When Do You WANT To Retire?
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!
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.
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
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