Retirement

Retirement Analysis Article 1 The issue of income tax planning has long been a problem for many Americans and more so for retirees. After working for a major part of their lives, prospective retirees would like to ensure that they get the most out of every dollar they saved for their retirement. In her article “Retirement Relocation: State Taxes Matter More Than You Might Think” Rebecca Barsch observes that states with minimal or no income taxes are proving to be popular destinations for many retirees. One of the cases highlighted in the article is the high migration rate to Florida which has long been a popular destination for retirees. The article highlights the high growth rates of many metropolitan areas mainly due to retiree migration.…

and medical bills of the boomers will overwhelm our ability to pay, and younger generations will be taxed to the max. People who forgot to save (and those who couldn’t) will spend their golden years eking out a miserable existence. Innovation and productivity will suffer as society becomes sclerotic. Our schools will be retrofitted as nursing homes for the dazed and the demented. The bike lanes of our great cities will be clogged with geezers on scooters, motoring to the Early Bird specials at…

amount of social security is slowly decreasing for the younger generation. Now, younger generations can not rely on social security alone to cover them after retiring. As more information for retirement plans are made available, I realized that investing in a plan now while I am young will better prepare me for my future. Through various resources, like financial planning books and articles, I created a investment plan that fits my lifestyle and will not leave me dependent on social security.…

have chosen to interview consist of a retired male age 65 whose career was a respiratory therapist working in a hospital setting for 35 years. His wife who is 62 is currently employed as a registered nurse and has 20 years in the field and does not plan to retire till the age of 65. The couple started retirement fund shortly after entering the workforce. Since, this is their second marriage for both the preparation and working towards having enough to retire only began about 15 years ago.…

David Giertz on Millennials Saving For Retirement Quite often, millennials find themselves financially misinformed when they’re preparing for retirement. Indeed by the age of 22 most of them have started some form of savings but how to do it wisely lacks in their spirit for saving for retirement. David Giertz, a certified business coach, outlines ways millennials can efficiently plan their finances in preparation for retirement. 1. Evaluate your financial status Evaluating your financial status…

When saving for retirement, the most important aspect to consider is not running out of money. You want to make sure you save enough throughout your life to make it to the end of your retirement. When is that? Well for everyone it is different. Not everyone lives the same amount of time, but the life expectancy is continually growing, so that is important to remember when saving for retirement. Selecting a distribution plan is also important because everyone has different needs and retirement…

on if the person is married or single, what age they are, and if they are ready for retirement. When older adults transform into retirement, it can involve a fast adjustment that transforms a person’s social world, relationships, and daily routines. The good things about retirement are the older adult has more time to spend with their loved ones. They also are able to reduce the amount of stress from the work place. In order for an older adult to decide they want to retire they need to make…

How to Avoid a Financially Hard Retirement Retirement is supposed to be the golden years for every senior. However, for many seniors, retirement can be stressful because they have a decreased income and the same financial responsibilities. One of the best ways for seniors to make their retirement years what they’ve always dreamed of is to avoid these financial setbacks. Remaining in the Family Home with a Mortgage Although many seniors love and cherish the home their children grew up in, a…

401K’s and Retirement plans 401K is a very important investment tool and a very important retirement tool. Along with the 401k there are also IRA’s or Roth IRA’s. All of these are great investment tools for your use after retirement. No matter what retirement plan you go with weather it is a 401K, IRA or a Roth IRA you should always do your research and make an educated decision as to which one will be better for you now and any time along your life even after you retire. A 401K is most often…

work and the neighborhood. My kids have also made friends with children from various duty stations. I have missed a substantial amount of time from my family such as when my oldest son started flag football in 2003 and I was deployed to Iraq. Preparing myself for retirement from the Army will start a new path my family and I have yet to experience. As I prepare for retirement from the Army my first step will be to speak to professionals from the Army Career and Alumni Program (ACAP) now…