Think you’ll retire at 65? The Transamerica Center for Retirement Studies’ 16th Annual Transamerica Retirement Survey has found otherwise.
By econmatters.com. The original article* entitled American Dream Gone: Think You’ll Retire at 65? can be read in its entirety HERE.
Related Articles from the munKNEE Vault:
Welcome to the new model of retirement. No retirement. In 1983 sixty two percent (62%) of American workers had some kind of defined-benefit plan. Today less than 20% have access to a plan. The majority of retired Americans largely rely on Social Security as their de facto retirement plan [and the 35 and younger cohort are not able to save, or save enough, to eventually retire. True retirement is now a thing of the past except for a privileged few. Let me support this claim.] Words: 1091
Americans spend more time planning their vacations than their retirement and this is the reason why 1 out 7 baby boomers are going bankrupt. With people living longer and spending as much as 30 years in retirement, if you want to maintain a moderate standard of living, it is essential to plan your retirement well in advance to secure your golden years. This article outlines 6 ways to do just that. Words: 665
Most likely whatever retirement planning you have done is wrong. You need to change your assumptions, ask questions and plan for the worst. Below are some very basic concepts that you need to consider when planning for your retirement whether it is in 5 years or 25 years.
Since WWII, we have enjoyed one of the most productive economies the world has ever seen, yet many seniors are broke. When you reach retirement age, you don’t have to be one of them. Below is some straight talk on how to make a rich retirement your reality.
Planning, preparation and a little luck are key ingredients to any successful baseball player’s career and the same applies to those of us suiting up for retirement.
As with most financial habits, knowing what you need to do is the easy part. Following through with it is where most people run into trouble. To help you in that regard HERE are the 4 most important factors that help determine whether or not you’ll have a large enough nest egg to cover your living expenses during retirement.
By saving money, investing it in blue chip dividend growth stocks and reinvesting dividends and new capital, I plan to generate enough dividends to make me financially independent in a few short years without having to endure a lower standard of living.