Retirement

Retiring or even thinking about it? No matter what age you are retirement is always a subject that should stay at the forefront of any financial plan you may be executing. Working with a financial advisor is great if you can afford one is always more beneficial. Here are some websites that will give you a modest direction in which to go (napfa.org, fpanet.org, garretplanning.com). Saving for retirement is a challenge in today's market especially if you don't know what type of vehicle in which you want to invest in that gives you the most secure return for your money. The real challenge is to make the retirement money you save last for the rest of your life s that you can live at least efficiently and comfortably. When saving ,you should keep in mind the type of lifestyle you want to live, modest, just enough , or lavishly. Americans have a longer life expectancy rate now which means a longer period of time for pensions to be disbursed, which in turn means that employers have to Shell out pensions for longer periods of time. Younger Americans are being forced to take their pensions into their own hands because of the ever failing Social security system. I receive a social security and earnings statement every year and they inform me that out of every dollar that I am paying out of my check that I will only be able to receive .72 cents out of every dollar back. That's a bunch of bull. If you ask me I'd rather manage my own money but on a broader scale every one isn't as financially literate as me so I would suggest that the social security system let individuals be able to make the decisions if they want to manage their pensions from social security or not when they first begin paying into the social security system. CNN.Money.com offers a number if useful tools about and for retirement. Suggestion When you are in your twenties one should tighten up on savings And set the record straight for good money management skills, its either now or suffer later. In twenties one should live within means, that means no extravagant spending, essentials only! You should also watch out for fees on anything you decide to invest your money into. In one's thirties they should establish a career, set goals and stick to them, and it wouldn't hurt to open up an flexible health spending account the tax advantages are great. In one's forties one should constantly increase contributions to retirement plan , monitor investments, and refine your retirement plan. In one's fifties one should check on state benefits, stay with your current stocks options, and come up with a tax strategy to get the maximum from pensions. One should definitely plan a strategic place to retire such as near relatives, in a town were it is retire friendly, and good nursing homes and quality hospitals. Live long and prosper!!!!!!!!