June 9, 2008
It’s Time for Retirement Planning
At first, he was hesitant about investing for retirement which seemed so far away. How will you negotiate the ebb and flow of retirement? In addition, the traditional retirement age is moving up, and more people are likely to work part-time after retirement, thus increasing the risk of a disability later in their life.
Try Workforce Reduction alternatives; such as, voluntary severance, and early retirement, additionally, there are annuities that have bonuses (sometimes good, sometimes bad), annuities with tuition credit for your children or rand children, and annuities that can be used to help a charity, your kids’ education, and your retirement all at the same time. In addition to the $4,000 limit mentioned above, contributions to traditional IRAs can be further limited when the individual (or spouse) is an active participant in a retirement plan maintained by an employer.
For a retirement dinner, consider creating a slide show featuring the guest of honour’s accomplishments. At the state retirement age of 65 the average man will have some 19 more years to live and the average woman, 22 years. Adjust your work pace as retirement nears Take time to adjust Renew and rediscover relationships on your journey make the most out of […]
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