In just a few years, the first of an estimated 77 million Baby Boomers will become eligible for benefits and will have to make that decision. A full 32 percent of the workforce has no retirement savings set aside and 80 percent have no private pension. About two thirds of retirees receive 50 percent of their income from Social Security. Today about 20 percent of Social Security recipients rely on their checks as their sole source of income. Taking the Social Security check early at age 62 versus age 65 currently costs recipients 24 percent of their monthly social security benefits and that penalty is going up to 30 percent. Unexpected taxes and additional penalties can literally take away the rest. (more…)

When someone is entering retirement, it can be identified as a long sigh of relief from the stress of work routine. It is the time to free someone’s from work and enjoying life. The retirement age is the age at which you are free to work and follow your heart, for the rest of your life! Who gave a thought that life after retirement from the planning of their financial resources, usually early retirement and early retirement benefits? What to do after retire? But not all are so good, old in planning for retirement and has no chance to retire at age 40 or 50 years and live a peaceful life to come! (more…)

How much do you need? How much do you already have? How much time do you have to save? These are the questions that lead you to a successful retirement saving plan. A well-thought out and diligently followed plan leads you to your goal. This section walks you through the major steps in planning for your post-retirement financial needs. (more…)

How much money to retire do you need? How much do you already have? How much time do you have to save? These are the questions that lead you to a retirement saving plan. A well-thought out and diligently followed plan leads you to your goal. This section walks you through the major steps in planning for your post-retirement financial needs. (more…)