To be able to retire with financial freedom you have to look over the horizon well in advance. After all, you may have to pay your way for 20 years or more after you put your working years behind you and this is going to take some significant financial resources. There are those who don't worry about the future because they assume that Social Security will be enough to finance their retirement years. Depending on how much you paid into the program and what you expect your expenses to be this … [Read more...] about Putting Something Away For Retirement
Retirement Planning: How To Get The Most Out Of Social Security
There are times when you come across a statistic that really turns your head around, and you can do a double take and question whether or not you actually read it right. One of these is circulating right now with regard to the rapid aging of the population. At the present time there are no less than 10,000 people applying for Social Security each day for the first time due to the fact that the baby boomer generation is reaching retirement age. This in itself is a rather eye-opening statistic, … [Read more...] about Retirement Planning: How To Get The Most Out Of Social Security
Large Numbers Of Baby Boomers May Never Retire
There are those who feel as though they have plenty of time to start planning for their retirement in the future. They're concerned with the present, and when you are young the matter of retirement can seem out of context. Though this line of thinking may be human nature to some extent it can leave you in a very difficult position when your retirement years do arrive. One of the big stories in the elder law community these days is the rapid expansion of the senior citizen population. There are … [Read more...] about Large Numbers Of Baby Boomers May Never Retire
Unique Perspective On Retirement Savings
As the baby boomer generation reaches retirement age some of the facts are emerging about their preparedness and the news is not especially encouraging. A recent AP-LifeGoesStrong.com poll suggests that most of the baby boomers who are approaching retirement age polled say that Social Security will represent the centerpiece of their retirement incomes. In addition, nearly one fourth of the people who responded to the poll had no retirement savings at all, and the mean amount that poll … [Read more...] about Unique Perspective On Retirement Savings
Home Equity Conversion Mortgages & Retirement Planning
Retirement planning can be challenging because it involves making projections about things that will be taking place well into the future. No one has a crystal ball so this is certainly an imperfect science. The financial crisis of 2008 offers a good example of how circumstances that are out of your control can have a significant impact on your retirement plan. Many people who planned carefully for decades found themselves in an unexpected position in the wake of the sub-prime crisis and … [Read more...] about Home Equity Conversion Mortgages & Retirement Planning
Elder Law Concern: High Cost Of Long Term Care
When you are planning for your retirement years while you are still working pleasant thoughts of free time, travel, and leisure invariably dance around in your head. Making sure you have the financial resources to take full advantage of this free time is a long-term goal that is a large part of what retirement planning is all about. But to prepare comprehensively and intelligently you have to understand all the possible expenses that you may be facing. There is a period of time that follows your … [Read more...] about Elder Law Concern: High Cost Of Long Term Care
