When it comes to thinking about retirement, many Americans would rather not. With the problems with the Social Security system, the two current working generations can’t help but wonder if there will be any retirement for them. With all the emotion that surrounds aging as well as money, retirement and retirement planning is a difficult [...]
Posted in Retirement Planning
No Comments
Gen X and Gen Y workers, as a group, don’t believe that retirement is an option for them. In a recent survey, 30% of workers aged 35-45 said they “strongly disagreed” that their retirement would be like their parents and grandparents. Of workers aged 25-35, over 50% of them don’t expect to have the typical [...]
Posted in Retirement Planning
No Comments
I just finished a great retirement planning book called The Number, by Lee Eisenberg. It came out in 2006, but it holds up well. In light of the financial crisis we’re experiencing now, it seems downright prescient. In it, the author spends a lot of time musing about how much you should put into retirement [...]
Posted in Retirement Planning
6 Comments
I’m of the age where I’ve heard my whole life that I won’t be able to rely on Social Security to live on in my old age. According to the media, I’ll spend my golden years as a greeter at Wal-Mart because I won’t have enough money to live comfortably. While that may be the [...]
Posted in Retirement Planning
1 Comment
It’s never too early to begin thinking about retirement. Did you just start working? Are you a teenager or enjoying life in your twenties? Well then, time is on your side. If you are young and you haven’t put anything into a 401(k) retirement account, start now. No kidding. Start now. If you work for [...]
Posted in Retirement Planning
3 Comments