The Point Behind Point & Figure by Thomas Mullooly
... The $80,000.00 per year he planned to take out would now drain this account entirely in about nine years. The distribution was scaled back, from $80,000 to $24,000.00 a year. Going from $80,000 to $24,000 a year was a lifestyle change for him. He felt burned. Dreams of traveling went out the window. Buy a new car? No chance. His wife has taken a job in the library. He’s now back at work, as a consultant, hustling for jobs. And now he’s just learned that his former company is changing their ...
Retirement Planning Calculator - Who Needs Them by Tom Turner
... The hope for most of the companies providing you with these free retirement planning calculators is that you will call on them to help you in creating a solid retirement plan. If you are over the age of 40 you need to think seriously about retirement. If you are in your forties you may think you have several years before you will need to plan for retirement. However; time flies by faster than you may think. All retirement planning calculators start with your current age, and then ask about ...
Financial Planners by Dan Noyes
... This plan features suggestions and recommendations for a person in the form of dos and don’ts, strategies to follow regarding insurance, asset management, investments, property planning, retirement, and more. Mind you, financial planning is necessary for each and every one of us – we often make the mistake of thinking that only big spenders or the super-rich need financial planners! The truth of the matter is, financial planning is a way of life, something you acquire as a lifelong habit.
Retirement Management by Matt Alexander
... There are basically four potential sources of income available to support retirement expenses: employer-sponsored plans, Social Security, personal savings and investments, and part-time employment. The management of retirement assets is an ongoing process that begins well before retirement by determining objectives, considering risk tolerance and examining one’s time horizon. This process then continues with regular monitoring of the plan so that necessary modifications can be made ...
Insurance - Don't Let Health Care Hijack Your Retirement by Jeffery Voudrie
... Pre-retirees and retirees alike need to have a back-up plan in place in case their health care or other expenses take a sudden unexpected increase. You may need to adjust your investment strategy and method of investing. Be prepared to reduce your other expenses, perhaps by lowering your lifestyle or selling your vacation home. You need to be prepared to tap your principal if necessary. Some seniors have found themselves reentering the workplace, either part time or full time to handle ...
Does Your Financial Plan Belong in a Cartoon? by Neal Frankle
... Your next step is to Google “retirement planning calculator” so you can find a variety of online free calculators. Input the information you calculated from the two prior steps to determine if you are on track. If not, here are two tips that can help fix your plan: 1.Just because you can tap into your IRA accounts at age 59-1/2 doesn’t mean you have to. Chances are, you’re going to live a lot longer than you think. It’s not unusual for folks to live into their nineties and beyond.
Retire Rich with Retirement Planning Calculator by Vichuda Asavamongkolpan
... So this is the real beginning to our retirement planning and that is to start saving early. As you start to think of the saving, we then begin doing our calculation such as how much money do we really need during our retirement years. As we are living longer, we need at least 20 years of income to cover our expenses, With working life gone out and having only free time to do whatever we want to do, we may then have to think of how should we live our retirement life when we stop having ...