rent and royalties
Retirement Income Resources
1. Retirement
Income Calculator: Take an
edcuated guess at how much money you will have to
spend in retirement by estimating your retirement
benefits at this U.S. Government
website.
2.
Budgeting & Savings Tips For
Retirees: Financial advice on the
right way to change spending habits and learn why the wrong
ways don't work. Budgeting is an important tool to use at
any age, although to many of us it sounds like a four
letter word. Practical ideas for budgeting and saving that
make managing expenses easy.
3.
Fiscal Fitness for Older
Americans: Stretching Your Savings
and Shaping Up Your Financial Strategies. Advice from
The Federal Deposit Insurance Corporation which has been
publishing FDIC Consumer News quarterly since 1993 to help
people protect and stretch their money.
4.
National Save for Retirement Week :
National Save for Retirement Week is a key event employers
use to inspire their employees to save more for
retirement.
5.
Retirement Saving
Tips: From the Choose to Save
Website.
Retirement Job Resources
1. Retirement
Jobs and Retirement Businesses at The Real
Success Resource Center: For Retirees who want
to retire to a job they love instead of one they
love to hate! Top-10 Retirement Jobs. Top-15 Cool
Retirement Jobs. Also retirement business
ideas.
2.
Retirement Job and Retirement
Business
Resources
at The Retirement Cafe: Retirement Jobs
and Retirement Businesses for Retirees Too Bored with Being
Retired
3. Best
Retirement Jobs on Squidoo:
Looking for interesting and rewarding work opportunities
after retirement but aren't sure what to look for? This
webpage provides some resources that can help.
4.
Unreal Retirement Jobs and Dream Retirement
Careers on the
UnrealJob.com Website: Unreal
Retirement Jobs and Dream Retirement Careers: Approaching
retirement and not sure if you want to quit working? Check
out these retirement job resources loaded with
opportunities perfect for the skills and maturity you can
provide!
Quotes about Retirement
and Money
Retirement can be a great joy
if you can figure out how to spend time without
spending money.
- Author Unknown
You can be young without money but you can't
be old without it.
- Tennessee Williams
I advise you to go on living
solely to enrage those who are paying
your annuities. It is the only pleasure I have
left.
- Voltaire (in retirement)
Retirement: The time in your
life when time is no longer money.
- Unknown wise person
It's an absolute fact that as
people get older they spend less money.
- Rick Ferri president of money-management firm
Portfolio
Solutions in Troy, Mich.
COPYRIGHT © 2010 by Ernie J.
Zelinski
All Rights
Reserved
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