Let’s Talk About Retirement

Blakster37 asked:


I am currently working in the US. I have a good 401k plan.
I am considering moving to Germany. They do not have anything like a 401k plan. I am just trying to find out which system is better.

CARA

abdiver12 asked:


Personally, I’m going to miss her because she is one of the most talented players I’ve ever seen, especially on the backhand side. I’m constantly amazed at how a petite, 5′5 woman can dominate in this age of huge, powerful players (she’s 1700 points ahead of Sharapova at no. 2) which is a testament to her talent and work ethic. The other players certainly won’t miss her and I’m surprised she’s retiring without a Wimbledon title.

LOURDES

Nicole asked:


-I have to write a paper about my favorite teacher which is retiring and I don’t know how to say. How should I write it?

CLAUDIO

kingofdrifters asked:


Not the 401K.

After 20 years of service one can retire from the military. Will they continue to receive like 70% of what their monthly salary even after retiring?

ELLSWORTH

dorothy smith asked:


Retirement – this is a time to pursue dreams by exploring new dimensions of life. This is again the time for some people to get mentally paralyzed with loads to stress and stressful thoughts about how life’s going to be the next phase. Whatever way does retirement come in to one’s life, its true that he or she deserves the best and the choicest wishes, as the person is going to get a transition into an entirely new phase of life. The most meaningful and aesthetic of all are those retirement wishes, where you use some really thoughtful words of inspiration and encouragement. Wish the person a life flooded by the waves of happiness and cool splashes of peace – a healthy life, both mentally and physically.

The evidences of the unfulfilled seniors have been observed to be more prone to health problems followed by severe mental depression – usually compounded as time passed by. A good wish with a thoughtful message works like panacea. What to write on a retirement card is the most talked about topic of debate, when it comes to retirement wishes. Here are some points that works like magic:

Write something that comes from your within – from the core of your heart. Your retirement wishes wordings must make the person feel his energy soared higher and spirits lifted to a great height.

Your retirement wishes wordings should give your wish fervor of inspiration and encouragement to flag on a new voyage in the next phase of life. Your wordings should be such that could sprinkle the grains of inspiration on the retired person to gear up a new journey of life even at the age of 60s.

If you are a co-worker of the person who’s retiring from his or her job, it would be really appreciable if your wordings can reflect the memories of the past moments that you spent with him or her in the canteen and conference room.

Retirement quotations and thoughtful sayings on retirement can give your speeches and wishes a special dimension. A beautiful retirement quotes can make your remarks come to bloom and set a distinctive tone for your message that can bring one of life’s most significant changes.

Here are some of the really awesome quotes that you can start off your remarks with:

“It has become clear to most of us that we don’t want “our father’s retirement”; the only thing that needs to be retired is old ideas about retirement.

Our greatest fear and insecurity for our later years should not be about the Social Security system or about being broke but rather about being without purpose and meaningful work.” - Mitch Anthony, author of The New Retire mentality

“Age is only a number, a cipher for the records. A man can’t retire his experience. He must use it. Experience achieves more with less energy and time.” - Bernard Baruch, financier, statesman.

“When I was younger I could remember anything, whether it happened or not; but my faculties are decaying now and soon I shall be so that I cannot remember any but the things that never happened.” - Mark Twain, author



KASEY

mrscmmckim asked:


Not just in the sense that a person who retires is generally old, but as in the sense that retiring removes a large portion of a persons focus on life.

GERRY

just me asked:


A friend of mine works as a Elementary school teacher, and her Principal is retiring, she’s 74. Any gift suggestions?

BILL

Nocita Carter asked:


Good question and even better, you’re thinking in the right direction about your future which is someday retiring. If you’re one of those people who haven’t saved any or very much money for your retirement, it’s never too late for you to start now! It’s important that you do start and soon. It doesn’t take long for age to slip up on you fast if you know what I mean! So, just get started on your retirement planning now while you’re thinking about it. You may want to consider some of these tips and information to get you started:

1) If the employer you are working for offers a 401K plan wherein you contribute a percentage of your earnings towards retirement, consider signing up for this plan! In most instances, the employer may match a percentage of the contributions you make to your 401K account. Your contributions can be made on a pre-tax basis which will help your money grow faster in your account.

2) You may want to consider taking a second job to add more income for your retirement. This will assist you in increasing the amount of money for your retirement fund. If you’re able to fit a second job into your schedule, make sure this would be feasible for you and your family without causing problems.

3) Save more of your money by cutting back on some of your expenses. You may want to reduce the number of times you eat out, go to the movies, shop, and any other areas you can cut back on to save towards your retirement.

4) Consider saving your change! That’s right, save your change. You would be surprised at the amount of money you can accumulate in a small amount of time by saving your change. Your change could be set aside for your retirement fund. So, start putting your coins away for your future!

5) Reduce or eliminate your spending on your credit cards. The less you pay on your credit cards, the more money you’ll have to save towards your retirement. So, if you can pay cash for that item you need to purchase, do that instead of charging it to your credit card. You’ll not only save yourself interest charges, but, you’ll have extra money to put away for your retirement.

6) If you have a home and are using it as a cash machine or atm by taking out your home equity via loans or a credit line, stop what you’re doing! Your home is one of your largest investments and will most likely be a retirement vehicle for you. You’ll either want to have your home paid off prior to retirement or be in a position to sell your home to obtain the equity to use as retirement income. If you have your home equity tapped out, then you will not be in the position during your golden years to enjoy your retirement. You’ll probably be still paying a mortgage that you may not be able to afford and will not have much money in your retirement fund.

