Will you outlive your money?

Will you have enough money in your retirement?? If you’re like many baby boomers, this is one concern you’re all facing.? And it’s not just middle class folks either:

“We have found that even with very wealthy individuals they are nervous
about outliving their money. A big part of our job is to provide our
clients with the facts about their future, and in many cases to
reassure them that their focus shouldn’t be to save money, but to enjoy
life.” said Ted Rechtshaffen, President and CEO of TriDelta Financial
Partners.

Here’s an example:

Retire at 65 and setup a 15 year fixed annuity to take care of you for the rest of your life.? This is how it used to be.? Nowadays, more and more people are living well into their retirement years and are finding they are running out of money.? And that 15 year annuity is not enough.

There are several calculators and options now available to evaluate your financial picture to make sure you don’t outlive your money.? Talk to your financial advisor and see how you stand and what you can do.

-Adam

The site below is geared towards Canadians:

Will You Outlive Your Money?
PR Web (press release),?WA?- Sep 26, 2006
financial planner and financial advisor specialists__title__financial advisor toronto offer investment, mortgages, insurance, retirement planning and estate

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Five biggest mistakes in retirement planning

Here’s an article from a CPA explaining the top five mistakes he sees by most baby boomers and how you can correct them.

Here’s #1:

1)? ? ? ? ? It’s Too Late to Start Planning.
Once you reach your 50s or 60s, many people think that the parade has
passed them by. But Half points to the power of compounding, boosted by
the tax-deferred growth offered by IRAs, 401(k) plans, and the like.
So, building up that nest egg may not be too late.

-Adam

Read the article for the rest:

Don’t Be Tripped Up (WebCPA)

(Sept. 29, 2006) – Alan Haft is the president of 5th Avenue Financial, a financial planning firm based in Boca Raton, Florida.

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Retirement planning – don’t leave free money on the table

With the upcoming pension bill that will make it easier to enroll employees in 401k plans, employees will be less likely to leave free money on the table their employers are offering.

Many companies offer a matching contribution to the 401k plan and if an employee does not enroll in any plan, they lose this free money which acts like an automatic 100% return on your money.? Some companies match up to 6% a year which is a decent chunk of change you could be losing out on.

Here’s how it may work with some companies:

“…the worker will be notified that he or she will
be automatically signed up and invested in a mix of stocks and bonds
geared to long-term savings – referred to as default investment
alternatives.”

Don’t wait til you’re forced in, start investing now.? The longer you have til retirement, the more you stand to make.

-Adam

Business: Retirement planning may get easier (The Nashua Telegraph)

WASHINGTON – The Bush administration unveiled a proposal Tuesday to make it easier for companies to enroll workers in pension plans such as 401(k)s, a move supporters hope will increase participation. … – By JEANNINE AVERSA The Associated Press

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Walla Walla Washington also a best place to retire

And while you’re up visiting Bend, Oregon make a visit to Walla Walla as a best place to retire.

Money magazine calls it the “Napa of the North”

-Adam

Money magazine names Walla Walla a best place to retire

KNDO/KNDU, WA – Sep 22, 2006That’s what Money magazine calls Walla Walla in listing it as one of the five best places to retire. The magazine says the southeastern …


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Bend Makes List of Top Spots to Retire

Bend, Oregon is one of the best places to retire in addition to being one of the best places to live.

“The lifestyle here, having the open space around town, the city has everything along with a great medical center,”

“It’s pretty easy to live outside in Bend year round because of the dry climate,” Strome said.? “The heat is tolerable and the winters are bearable.? You can’t even say that about places like Palm Springs.”

-Adam

Bend Weekly Bend Makes List of Top Spots to Retire

Bend Weekly, OR – Sep 22, 2006… publications as one of the best places to live, so it may not come as a surprise that Money Magazine has now ranked it as one of the top 100 places to retire. …

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Top 10 retirement planning books

Here’s something pretty useful – top ten retirement planning books.

You’ll find books on wills and estate planning, budgeting, how to get organized, and more.

I’d suggest printing out the list and taking it with you on your next trip to the bookstore.

-Adam

10 Top Pick Retirement Planning Books (About.com)

There are lots of books written about retirement planning. These are just a few that I’ve read and feel are interesting and informative enough to share with you. These are…

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Retirement planning the easy way with target funds

When you want advice on retirement planning you can do a lot worse than listening to the folks at Motley Fool, www.fool.com.

This article talks about taking all the hard work out of saving for your retirement.

The idea is target funds.

Let’s say you plan to retire in 20 years.

Your advisor would tell you to invest in a target 2025 fund.?

The further you are from retirement, the riskier the investment mix would be.

As your retirement approaches the investment mix would be more conservative to preserve your gains and capital.

This is a good for people who get headaches when they look at stock charts.

-Adam

Retirement Planning the Easy Way?
Retirement Planning the Easy Way? Motley Fool – Sep 19, 2006By Zoe Van Schyndel, CFA. Target-date asset-allocation funds are designed to be held until a specific year in the future — the year you intend to retire. …

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