RETIREMENT AND MONEY, Saving for Retirement,

The key to a happy retirement is to have enough money to live on, but not enough to worry about.
- Unknown Wise Person

Research has shown that nearly half of all workers in the United States have less than $25,000 in total savings. Even more startling is the fact that slightly more than one in five workers say they have no savings of any kind...



easons Why You Should Save for Retirement

* Because you don’t want to work forever, and you will ultimately be responsible for paying for your retirement.
* Because you want to have enough money saved for a comfortable retirement.
* Because you don’t know how long you will be able to work.
* Because you don’t know how long you will live.

In 2006 Gallup identified the top 10 sources of retirement income available to Americans.

1. 401(K) & other retirement savings accounts
2. Home equity
3. Pension plans
4. Social security
5. Bank accounts and certificates of deposit
6. Stocks and mutuals funds
7. Retirement jobs
8. Annuities or insurance plans
9. Inheritance
10. Rent and royalties


Retirement Income Resources

1. Retirement Income Calculator: Take an edcuated guess at how much money you will have to spend in retirement by estimating your retirement benefits at this U.S. Government website.

2. Budgeting & Savings Tips For Retirees: Financial advice on the right way to change spending habits and learn why the wrong ways don't work. Budgeting is an important tool to use at any age, although to many of us it sounds like a four letter word. Practical ideas for budgeting and saving that make managing expenses easy.

3. Fiscal Fitness for Older Americans: Stretching Your Savings and Shaping Up Your Financial Strategies. Advice from The Federal Deposit Insurance Corporation which has been publishing FDIC Consumer News quarterly since 1993 to help people protect and stretch their money.

4. National Save for Retirement Week : National Save for Retirement Week is a key event employers use to inspire their employees to save more for retirement.

5. Retirement Saving Tips: From the Choose to Save Website.



Quotes about Retirement and Money

Retirement can be a great joy if you can figure out how to spend time without spending money.
- Author Unknown

You can be young without money but you can't be old without it.
- Tennessee Williams

I advise you to go on living solely to enrage those who are paying
your annuities. It is the only pleasure I have left.
- Voltaire (in retirement)

Retirement: The time in your life when time is no longer money.
- Unknown wise person

It's an absolute fact that as people get older they spend less money.
- Rick Ferri president of money-management firm Portfolio Solutions in Troy, Mich.