Home / Retirement

Search Results

4 major factors that influence your retirement savings

4 major factors that influence your retirement savings

There’s no fixed age for you to start saving for retirement; the sooner, the better. It is imperative that you save enough money for your retirement so that you wouldn’t have to rely solely on Social Security benefits. Your retirement savings should be enough to take care of your and your spouse’s needs without depleting it before its preordained time.
4 essential tips that give an impetus to your retirement savings

4 essential tips that give an impetus to your retirement savings

Irrespective of what you earned in your hay day, you need to save for your retirement years. Simply relying on your Social Security benefit isn’t a wise choice; it is imperative that you save enough money for your retirement when you are earning. The golden rule of saving for retirement is that you have to start as early as you can.
An overview on retirement plans and annuities

An overview on retirement plans and annuities

Retirement plans are mainly classified into two types on the basis of benefit calculation namely: Defined benefit plans This is a pension plan where a final amount is calculated based on a formula that involves the service of a person with an employer and paid to all retirees from a dedicated trust fund.
Top cities to retire in the USA

Top cities to retire in the USA

It is a decision which puts every retiring individual to a dilemma as to which city to retire in the USA. Some important factors while selecting the best retirement city are home price, property tax, income rate tax. Let’s have a look at some of the cities that are big enough with all the amenities like great health care and recreation, yet affordable.
How much average 401k can you generate

How much average 401k can you generate

What is the 401k plan? Most of you all must be wondering what does 401k mean. A 401k plan can be defined as a retirement savings plan for employees. So if you got a new job and had plans to save money for the future, you might take up some savings option offered by your company or in banks.
6 things you probably did not know about social security

6 things you probably did not know about social security

You might have often heard retired people or people who are planning to retire in the near future talk about social security benefits. Knowing about social security benefits is a must for everyone who wishes to have a carefree retired life. A common mistake that many people make is knowing only half-truths about social security benefits that they most probably got from their book club friends or the group of grandpas that they occasionally converse with during the morning runs.
A brief overview on retirement calculators

A brief overview on retirement calculators

How do you calculate your income and the money that you will earn once you retire? Post retirement life calls for a sound financial background, wherein you don’t want to borrow from others. Here is an insight about retirement calculators and what makes them a must have to check your financial stability at the retirement age.
How to workout a retirement plan

How to workout a retirement plan

Retirement planning varies by individual, but one of the most critical factors that influence the decision is whether one is financially ready to retire. Experts opine that you will need about 80 percent of your pre-retirement income to maintain your current quality of life. Some important questions that might influence your retirement planning include:
Types of retirement calculators that you can use

Types of retirement calculators that you can use

Retirement calculators, as the name suggests, help estimate how much you need to save to live out your retirement with rudimentary comfort. Retirement calculators collect a percentage of your salary until the age you retire. A simple retirement calculator projects how much you need to save and how long you need to save to avail yourself of a certain level of expenditure post-retirement.
Overview of AARP

Overview of AARP

For some of you who are not aware of AARP, it is a US-based nonprofitable, nonpartisan, social welfare organization with a membership of 38 million that supports individuals to turn their goals and dreams into reality. With the assurance to empower, AARP focusses on strengthening the communities and fighting for the issues that matter the most, especially those related to family, health care, income security, employment, and protection financial exploitation.
How to efficiently save money for retirement

How to efficiently save money for retirement

Retirement is one of the most critical phases of your career as well as your life. When one is planning for retirement, their focus is on their current savings and potential investments that can help them lead a comfortable and financially independent life when they get old. Such preparation involves a common question, “how much to save for retirement?” And although it might seem a bit daunting, you can efficiently manage your funds by conducting assessments of current expenditure, savings, and implement a robust planning.
10 popular states to live in after retirement

10 popular states to live in after retirement

After all the years of hard work, work stress, you get a handshake and a nice farewell with cake. You call it retirement from service and it will be time to find a peaceful haven or a permanent vacation. While in service, most of us long for this day. We will keep wondering when that day is going to come but not too often do we give a thought to where we want to retire.
Traditional and roth IRAs

Traditional and roth IRAs

An Individual Retirement Account, commonly referred to as an IRA account, is a retirement savings account that gives the investor sizeable tax breaks. IRA is not the investment, it’s a container for investments you make including stocks, mutual funds, and bonds. There are various types of IRA accounts such as traditional IRAs, Roth IRAs, SEP IRAs, and Simple IRAs.
Things you can’t miss about retirement calculators

Things you can’t miss about retirement calculators

Getting the right retirement calculator will help solve many future issues related to income and planning. There are a number of things such as health care, house, day-to-day living, which requires substantial amount of money to sustain one’s living during the old age. If you have calculated your retirement income well, then you are sure to get many things in place and enjoy a fulfilled retirement life.

Recent Viewed Blogs

Cost of Medicare supplemental insurance plans for seniors
Finance

Cost of Medicare supplemental insurance plans for seniors

The cost of Medicare supplemental insurance plans for senior citizens depends on what each is looking for whether supplemental health insurance plans for seniors or Medicare supplement plans. Although they are very similar in terminology, they are both very different. Supplemental health plans designed specifically for the needs of seniors are known as senior supplements.
Common difference between term life insurance and universal life insurance policy
Finance

Common difference between term life insurance and universal life insurance policy

There are various types of insurance schemes for the common man. They each have their advantages and disadvantages. What works for you can be chosen only after a detailed study and thorough understanding of all the finer details of each policy. Let us compare term life insurance and universal life insurance policies.