Category Archives: retirement saving

retirement saving

Retirement Planning Tips

There are many people who will offer you a retirement planning tip to help you achieve the retirement you’ve always wanted. Of course, not all this information is good. You need to realize that the most important part of your retirement planning, is your investing. First of all, you have to come up with your own definition of what retirement is, and what this stage in your life will look like.

Are you are willing to spend the rest of retirement in physical and mental inactivity? Will your 401k and savings last for the rest of your days? Will you have to continue to battle escalating debt, well into your later years? Can you challenge credit report items to better-manage your debts? If you’re not clear on what the answers are to any of these questions, you need a retirement plan. Go to for more info.

Most people pay very little attention to their investing activity, and simply let their employer handle where their 401k (and other retirement money) goes. Knowing this information yourself is crucial, because without understanding investing and knowing the best places to put your money, you will never achieve your retirement goals and lifestyle.

Of course, without having a specific plan in place, investing is all but useless. First of all, you need decide what kind of house you want to live in, and the overall lifestyle you wish to live, when you retire. When you know this, decide how much money it will cost you.

When you have all this information, only then should you begin exploring investing options. For instance, if you need $1 million in the bank by 2030, your investing choices will be different than if you knew that you only needed $300,000 in the bank.

Also, make it a point to develop a strategy to manage debt, during the pursuits of your financial goal(s). To do this, go to to learn the ins & outs of filing a dispute on credit report entries – as it can reveal how to organize your debts, so that you’re not at the mercy of bills, in your retirement years.

Overall, the main point is to find out how much money you will need when you retire, and find the right investment vehicle for you to help get you there. Of course, this vehicle will be different for everybody depending on their retirement needs; there is no right or wrong answer to where you invest. You can invest in real state, the stock market, mutual funds, bonds, etc. It really doesn’t matter.

When you invest however, remember that the bottom line is always about the numbers. This is the number one retirement planning tip that (pretty much) everyone misses. Believe it or not, most investors never look at the financial situation behind the investments they are considering.

For example, in the stock market, many investors will simply look at how a stock price of a company is doing, and jump aboard only because the price is going up. There may be no profits, at all, behind that particular company (in fact there often aren’t), but they will still invest anyway, because their stock broker called them up and told them to do so.

Don’t ever take this approach with your investing. Remember that whether you are investing in real estate, the stock market, foreign currency or whatever – always sweat the math. Before you invest, always look at the numbers and make sure there’s profits in whatever investment you plan to do, whether it be real estate or the stock market. This is probably the most important retirement planning tip you will ever get, because without knowing the profit margins of the investments you’re considering, you’re just throwing money at an investment, hoping that it will throw more money back!

This is by far the most important aspect of investing, and the only way to ensure long-term success. Don’t ever jump aboard a particular investment just because someone hypes you up on it &  gave you a tip that “can’t lose” or because an investment looks good – if the numbers aren’t there now, they (likely) never will be.

So to recap the process: formulate your plan, figure out how much money you’ll need to achieve your retirement lifestyle and then find the right investment vehicle to get you there. When looking for the right investment, look only at the numbers. Follow this important retirement planning tip, and you’ll achieve the retirement you’ve always wanted, no matter how lofty or ridiculous you think your goals may be.
Those who do plan in the pre-retirement phase, and approach retirement optimistically, will set themselves up for a happy & secure lifestyle during their Age of Fulfillment phase. Take pride in following-through in achieving your life goals – whether you’re making your rounds at charitable organizations or engaging in hobbies with friends.

With more baby boomers hitting retirement age, they are buying RVs for luxury retirement travel. Before making any significant retirement plans or tax strategies, consult a financial planner or tax advisor at ; and while your at it, learn your experian credit rating, to use techniques on how to improve your credit score and handle debt. Follow these simple steps and retire financially secure – and in style!