It’s better late than never when it comes to starting your retirement planning. So, go ahead, start working on catching up with your retirement planning today, you’ll be glad you did!



LESSIE

Randall Giamporcaro asked:


As a fellow member of the Baby Boomer Generation, I have thought long and hard on how to find the Financial Independence I will need to Retire. I found that a Work From Home Business in Internet Marketing will give me the Financial Independence I have been searching for.

I find myself in awe of the fact that I am just one of today’s 76 million Baby Boomers who are now planning to Retire. How can Social Security and Savings bring Financial Independence to this ever growing number? For the Baby Boomer Generation, a Work From Home Business may be the perfect answer for finding Financial Independence and to Retire comfortably in today’s turmoiled economy. A Work From Home Business could very well provide a Full-time income while working only Part-time hours. This will give you the peace of mind to Retire comfortably and have the time to enjoy life and not worry about finances.

At the present, there are now more than 34 million retired Americans. With the Baby Boomer Generation now looking to Retire, that figure that will swell to 69.4 million by 2030. As investments plummet and the shear magnitude of Baby Boomers entering Retirement put the squeeze on Social Security, a Work From Home Business will provide the Financial Independence and ease of mind needed to Retire or possibly even Retire early.

Retirement is a stage of life that initially was invisioned to last 3 to 5 years. With todays efforts in Health and Medicine, an individual can realistically expect to live 20 to 30 years after they Retire. The current Retirement model is not realistic for the future or even now.

The future is now. The current retirement model is not realistic. A joint study by Washington and Cornell Universities conclude that 64 percent of retirees depend on Social Security for half or more of their income; 29 percent rely on it for 90 percent of their income; 18 percent rely on it for all their income. Researchers also say that by age 75, nearly a quarter of those elders will have experienced poverty, and the percentage rises as one ages. The prospects for the Baby Boomer Generation wishing to Retire is looking bleak.

For the Baby Boomer Generation, full-time retirement as a life goal is slowly losing its appeal. Nevertheless, tradition, custom, business, and political interests continue to shape attitudes about lifestyles after age sixty-five.

As early as age 50 an accelerating number of media messages imply the end is near for the Baby Boomer. Solicitations to join AARP, dire warnings about inescapable health problems and pitfalls of aging are relentless reminders that life is winding down and it’s time to let go of the daily grind. And why not: you earned it, you deserve it, and you are entitled to retirement, even if it compromises quality of life.

You may think that you are entitled to Retire, but it is more traumatic than most people realize. It is closure on a lifetime of effort into which you poured your heart and soul. Will you sit back and vegetate in your recliner, reminiscing the days when “you” were one of the movers and shakers with status in the business world, while everything that you have worked for your entire life is slowly dwindling away?

I say “No”. Now is the time to be proactive. Begin thinking of your new career, with your sites set on new goals. This could happen for you very easily, with very little time and effort Working From Home in Internet Marketing. This will give the Baby Boomer Generation the Financial Independence they need to Retire comfortably.

Remember, choosing to live each day of your life in a state of youthful growth instead of stultifying retirement are just too outstanding to pass up. Be in that growing number of Baby Boomers who are happy, healthy, and productive and are reveling in their fulfilling second life.



FRANCISCA

Brooke Hayles asked:


Planning retirement is best done many years before you actually retire. Preferably, fifteen to twenty years before retirement. This will give you the foresight required to be able to live comfortably when you do actually retire. Many people don’t often realize all of the little things that will affect them financially in their future, not the least of which is what kind of lifestyle they wish to live. For example, would you like to take a vacation once a year, or twice? This is just one simple question that, for a lot of people, they don’t know the answer to which means they’re not effectively saving their money for retirement.

Retirement planning is best done earlier for one simple reason: You’ll be able to comfortably save more money. Comfortably being the key word there. For most people, putting two hundred dollars per month into a retirement savings fund for 20 years is much more comfortable than putting one thousand dollars per month in for 4 years. Either way banks you the same amount of money, but you’d feel the financial strain of missing one thousand dollars a month much more than a measly two hundred.

As you’re planning retirement you may run into some unanswerable financial questions. For example, you know you’ll probably need some sort of medical attention after you retire, but how much, and how much will it cost? Questions like these present stumbling blocks while planning retirement because they represent a true unknown value. One thing you can do however, is find out from a financial planner what the average cost of health care is, and base that part of your retirement budget on that figure.

An important factor in planning retirement is deciding where you’ll live. Will you stay in the house you’re in now, or would you not be able to afford it. Keep in mind that when you’re 75 years old, you’re not likely going to want to climb up a ladder and clean the leaves out of your gutters. Because of these kinds of factors, many people planning retirement choose to live in a retirement village. These areas are much like any other neighborhood, except that you will have better access to in-home support services, just in case ailments, like a sore back, get to the point where you’d really rather not attempt to pick up a dime off of the floor.

A great option for planning retirement and one that’s been steadily growing in popularity is purchasing a mobile home as soon as you retire. If you’ve spend your younger years working hard and not getting a chance to travel as much as you’d have liked, a mobile might be right for you. With one of these, you’ll be able to catch up on all of those vacations you missed.

All in all, planning retirement may seem like a bit of a chore now, but you’ll thank yourself when you turn 70 years old and find yourself exactly where you want to be.

Summary:

When you retire, would you like to take a vacation once a year, or twice? This is just one simple question that, for a lot of people, they don’t know the answer to. Planning retirement early is essential in working out the details of your golden years so that you’ll be able to live comfortably.



ROSALYN