Welcome to Financial Planning Guide
Retirement Article
This is a selection made from among articles on Retirement. For a permanent link to this article, or to bookmark it for future reading, click here.
Money Management for Financial Retirement
from:Learning to manage your money while you have more disposable income is one of the greatest gifts you can give yourself when it comes to your retirement. One of the best things you can do in order to prepare yourself for living on a 'fixed' income that goes along with retirement is to establish a budget and spending limit each month and live within that budget. In fact, you might wish to establish a smaller budget than you actually think you will need in order to maximize the effect and add a little padding to your savings account. Over time, the little savings can either provide a nice boost to your retirement fund or a great night on the town as an occasional treat.
Living on a budget is one of the most difficult things that many Americans will ever face. As a matter of fact we have the nasty tendency to live at the very edge of our abilities and over extend ourselves heartily. A good method for learning to create and establish a budget is to make a list of all your monthly spending right down to your miscellaneous expenses and convenience store and break room snacks and stops. Then add up the totals and see where you believe you can cut costs. Of course it isn't enough merely to say you want to cut costs in certain areas, you need to create a plan of action for doing so.
If you are creating greater costs by having an afternoon coffee or snack at work see if you can bring them from home in order cut costs. Cook one extra casserole per week and freeze it in order to eliminate those last minute fast food runs when you simply don't feel like cooking. Take baby steps when it comes to cutting costs and over time you will find that you have learned to live with even less than you thought possible. In fact you can make it fun by making it a challenge. See who can eliminate the most money from the budget each week and actually stick to it.
The thing you do not want to do is deprive yourself to the point that you will eventually go out and undo all the good by splurging. You need to reward yourself along the way for the small steps you have taken. Set goals for saving as well as your budget and you will find that you are much better prepared to budget your money you are confined within that budget. While you were at it, you just might find that you've saved enough to increase your investments enough to bump your budget a good bit when the proper time comes.
You do not have to have an all or nothing approach when you begin learning to manage your money, especially if you are making the effort before you reach the point of retirement. Little things we do on a daily basis that help us make more responsible decisions about our money will become habits over time. Those habits will serve you well throughout life and retirement. They will also help you prioritize your spending once you are living with limited means in order to decide what you can and cannot sacrifice in order to get the most out of life.
Retirement News
Kerry Wood will retire after final appearance - Chicago Tribune
 Plain Dealer | Kerry Wood will retire after final appearance Chicago Tribune Kerry Wood will announce his retirement from baseball after making one more appearance in a game. Ryan Dempster said Wood would like to pitch in Friday's game. "He doesn't want to do it for the recognition ... just to have one last time and know that. Cubs pitcher Kerry Wood announces retirement Cubs pitcher Kerry Wood to retire today Musick: Kerry Wood retirement bittersweet |
New Retirement Age For Judges Clears Panel - Wall Street Journal
 The Star-Ledger - NJ.com | New Retirement Age For Judges Clears Panel Wall Street Journal TRENTON—A proposal allowing judges to serve to age 75—five years longer than the current mandatory retirement age of 70—received a tentative nod Friday from a government panel that oversees the administration of New Jersey's pension and health ... Adjusting retirement age for NJ judges to 75 is under consideration Panel votes for no immediate change to judges' retirement ages ABC27 WHTM Panel: Keep judges' retirement age consistent |
Andy Pettitte Gets First Win for Yankees Since Ending Retirement - BusinessWeek
 ABC News | Andy Pettitte Gets First Win for Yankees Since Ending Retirement BusinessWeek By Nancy Kercheval on May 18, 2012 Andy Pettitte recorded his first Major League Baseball win since coming out of retirement as the New York Yankees topped the Cincinnati Reds 4-0 in interleague play. Pettitte, 39, last won a game on July 8, 2010, ... Yankees blank Reds, 4-0 Preview: Reds at Yankees MLB: New York Yankees 4, Cincinnati 0 |
Deal Hunter: Retirement savings shocker - Washington Post
Deal Hunter: Retirement savings shocker Washington Post Divide 1 million by 40 — the number of years until retirement — and you'll see a nice round 25000. That's how much, in dollars, you'd need to save each year if you were stuffing money under a mattress to save your $1 million retirement nest egg. |
Getting to Retirement With Minimal Financial Risk - New York Times
 New York Times | Getting to Retirement With Minimal Financial Risk New York Times But many people are still depending on the market's engine — perhaps more than they might think — to maintain a comfortable lifestyle in retirement, say, or pay for their children's college educations. While this strategy has worked for many people ... |
Montereau Retirement Community gets stay in tax case - Tulsa World
Montereau Retirement Community gets stay in tax case Tulsa World By KEVIN CANFIELD World Staff Writer A Tulsa County judge this week agreed to consider the Montereau Retirement Community's request that the Assessor's Office be directed to exempt the nonprofit entity from taxation. District Judge Mary Fitzgerald ... Tulsa County Assessor Says Non-Profit Owes $107 Million In Unpaid Taxes |