Preparing The 30-Year Plan

Find:

Preparing The 30-Year Plan

Published by sam - 17/08/07 - 09:08:48 pm

If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!

Retirement Guys Planning for retirement is a task few people relish. And no wonder. For many people, the topic is associated with such discomforting possibilities as reduced physical and mental capabilities, infirmity or boredome without the stimulation of a career. Others, of couce, welcome retirement as a time when they can finally relax, travel or pursue other leisure activities to their heart’s content. Even for these people, however, planning is work-and long-term work at that. Potentially unpleasnt sacrifices-such as putting away $2000 or more into a retirement fund instead of spending the money on a vacation-are part of the planning process.
If you are young, you may thing that the many years between you and retirement provide an excuse for postponing planning. But, in fact, the earlier you start to save, the easier your retirement planning will be. With increasing longetivity-average life expectancy of a 60-year old now stands at 84.2 years-a person who “retires” at age 60 will likely have another quarter-century ahead of him or her. Proper planning can transform that span from a dark and dismal nightmare into a period of financial security and comfort. Indeed, with the aging of the Baby Boom generation, comfortable retirement is already becoming a new American Dream.

Retirement, as we use the term here, is not intended to mean age 60 or even that period when one stops working for a living. We use the term broadly to define the later years of life, when work activities tend to decrease (but do not necessarily end altogether), and when the potential for more leisure activity increases. By federal law, companies acn no longer impose mandatory retirement, and many people prefer to continue working beyong the age 65, the popularly defined retirement age. On the other hand, approximately 45 percent of all men and 32 percent of all women between the ages of 55 and 64 are already retired. Still others retire from salaried employment only to take advantage of self-employment opportunities.

This section will describe the many factors that go into making a good 30-year plan for retirement, including such elements as the following:

Calculating the income and expense requirement of your new lifestyle
Making sure you are adequately covered by health and life insurance
Learning which pension, Social Security, Medicare, and other benefits are due you
Building an adequate savings and asset base from which your retirement will be launched
Managing your assets and investments according to the needs of your stage in life

The above information will be presented broadly in this chapter; additional details that appear in other section of this blog are cross-referenced.

Bookmark To

Add 'Preparing The 30-Year Plan' to Del.icio.us

Add 'Preparing The 30-Year Plan' to digg

Add 'Preparing The 30-Year Plan' to FURL

Add 'Preparing The 30-Year Plan' to blinklist

Add 'Preparing The 30-Year Plan' to reddit

Add 'Preparing The 30-Year Plan' to Feed Me Links

Add 'Preparing The 30-Year Plan' to Technorati

Add 'Preparing The 30-Year Plan' to Yahoo My Web

Add 'Preparing The 30-Year Plan' to Stumble Upon

Add 'Preparing The 30-Year Plan' to Netscape

Add 'Preparing The 30-Year Plan' to Smarking

Add 'Preparing The 30-Year Plan' to Delirious

Add 'Preparing The 30-Year Plan' to Live-MSN

Add 'Preparing The 30-Year Plan' to SlashDot

Artículos relacionados

August 17, 2007 | How to Plan Your Retirement |

No Comments »

RSS feed for comments. TrackBack URI

Welcome to Personal Money Management Expert,the blog where you can find advices to save money and to earn more with each dollar. If you want, it's possible to suscribe by mail and receive all news by e-mail.