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Want to Retire? How much money will you need?

Hi Folks,

I am retired. I have been retired for six years (Gosh! It doesn’t seem that long!), and I am here to tell you -  from experience – that if you don’t have one million dollars, a part time job, or a side-line business, don’t retire! 

I have another blog – www.retirementonabudget.com- and each day the most visitors I get to that blog arrive there from a Google search “living only on social security” or similar search term.

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Popularity: 10% [?]

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How to Ease Into Retirement

Hi Folks,

I debated whether to post this article in this blog or in my other blog, Retirement on a Budget, but as it’s such an insightful little article I just might publish it in both. :-)

Woody

Easing Into Retirement

By Liz Koh

Retirement is something to look forward but ensuring that the experience lives up to your expectations requires some forward planning.

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Popularity: 6% [?]

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Eight IRA mistakes to avoid at tax time

Hi folks,

Here is some sound financial advice from a Certified Financial Planner and you won’t even have to pay for it. :-)

I hope you are having a great day,
Woody

(ARA) – Saving more for retirement is always a good idea, especially now. In 2009, the Employee Benefit Research Institute estimated that Individual Retirement Accounts (IRAs), a cornerstone of retirement savings, sank to a median value of less than $29,000 post-financial meltdown. That leaves many Americans working even harder to recoup their losses and stay on track to make retirement a reality.

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Popularity: 3% [?]

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LIVING ON SOCIAL SECURITY

Hi Folks,

The following article was published February 16, 2009 in the Dollar Wise blog of the dallasnews.com (The Dallas (Texas) Morning News website).  This article is about retirees that are truly living on a budget. I thought you would like to read it.

I imagine that a lot more retirees can relate to the folks in this article today than could a year ago when it was first published. And I imagine that a lot more retirees are living only on social security that don’t want to admit it.

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Popularity: 11% [?]

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RETIREES AND REVERSE MORTGAGES

Hi Folks,

We’ve sure been hearing a lot about reverse mortgages lately. Reverse mortgages have been around for quite a while but they haven’t been pushed near as much as now. Many retirees have lost so much in this recession that they are looking everywhere for help, and a reverse mortgage offers that help. So that is a good indication that someone is making lots of money off other people’s pain and has opened another door for wolves in sheep clothing to “come to the rescue”. 

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Popularity: 1% [?]

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