27 March 2006

Last-Minute Retirement Planning

Not really last minute, but if you haven’t started to prepare for retirement there is no time like the present.

Helping you to make the most of your retirement planning, Smartmoney.com in the article Last-Minute Retirement Planning “Whatever the reason, many baby boomers are just now waking up to the fact that they are underfunded for retirement. Some 58% of Americans age 55 and older have saved less than $100,000, according to the Employee Benefit Research Institute’s latest Retirement Confidence Survey. Only 19% have saved $250,000 or more.

If you’re fiftysomething and underfunded, it’s time to take bold action.”

In addition to maximizing your savings through Roth IRAs, 401 (k), and other investments, there are also other ways to make the most of your retirement. In the article Retirement Planning is More Than Money and Investments the author discusses other important retirement planning considerations, such as how you want to spend your retirement, and where you want to spend it.

As more baby boomers retires they find they are not living the typical retirement of the past. Continuing to work part time, or volunteering with community organizations, to starting new businesses, the options in modern retirement seem endless. In the article Retirement isn’t just a date — it’s a new life, the author discusses how many early retirees find they have time to do whatever they want. After a period of time to relax from the stress and strain of working life the people who retire early find they approach their new lifestyle with vigor.