Tag: Retirement
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Beginners Guide To Saving for Retirement
Developing a productive savings plan is something that anyone can afford, even if you think your budget is already stretched tight enough. Regardless of the amount of money you are currently left with at the end of the month, a savings plan is something that is essential to every household and really needs to be…
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60% of Middle Class Retirees Will Outlive Savings
A recent study by the Americans for Secure Retirement foudn that 3 out of 5 middle-class Americans will outlive their retirement savings because they will fail to reduce their expenses in retirement. It’s a scary study but it makes sense, people think they will spend less in retirement but often don’t. You might pay less…
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Top 10 Golfer Retirement Spots
I recently started playing golf, I have a huge blister on my right thumb from gripping it too hard, but I’m starting to get that itch. Golf is hard but it’s extremely rewarding and it’s easy to see why retirees would enjoy the sport, especially if you have plenty of time to practice and hone…
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Retirement Medical Savings Required: $376,000
$376,000 is the highest amount recommended by the Employee Benefit Research Institute in a report released yesterday. What the EBRI, which is a D.C.-based public policy group, recommends for a couple, with premiums not subsidized by their former employer, have approximately $376,000 if they are not willing to take on any risk (meaning they don’t…
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Average Retirement Savings by Age
Everyone knows that it’s important to save for the future and everyone has played with the fun little retirement calculators that tell you how much you need and by when. However, what most people don’t talk about is how well you’re doing versus everyone else in your age group. It’s not about competition, it’s about…
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Don’t Sacrifice Retirement for Children
Now that we’re deep into high school graduation season, with thousands of former high school students readying themselves for both the summer and the next four years of education, you might be wondering how the heck you will be able to pay for their education right? Conventional personal finance advice states that you shouldn’t sacrifice…
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Downsize for Equity in Retirement Years
If you’re close to retirement and have a lot of equity locked up in your home, consider downsizing as a means of supplementing your savings and reducing your overhead. The cost to maintain a large home in your later years can often be very high with increasing utilities, homeowners insurance, and property taxes so it…
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How Recessions Affect Retirement Plans
Recessions, or two consecutive quarters of negative GDP growth, have been on many people’s minds lately and this latest article, What job woes mean to you by Chris Isidore, probably doesn’t help. Economic cycles happen and with each economic burst will come a correction of sort, a regression to the mean if you will. However,…