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Retirement
Learning Center • financial tips • cash reserves • insurance • savings accounts • growth investments • taxes • retirement • estate planning  |
Everybody wants to retire but not everybody is able to. Start early and invest carefully and wisely, and you will be able to enjoy your retirement years. And obviously, if you earn 12% on your investments, you will be able to retire sooner than if you earn only 5% or 6%. Also, you will get some Social Security during your retirement years.
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The word retirement stirs up different thoughts for different people. Some think of moving away to another place, a quiet place, or to the country or to a lake or the ocean shore. Some people think that is when they will have the time to paint, or garden, or work with their hobbies full time. Some want to spend more time with their kids or grandchildren, and some just look forward to not having to go to work every day. And a few people really don't want to quit working -- they don't have anything else to do, they have good health, and enjoy what they are doing.
The first thing to think about when you consider retirement is income. What will you live on? What will you do for income? In retirement, you have three sources of income:
1. Social Security
2. Your retirement plans, pensions and IRAs
3. All your other investments and savings
Peterson Money Books
Book: MONEY Changes Everything, by Erlend Peterson, CFP
Seven Simple Steps That Will Make Money Work For You!
money changes everything | rich by choice | challenge of wealth
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