Learn how to set a financial goal that will set you up for a stress-free retirement
In an earlier post, Many Paths Lead to Financial Freedom, I noted that my current path leads to retirement at age 60. Why 60? There are multiple reasons, some of which were highlighted: Financial ignorance in my 20s Early marriage and children Credit card debt in my 20s to mid-30s Divorced at 35 Retired from active …
If you are a regular reader of this blog, or any other personal finance blog really, you are very aware of all the financial factors to consider when planning for retirement. No doubt you know all about 401(k) plans, mutual funds, emergency funds, the 4% rule, the rule of 72, living frugally, minimalism, expense ratios, …
The defined benefit plan, more commonly known as a pension, is becoming more rare. I touch on this phenomenon in my book RENDEZVOUS WITH RETIREMENT: A Guide to Getting Fiscally Fit and numerous posts on this blog, including the recent post, Pensions. Going, Going … . Although they are becoming more rare, some workers – including myself and my …
Jenna is a freelance blogger who is mainly focused on business innovation and breaking stories in business. She has been blogging since college where she studied marketing and has merged her love of keying stories into copy writing work as well as plenty of reading and writing for fun! Find and follow her on Twitter! Retirement isn’t …
Report: Most Households Approaching Retirement Have Low Savings (2015). This report to the Ranking Member,Subcommittee on Primary Health and Retirement Security, Committee on Health, Education, Labor, and Pensions, U.S. Senate, from the Government Accountability Office (GAO) paints a pretty dire picture. The report observes that as baby boomers move into retirement each year, the Census Bureau …
There is no doubt that the tight labor market has produced a battleground where many older workers are reluctant to cede work territory to younger workers. These older workers, the Baby Boomers, aged 51 – 69, are holding on – like a G.I. Joe with a kung fu grip (do they still sell those?) – …
A satisfying retirement doesn’t happen by accident, it is the result of detailed planning and execution. Critical actions include: building an emergency fund, limiting debt (discussed in The Impacts of Debt and The Scourge of Student Debt) and Building your Fiscal Foundation through brokerage accounts and retirement plans such as 401(k)s and IRAs.
As most people are aware, the maximum amount of contributions an individual can make to her or his 401(k) plan is set each year by the Internal Revenue Service (IRS). That number has not been adjusted for a couple of years. For the 2013 and 2014 tax years, individuals were able to contribute up to …
Retirement Plans – Contribution Limits Announced Read More »
Over a year ago, I published my first book, RENDEZVOUS WITH RETIREMENT. The subtitle of the book, A Guide to Getting Fiscally Fit, informs readers of the book’s intent. I lay out a practical, proven method for achieving fiscal fitness and preparing for a financially secure retirement. Like a lot of people, a separation and subsequent …
A Guide to Developing and Managing Your Retirement Plan Read More »
I am pleased that Brian, a long time SavvyReader and supporter of the blog, has agreed to share his thoughts on retirement. Vocation Vocation is rooted in the Latin word for voice, loosely translated it means a summons or call. The word has been secularized and reduced to meaning job or work. Work, an inescapable …
