Unfortunately or FORTUNATELY I did not start to think about retirement until I was in my mid50s....now I suspect I will not retire as I never found anything I liked to do more than what I already do....Silly me!

 

Via Ilyce Glink (Think Glink Publishing):

Despite what you might believe, your ability to plan your retirement is dependent on what you do today. Financial adviser Roger Wohlner explains in today's Equifax Personal Finance Blog post some great tips to keep in mind as you plan your retirement savings strategy.

What's more important, investments or savings? There's no right answer but the key is a balance between the two.

Questions to ask yourself when developing your retirement savings plan:

  • How much will you need to meet your retirement benchmarks?
  • How much will you be able to save each year?
  • How much risk are you comfortable with?

 

Ultimately, your retirement savings strategy will depend upon your comfort zones and planning. Set goals then closely monitor their progress, adjusting according to your investment results.

Read the full post here.

 

 

Ilyce Glink is the author of several books, including 100 Questions Every First-Time Home Buyer Should Ask and Buy, Close, Move In!. She blogs about money and real estate at ThinkGlink.com, The Equifax Personal Finance Blog and CBS Moneywatch She is Chief Content Strategist at RealtyJoin.com, a community for real estate investor

 

Wallace S. Gibson, CPM * GIBSON MANAGEMENT GROUP, Ltd.

LandlordWhisperer

View our available Charlottesville, Albemarle and Lake Monticello rental homes online with photos and floor plans


"...to be a Virginian, either by Birth, Marriage, Adoption, or even on one's Mother's side, is an Introduction to any State in the Union, a Passport to any Foreign Country, and a Benediction from the Almighty God...." Anonymous

 

 
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6 Comments on When Do You WANT To Retire?

APR
20
2011
557,602 Points 31 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Hi Wallace,

I was totally ready to retire - in 2009!

However, the great Obama depression wiped that all out.

Now? Who knows?

Working as hard as I have ever worked, and see it going into the future for a while...

Thanks for the repost

PHil
5:02am • #1
1,012,482 Points 84 Featured Posts Called Shot Master

Believe me, I would retire tomorrow from my Property Manager job and just concentrate on my decorating and staging.................now that would be fun.
5:36am • #2
335,782 Points 1 Featured Post

I've tried sitting on my butt, doesn't work, need to keep busy.
6:41am • #3
562,650 Points 6 Featured Posts Outside Blog

I tend to be more the mentality of Tim Ferris in the book 4 Hour Work Week. I would rather take lots of mini-retirements during the younger years than save it all up for some grand ending when I am an old man.  Wouldn't it be better to take 2-3 months off a year in your 30s, 40s, 50s, then to wait until you are 65 or 72 ?  Especially with laptops, Ipads, and other mobile devices it is possible if you learn how to automate and delegate tasks.
8:03am • #4
872,278 Points 5 Featured Posts

Wallace,

 

Very often, the needs of daily living erode the nestegg. So, this takes some careful planning.

 

Brian
8:10am • #5
487,093 Points 12 Featured Posts Outside Blog Called Shot Master

I think it is so  important to plan for retirement.  Thank you for your post. 
5:44pm • #6

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Wallace S. Gibson CPM *, LandlordWhisperer (Gibson Management Group, Ltd.) Rainmaker_large

Wallace S. Gibson CPM *

LandlordWhisperer

Charlottesville, VA

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Gibson Management Group, Ltd.

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