Do you know how much money you need to save for retirement? Can you be sure that you'll have enough money to live comfortably and worry-free during retirement?
If you're already approaching retirement age, you should have a clear picture of how retirement will look like for you and how much money you need to have saved up until then.
Although there are no general guidelines when it comes to h... ››› more
By now, you should probably be saving as much as you can for retirement. If you aren't already, you should be taking advantage of your employer's contribution fund.
And, if your employer doesn't offer this, then you should be planning for your retirement yourself.
To plan correctly, you need to have some knowledge of the retirement industry.
So, here are some surprising facts about ret... ››› more
Many people feel unprepared when it comes to retirement. The simple thought of retirement can cause people to feel anxious and overwhelmed.
To prevent these feelings and become more relaxed when approaching retirement, you need to plan ahead wisely and avoid making some very foreseeable mistakes.
The following retirement planning mistakes are very common, but the good news is that they can... ››› more
Whether you're heading towards retirement or you're still young, it's never too early to start saving for this period of your life.
Increasing your retirement savings should be a priority, especially if you've only got a few years to go until you retire.
With so many monthly expenses, it may seem practically impossible to put aside money for your retirement. The good news is that it can be ... ››› more
For many, retirement seems like a dream come true. You have all the time in the world to do whatever you fancy, you can travel the world, visit relatives, take up new hobbies, and treat yourself to everything you've ever dreamed of.
However, not everyone retires happily and comfortably. Sometimes we are forced to take drastic measures to adjust to retirement, simply because we haven't saved en... ››› more
When you're in your 20's or 30's, you're probably not considering saving money for retirement. You may have student loans to pay or credit card debt and retirement seems so distant, it makes no sense to start saving now.
But what if I told you that starting to save early for retirement is one of the best things you could do to secure your financial future?
The sooner you start, the better off... ››› more
If you've reached retirement or are getting very close to retiring, you know by now that the sooner you start saving for this period, the better.
How much money you'll have when you retire largely depends on how you've lived your life up to that point. If you've made sound financial choices all your life and have managed your money well, then your chances of retiring comfortably increase.
W... ››› more
Retirement shouldn't take you by surprise.
The problem is that most people do not have nearly enough money saved up for retirement. If you're in your 50's or 60's, there are no shortcuts - you have to take action now.
You can maximize your retirement savings and make sure you have enough money to live comfortably for the next 20 years or so after retirement by acting responsibly and planni... ››› more
Are you pushing 50 and still haven't managed to save much for retirement?
Although time is of essence, you can still make up for the lost time, as long as you are willing to make certain sacrifices.
If you feel that time is not on your side and that you should make some serious changes to prepare for retirement, here are some tips to get you started.
Start saving big. NOW.
If you hav... ››› more
Retirement is the time when you should enjoy yourself and do all the things you've always dreamed of, but never had the chance.
Retirement is also the time when you can relocate, change your lifestyle completely, and move to an exotic, far-away land.
Not all retirees can afford expensive destinations for retirement, so here are some more inexpensive options you can consider.
Affordable ret... ››› more
Are you in your late 40's or 50's and worried that you have not managed to save a substantial amount for retirement?
Even as a late starter, you can still make up for the lost time, but you have to act fast and start saving much more than planned.
It may be time to take some drastic actions, but it will all be worth it when you retire.
Here is how to catch up on your retirement savings... ››› more
Saving for retirement should be a lifetime goal. However, due to a lack of proper planning or resources, most people do not save even half of what they should be saving for retirement.
If you've just started saving for retirement or are approaching your golden years and want to give your savings a boost, here are some tips to keep you on the right track.
Retirement savings tip #1: Save more, ... ››› more
Planning for your impending retirement isn't an easy task. After the financial crisis, many investors are worried about what the future holds on the markets. But there is a way you can invest your money for retirement and reduce your risk. This retirement plan does this by starting with a solid base. Let's take a closer look…
Retirement plan step #1: Risk
All investors have different attitud... ››› more
When you reach retirement age, one of the things you want more than anything is to travel.
Now is your chance to travel the world, or at least see a few of the places you always wanted to see, but never managed.
But what happens when your retirement income doesn't allow you to travel as much as you would like to?
All those trips you have planned are quite expensive and unless you managed... ››› more
When you think of retirement, you probably imagine it to be the most relaxing, carefree period of your life, a time of bliss and freedom. Yet, this is not always the case.
Retiring can be quite a challenging time for some people, especially for those who have focused all their energy on their work.
For people whose work provided a self-esteem boost, confidence can become quite shaky once th... ››› more
If you're decades away from retirement, you're probably not putting in much effort in planning for that period. But the closer you get to retirement, the more you'll wish you had started planning and saving earlier.
Planning for retirement is extremely important if you want to enjoy your golden years to the fullest. Lack of planning can lead to a chaotic lifestyle once you reach retirement and ... ››› more
Trying to ensure that you have enough money in your retirement pot can be an arduous task.
You don't want to get to a year before retirement to find out you have a large shortfall in your savings.
And that's where the ‘annuity factor' comes in. This can help you work out how much you should be putting away a month to achieve your retirement goals.
Read on to find out what to do…
... ››› more
It is generally believed that you should save at least 10% of your income for retirement.
How much you need to save in order to have a happy, comfortable life during retirement depends on many factors, including: the age when you start saving money, your forecasted monthly expenses, and whether or not you have other sources of retirement funds.
It is best to start saving for retirement as e... ››› more
Whether you're close to retirement or have a long way to go, it's never too early to begin investing and saving for the golden years. Actually, the sooner you start, the better.
Not even one quarter of retirees feel that they have enough money to live comfortably during this period, so it's important to plan ahead wisely and prevent mistakes that could cost you dearly once you do retire.
Her... ››› more
If you're already ploughing money into a pension fund, that's a great start. But how can you expect your pension to perform over the years? After all this affects how much your pension pot is going to grow over the years. And it ultimately affects how much money you have once you retire. Let's take a closer look…
What performance to expect from your pension fund
Your pension fund provider mi... ››› more
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