Because in a defined benefit plan, the benefit relates directly to the number of years you work for a company, the longer you work there, the greater the benefit during retirement.

The cost of early retirement on your pension throughout the rest of your life is something to consider as you make a decision about when to retire. (more…)

It is hard fact that the best-designed 401k plan in the most prosperous investment condition can’t have an enough income for retirement, if the person is not contributing a significant amount to the plan regularly. This problem can be as result as no continuous access to 401k plan, financial instability to contribute due to low salary, other financial priority in life, family and life needs, (more…)

Relatively little statistical research has been done on the factors that influence people’s participation in volunteer activities. Most of the recent information is descriptive in nature: who volunteers, how much time is spent, and the types of organizations for which they volunteer. (more…)

After my parents moved to Florida in the mid-1980s, Mom and Dad would send us the job ads from the Sunday newspaper. In one letter, Mom circled an ad that she thought was perfect. “Look at this one,” she wrote. “It pays $401,000.” On closer inspection, we realized the job offered a 401k retirement savings plan, not a $401,000 salary. (more…)

If you are looking for the answer to how much money to retire… you are asking the wrong question. It should be how much longer can I afford to wait before retiring. The longer you wait to retire the less time you will be retired. That should be a given.

Something the dollars and sense approach to early retirement planning fails to take into consideration is the fact that as (more…)