www.retirementdotcom.com http://www.retirementdotcom.com Tue, 14 Feb 2012 00:00:00 +0000 en hourly 1 The Importance of Planning for Retirement http://www.retirementdotcom.com/2012/02/14/the-importance-of-planning-for-retirement/ http://www.retirementdotcom.com/2012/02/14/the-importance-of-planning-for-retirement/#comments Tue, 14 Feb 2012 00:00:00 +0000 admin http://www.retirementdotcom.com/?p=13 Retirement might be considered the big pay-off for some but you still need a plan when you ease on into it. Otherwise, you could really be taken by surprise when things really start to pick up. Having enough money and investments are only half the battle, you also need to consider other things like living arrangements and reliable utilities or you could find yourself in a real world of hurt.

The first things you need to figure out are your phone and other utilities. If you plan on living in the same home you have always lived in then that’s fine, but what about those who must relocate for both their health or their safety? Research into reputable phone companies and other utilities is important. For example, if you’re moving to Clarksville, Texas consider looking into some reputableClarksville electric services and the like, but wherever you go, make sure you familiarize yourself with the territory and the associated services.

Nowadays, it seems, retirement has gone from being the big break to a source of stress for many Americans but it doesn’t have to be. With just a little research and some proper planning you won’t have to be taken by surprise by all the little obstacles retirement can present.

]]> http://www.retirementdotcom.com/2012/02/14/the-importance-of-planning-for-retirement/feed/ 0 How To Stretch A 401K For Life http://www.retirementdotcom.com/2011/07/16/how-to-stretch-a-401k-for-life/ http://www.retirementdotcom.com/2011/07/16/how-to-stretch-a-401k-for-life/#comments Sat, 16 Jul 2011 00:00:00 +0000 admin http://www.retirementdotcom.com/?p=12 We hear all of the time how important it is to save for retirement. It is eqully important to think about how much you will need to live each year after you retire and how to make your money last. When many of us think of retiring we may think of traveling and other hobbies. But those things take money.

Think about what you will need each month compared to what you currently spend. In many cases your mortgage may be paid off so your housing expenses may be less but your medical expenses and others may be higher.

One way to stretch your money may be to downsize your home. Waiting until the maximum age to take Social Security may produce an additional 20 in your benefits. Also, if you are able and find a job that you enjoy you may choose to work part time. Or if you enjoy your current job you could delay retirement or see if you could cut your hours from full time and continue working.

Another expense to consider is long term care. With the life expectancy continuing to get longer there is more of a chance that you could need additional care over the years.

]]> http://www.retirementdotcom.com/2011/07/16/how-to-stretch-a-401k-for-life/feed/ 0 How To Avoid Fees In Investing http://www.retirementdotcom.com/2011/07/12/how-to-avoid-fees-in-investing/ http://www.retirementdotcom.com/2011/07/12/how-to-avoid-fees-in-investing/#comments Tue, 12 Jul 2011 00:00:00 +0000 admin http://www.retirementdotcom.com/?p=11 If you want to avoid excessive investment fees, make your own investment decisions, avoid paying someone to do it for you, and to avoid frequently making investments. If you do these two things, you’ll be able to keep your investment fees as low a possible. Paying for financial advice can add up to a lot of money, and if you have a firm investing for you, it’s required that you pay a fee to them whenever they make investments for you, so by making your own investment decisions, and handling your own investments, you can save a lot of money by not having to pay someone to do it for you.

If you frequently invest, their are fees that go along with doing it. If you don’t invest frequently, and you become a buy and hold investor, you can lower the amount of transaction fees you have to pay for making investments. If you want to keep your fees down, doing your own investing, and don’t jump in and out of investments. If you do this, not only will you pay less fees, but you will also have more money to invest, so you can make more money from your investments.

]]> http://www.retirementdotcom.com/2011/07/12/how-to-avoid-fees-in-investing/feed/ 0 Best Retirement Plans For People In Their 40s http://www.retirementdotcom.com/2011/07/09/best-retirement-plans-for-people-in-their-40s/ http://www.retirementdotcom.com/2011/07/09/best-retirement-plans-for-people-in-their-40s/#comments Sat, 09 Jul 2011 00:00:00 +0000 admin http://www.retirementdotcom.com/?p=10 Most people should have saved by the time they reach their 40s since by this time most individuals are usually in the highest earning potential category. However, this is not always the case since people face different challenges in life that make it difficult to prepare sufficiently for retirement. Preparing for retirement requires a strategic plan or in essence just enough savings that will cover what they need to support their way of life.

Maximum level of savings

When people reach their 40s, it is a clear sign that they are getting nearer to their retirement age. This is the time to make some tough decisions on how the monthly paycheck is spent. With a target retirement package in mind, individuals should know the percentage contribution required towards the ideal retirement package. Saving to the maximum is one of the best strategies individuals should go for, however, you should also look for a good savings scheme to increase the savings potential.

Independent Savings

Most people rely on what their employment retirement benefits have to offer. This is good enough; however, independent retirement accounts hold other benefits that would maximize on savings potential due to benefits like tax advantages and many more. If you are not sure where to save, seek advice from employment benefit authorities or financial consultants.

]]> http://www.retirementdotcom.com/2011/07/09/best-retirement-plans-for-people-in-their-40s/feed/ 0 Learning To Diversify Your Retirement Portfolio http://www.retirementdotcom.com/2011/07/08/learning-to-diversify-your-retirement-portfolio/ http://www.retirementdotcom.com/2011/07/08/learning-to-diversify-your-retirement-portfolio/#comments Fri, 08 Jul 2011 00:00:00 +0000 admin http://www.retirementdotcom.com/?p=9 Whether you are a young worker just entering the job market place, or you are close to retirement, there are many different options for retirement planning available to workers in the United States today. Many companies offer employees different retirement account plans. The most common ones are: the 401K, Roth IRA (or regular IRA accounts), stock option plans, and other incentives which employers offer thier employees. These incentives are offered both for the employee to remain loyal to a company, and remain an employee with them, and also to give you, the employee, the financial assistance you will need once you are ready to retire.

The best way to have a healthy retirement portfolio, and to know you will have the funds you need when it comes time to planning your retirement, is to have a diversified retirement portfolio. This means having a little bit of everything. An IRA, 401K, and stocks, don’t feel like you can only own one. Diversifying your retirement portfolio is the easiest way to get the most back on your earnings while you are still working, and it’s the best way to have a healthy retirement fund set up for you when you are ready to retire.You thought this was good? Brace yourself: Roth 401k vs. Traditional and Roth IRAs

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