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What Is Retirement
Winston Churchill reached the age of 65 with no significant achievements. He received recognition after he became a prime minister and made his famous speeches.
Gioachino Rossini, on the other hand, wrote his 39th and final opera, "Guillaume Tell," and ... retired. Rossini was clear about his intention to retire years earlier - Stendhal wrote in a letter to a friend in 1819 that Rossini was eager to stop working at 30. Between these extremes is the ever more popular semi-retirement. It is clear that, as a society, we are moving towards more flexibility. And we want our preferences and our choices to be respected.
People reaching retirement age now are healthier and more educated than ever before, and, depending on the poll, between 66% and 75% of them intend to work because they need money or want to contribute. Only 25% actually do work past the standard retirement age of 65; polls show they expect to never retire at all.
Looming Retirement, Enormous Anxiety
80% of Americans worry about retirement, shows a University of Nevada study. 44% of Americans have little or no confidence they will be able to retire in comfort, according to the AssociatedPress-Life-Goes-Strong.com survey. The poll showed that just 11% are strongly convinced they'll be well off when they retire. Nearly 6 in 10 said their nest eggs shrank during the recession, and 42% of those said they'd have to put off retirement because of it. About a quarter of baby boomers say they have no retirement savings, with the exception of their homes. Median savings are down to $40,000, and almost two-thirds expect to rely on Social Security for most of their retirement income. We are in need of creative, smart solutions to this problem.
Retirement Planning and Worrying
Eighty percent of retirement planning consists of worrying. In particular, worrying about money. When almost everyone is currently experiencing losses which negatively effect their retirement savings, it is hardly surprising. more ...
How to Find Motivation for Retirement Planning
The majority of Americans do not plan for retirement, even though it is an essential part of their financial security. Here are a few suggestions for finding the motivation, or the energy, to start on your path to prosperity.
What’s at Stake
If you do not want to be among 80% of Americans who worry about income in retirement, and if you would like to create the wealth necessary for the peace of mind and the realization of dreams that you have for the second half of your life, you need to find the motivation to think ahead and take the right action now.
Why planning is important Research studies prove that planning is a very strong predictor of wealth. Annamaria Lusardi, a professor at Dartmouth College, came up with a few studies revealing that those who do not plan get close to retirement with half the amount of wealth than those who have done some planning – HALF! (Annamaria Lusardi, 1999, 2009; Lusardi and Beeler 2007, Lusardi and Mitchell, 2007, 2009; Ameriks, Caplin, and Leahy, 2003). Planners are more likely to experience a satisfying retirement because they have higher financial resources to rely on. Renowned psychologist Abraham Maslow put safety and security at the foundation of the Pyramid of Needs. This is just common sense. Spending every day of your life in retirement worrying about money is not going to be a satisfying experience. more ...
Will your pension be enough to live comfortably?
Have you given any thought to how comfortable your retirement is going to be? The technical term describing your level of comfort is the replacement ratio. It describes the proportion of your average lifetime earnings that your pension will pay out. For example, if your average salary was $100,000 a year and your...
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By The Numbers - Rankings, Stats and More
Release Date:2011-10-10ReviewCritical.com Sales Rank: #10423
Category Rankings:
#1241 in Self-Help
Price:
Refund Period: 60 days
Vendor ID:JOYC0MPASS
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- Website: http://www.joycompass.com
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Vendor Updates for Affiliates
Product description updates for affiliates (sales partners) by the owner. Usually short 1 sentence descriptions, with some stats focusing on the profitablitiy of the product trying to convince affiliates for promoting it.- 2011-10-12 : Books and seminars on retirement. Includes topics related to quality of life in retirement, e.g. managing change, entrepreneurship, etc.
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