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retirementadvisor
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Retirement Planning Tips  Reply with quote  

Here are some retirement Planning Tips for those who are planning for retirement :-

* Make a current expenses list - This list will give you an idea of your monthly expenses like transportation, food, housing, and utilities. You can also make an annual list of expenses such as education, insurance, medical bills, and travel. Ask yourself which expenses will reduce and which will increase.

* Think about your retirement lifestyle- Plan where will you live? Will you work part-time for some time? How often will you eat out, travel, and go to concerts or sports events?

* Social Security statement is very vital- Your statement estimates your benefit if you retire at age 62 or at a normal retirement age (around 65 or 66) or 70.

* Get an analysis of your employee retirement benefits -It includes a traditional pension which can pay you a fixed amount on a regular basis and assets in your 403(b), 401(k), and 457 or various retirement accounts from previous or current jobs.

* Get your IRA information and make an IRA accounts list along with their current value.

* Make a list of your investment and savings accounts in financial services institutions, brokerage houses, banks, and credit unions. If you have forgotten your local or state government pension account, a bank account, or other financial assets, you can search the website of the National Association of Unclaimed Property Administrators.

* Make a forecast for your future retirement investments and savings. You can assess how much money to put in your 401(k), IRA, and others for retirement financing.

* Make an assessment of your longevity- Find out how long your retirement assets will last.[url][/url]

Retirement Planning
Post Fri May 29, 2009 12:07 pm
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urvi88
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Thanks for sharing this information, may help those who is planning for it.

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Post Tue Jun 16, 2009 9:14 am
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Trader
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Great post. At what age should you start planning ahead you think?

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Post Sat Jun 20, 2009 7:50 pm
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No-Brainer
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I worked that backwards, I retired and then planned on how to make more money, since I had more time to do it after I retired than I did before.

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Post Sat Jun 20, 2009 10:27 pm
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kim-mm
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quote:
Originally posted by Trader
Great post. At what age should you start planning ahead you think?


I have the same question.

In addition to this post, I was able to find an article that may probably help in retirement planning. It focuses on the traditional IRA, though.

Retirement Planning: Traditional IRA

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Post Mon Jun 29, 2009 7:26 am
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Office Space
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Great information. but at retirement time you will plan to buy a home or a corporate property then you will give rental to others and get monthly rent and last you will make your own property and monthly rent.

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Post Thu Dec 17, 2009 3:18 pm
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muaz alwi
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Good Info

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Post Tue Dec 22, 2009 6:22 am
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namratasnv
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Thanks:  Reply with quote  

quote:
Originally posted by retirementadvisor
Here are some retirement Planning Tips for those who are planning for retirement :-

* Make a current expenses list - This list will give you an idea of your monthly expenses like transportation, food, housing, and utilities. You can also make an annual list of expenses such as education, insurance, medical bills, and travel. Ask yourself which expenses will reduce and which will increase.

* Think about your retirement lifestyle- Plan where will you live? Will you work part-time for some time? How often will you eat out, travel, and go to concerts or sports events?

* Social Security statement is very vital- Your statement estimates your benefit if you retire at age 62 or at a normal retirement age (around 65 or 66) or 70.

* Get an analysis of your employee retirement benefits -It includes a traditional pension which can pay you a fixed amount on a regular basis and assets in your 403(b), 401(k), and 457 or various retirement accounts from previous or current jobs.

* Get your IRA information and make an IRA accounts list along with their current value.

* Make a list of your investment and savings accounts in financial services institutions, brokerage houses, banks, and credit unions. If you have forgotten your local or state government pension account, a bank account, or other financial assets, you can search the website of the National Association of Unclaimed Property Administrators.

* Make a forecast for your future retirement investments and savings. You can assess how much money to put in your 401(k), IRA, and others for retirement financing.

* Make an assessment of your longevity- Find out how long your retirement assets will last.[url][/url]


Hi,

Very thankful to you.

Its an great tips you have given about retirement.

I was searching for it and i got it.

Thanks

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Post Mon Jan 18, 2010 10:57 am
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Elmira Nancy
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For many people retirement may be far away; however it is an opportunity to save money for it. There are many ways to save money for retirement and some tips may help in ensuring that you have a comfortable old age.

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Post Thu Feb 11, 2010 10:37 am
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alexender
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Yes it is very much important to plan your retirement as it is needed to make a fruitful use of money for your old age. The tips given will be a lot helpful to plan a happy retirement for everyone.

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Post Thu Feb 11, 2010 7:13 pm
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david1987
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Hello.. well these tips are very useful to those who wants to save this money. These tips also good for me. Actually I need something like it.

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Post Mon Feb 22, 2010 7:48 am
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sweethome
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Let's first define what Retirement is?

Retirement is the point where a person stops employment completely and age 65 is considered as a "normal retirement age". A retired person undergoes adjustment in his lifestyle because of his failing health and limited activities.
Planning well before retiring is a great idea to all![/b]

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Post Thu Mar 11, 2010 1:47 pm
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