How Much Money Do You Need To Retire

How much money do you need to retire? A Simple Calculation.

How much money do you need to retireSome retirement planners suggest that an individual needs $1 million to be able to retire and for a married couple, $2 million. Using another retirement calculator, some say the amount needed is 10 to 12 times your current annual salary. Do you agree? How much money do you need to retire?

So, to answer the question, how much money do you need to retire, you’ll find there are many ways to figure that out. One of the methods that I prefer isn’t very hard, and only requires some simple math.

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Retirement Savings

Retirement Savings Secrets Revealed

Start retirement savings as early as possibleThe title of this article says it all and is really the bottom line you need to strive for. Your goal is to find any unnecessary spending and cut back. We all have daily expenses that can be trimmed and added to our retirement savings which should be one of our top priorities.

One of the reasons that the “B” word or budget is so terrifying is that it’s associated with sacrifice.  This simply isn’t true…a budget is, and should be, a matter of choice.

Two primary choices to begin with – do you want to live it up today and not care about tomorrow? Or do you want to exercise good judgment and cut back a little today so that you will have a more comfortable retirement? I’d like to have both, but I’m not aware of any wealthy relatives that would sponsor me.

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Financial Abuse – 6 Ways to Protect Yourself

6 Ways to Protect Yourself from Financial Abuse in Retirement

Financial abuse is on the riseMany of us are familiar with seniors who have been/are victims of financial abuse. Unfortunately, so many of them go unnoticed and the abuse isn’t discovered until they pass away.

There are millions of elderly American citizens that have health issues and some diminished level of intellectual competency that places them at risk for financial abuse. There are steps that you can take to reduce your chances of being one of these victims.

In our modern society, telemarketers and other individuals looking for a fast buck are a fact of life. Government agencies that tried to place some level of control on the telemarketing industry were an absolute failure. There are increasing numbers of our elderly citizens who are falling for the hype of these scammers and losing many dollars as a result.

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Senior Citizens in Poverty

Senior Citizens in Poverty

Senior citizens in povertyHere’s an eye opening statistic for you – Prior to the creation of the Social Security System in the 1930’s, approximately 75% of senior citizens in America were living in poverty. This figure has been dramatically reduced today to just below 10%, thanks to employee pensions, Social Security and also retirement savings accounts.

But still, here in America today, many senior citizens with income levels just above the poverty level continue to have financial struggles well into their retirement.

Just as alarming are the results of a study that was done by Brandeis University. This revealed that 75% of senior citizen households in America are in a precarious position economically.

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How To Retire Early | Enjoy Life

Finally a Solution on How to Retire Early

Learn how to retire earlyRetiring at an early age is possible again, but the rules have changed somewhat. Have you figured out how to retire early, perhaps at age 55 or earlier? Quite a few Americans have.

More importantly, can you afford to leave the 9 to 5 routine when you want to? As you mull that question in your mind, you realize that some changes in your lifestyle, such as home downsizing may be required. However, the solution on how to retire early might not be difficult at all.

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4 Tips on How to Manage Your Money – Create a Budget

4 Tips on How to Manage Your Money More Effectively

How to manage your moneyCongratulations! The day that you’ve been dreaming about has finally arrived…you’ve graduated from college and hopefully learned how to manage your money. Now, depending upon the career field where you have your degree, it could be a bit of a challenge landing your first job. Soon, you’ll know how to handle your money.

We recommend that you follow these four tips on how to manage your money just as soon as you find that first job. Don’t delay, because you most certainly will be tempted in many ways to spend.

This is true especially of recent college graduates who have been living quite frugally juggling their pennies during those college years. They must learn how to save money.

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How To Retire Early

How to Retire Early

How to retire earlyWe all have dreams about our future.  Maybe your dreams look like this:  by the time you are middle aged, you are living comfortably but still working hard and smart.  When you are older and have figured out how to retire early, you are living the good life without a care in the world.  You’ve had great success and look back on your past with great pride.

Life has a way of getting ahead of us all before we know it.  Sometimes our dreams get lost in the fact that time passes too quickly with too much to do, much less thinking about how to retire early.  We struggle more than we ever thought we were going to.  We tend not to focus on our retirement because we are so busy trying to be a success right where we are at.  Most people are really good at living in illusion and ignoring the reality.  Sometimes if people look at the future, they have to truly admit where they are.  Too much of ignoring the reality leads to a life that is not very productive; as the road becomes harder to travel, the illusions begin to crumble in a very painful way. View full post…

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How to Save For Retirement

How to Save For Retirement – 3 Common Sense Principles to Guide You

How to save for retirementHow to save for retirement? This question has been asked by everyone planning for retirement, and has become the “million dollar question” without a doubt. We’ve all seen the flashy ads that say “I’ll show you my 5 steps to retire with a million bucks in the bank”.  Many of these ads go on to say that you don’t have to be a banker on Wall Street to accomplish this, and that many middle class Americans do it every day.

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Ways To Save Money

7 Little-Known Factors That Will Affect Your Ways To Save Money

There are many ways to save moneyWe look for ways to save money, but one of the reasons why so many Americans fail in their dreams to attain wealth, is how to manage money. They have a desire to be financially secure, and to be able to retire in comfort. However, many of them make one or more of the following big money mistakes, and their dreams are shattered.

  1. A long term mortgage

The first place to look for ways to save money is at the terms of your mortgage. Countless Americans have no conception of what happens when they amortize their home purchase over a thirty (30) year period. When you stretch your payment out that long, you actually pay to the lender, two and a half times the original purchase price of your home.

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