Schmeg.com
     
 


Schmeg.com

Plan for Needed Income for Retirement from Schmeg.com

Dec. 2005. Bob Cheney
 
Monetary Success:

   

There was a study done by the Social Security Administration.


They randomly sampled 100 people, at the start of their early career and followed them for 40 years until retirement age. The results were both astounding and scary.

Out of the 100 only 1 became wealthy; 4 ended up financially secure; 5 had to continue working, not because they liked it so much but rather out of necessity; 36 were dead; and 54 were dead broke living on their meager Social Security checks, and the charity of their friends and relatives.

This is 5 percent success, 95 percent failure.

So, Plan for Needed Income for Retirement

Related Articles:

How Long Term Care Can Wreck Your Retirement
<p><img class="alignleft" src="http://0.tqn.com/d/retireplan/1/0/2/-/-/-/health-care.jpg" alt="" width="171" height="120" />For all the emotional stress a long term care stay can cause, the financial strain can be equally as disturbing. Despite decades-long diligent saving, an uninsured nursing home stay can wipe out a substantial amount of a retiree's net worth.&#160; Although many think Medicare or Medicaid will help them stave off financial hardship, the truth is far grimmer. <a href="http://clk.about.com/?zi=1/1hc&#038;zu=http://retireplan.about.com/od/howtobegin/a/How-Long-Term-Care-Can-Wreck-Your-Retirement.htm">Learn how long term care can wreck your retirement</a> if you aren't careful.</p>


What Changes Do You Think Are Going to Be Made to Social Security?
<p><img class="alignright" src="http://0.tqn.com/d/retireplan/1/0/5/-/-/-/SScard.jpg" alt="" width="139" height="139" />As a result of the recent debt deal, everything - even Social Security - will be on the table as a possible way to close the enormous budget gap.</p> <p> <script src="http://guidepolls.about.com/retireplan/3599707553/poll.js?linkback=<!--#echo var=">// <![CDATA[ "> // ]]></script> </p>


Is Paying Your Mortgage Like Saving for Retirement?
<p><img class="alignleft" src="http://0.tqn.com/d/retireplan/1/0/H/-/-/-/Home.jpg" alt="mortgages" width="147" height="109" />For most people, a mortgage is their biggest monthly bill.&#160; Although few realize it at first, their mortgage also represents one of their biggest savings each month. Since a part - a growing part - of every mortgage payment represents the repayment of principal, part of that big monthly bill is actually savings.&#160; At the end of the typical 30-year mortgage, you'll own your home free and clear.&#160; Depending on what happens to the value of your home over that time, you might find yourself with quite an asset.</p>...<p><a href="http://clk.about.com/?zi=1/1hc&#038;zu=http://retireplan.about.com/b/2011/08/22/is-paying-your-mortgage-like-saving-for-retirement.htm">Read Full Post</a></p>


Which Political Party Has it Right for Future Retirees?
<p><img class="alignleft" src="http://0.tqn.com/d/retireplan/1/0/O/-/-/-/Government.jpg" alt="" width="149" height="98" />Many of your Congressional representatives have been forced to show their true color as a result of the bickering and bartering over the new debt deal.&#160; With that in mind, which political party do you think is doing the right thing for current retirees?&#160; (<a href="http://clk.about.com/?zi=1/1hc&#038;zu=http://retireplan.about.com/b/2011/08/04/which-political-party-has-it-right-for-current-retirees.htm">I asked a very similar question about current retirees in a past poll</a>.)</p>...<p><a href="http://clk.about.com/?zi=1/1hc&#038;zu=http://retireplan.about.com/b/2011/08/18/which-political-party-has-it-right-for-future-retirees.htm">Read Full Post</a></p>


The Importance of Rebalancing
<p><img class="alignright" src="http://0.tqn.com/d/retireplan/1/0/4/-/-/-/stockticker.jpg" alt="market volatility" width="172" height="108" />It's impossible to predict the financial markets. Why? Sure, economists can do a good job explaining what has already happened.&#160; But with millions of variables, it's impossible to credibly and repeatedly predict how things will move going forward.&#160; Does that mean you should give up on trying to do the smart thing with you investments?</p>...<p><a href="http://clk.about.com/?zi=1/1hc&#038;zu=http://retireplan.about.com/b/2011/08/15/the-importance-of-rebalancing.htm">Read Full Post</a></p>


The New Debt Deal and Social Security – Should Your Retirement Planning Change Due to the New Debt Deal?
<p><img class="alignleft" src="http://0.tqn.com/d/retireplan/1/0/5/-/-/-/SScard.jpg" alt="Social Security" width="127" height="127" />With the debt deal behind us, it's time to pick up the pieces and ask the question: "What happened?"&#160; As it turns out, very little was accomplished, at least as it pertains to the specifics of future changes.&#160; While most of the hard work has been delayed a short while, certain decisions were made. One clear line in the sand was the carving out of Social Security from any automatic reduction in spending. (The same cannot be said for Medicare).&#160; Still, as I discuss in <a href="http://clk.about.com/?zi=1/1hc&#038;zu=http://retireplan.about.com/od/socialsecurity/a/Should-Your-Retirement-Planning-Change-Due-To-The-New-Debt-Deal.htm">Should Your Retirement Planning Change Due to the New Debt Deal?</a> you can expect major changes in the near term to Social Security.</p>...<p><a href="http://clk.about.com/?zi=1/1hc&#038;zu=http://retireplan.about.com/b/2011/08/11/the-new-debt-deal-and-social-security-should-your-retirement-planning-change-due-to-the-new-debt-deal.htm">Read Full Post</a></p>


The New Debt Deal and Medicare – Should Your Retirement Planning Change Due to the New Debt Deal?
<p><img class="alignright" src="http://0.tqn.com/d/retireplan/1/0/6/-/-/-/questionmark.jpg" alt="how will you be affected?" width="113" height="171" />After months of anticipation, the new debt deal was finally passed and signed by President Obama.&#160; Despite voluminous rhetoric, shockingly little was decided by the legislation. Instead, most difficult decisions were passed on to the future.&#160; Still, some portions of the budget have become more likely to be affected than others.&#160; One leading target is <a href="http://clk.about.com/?zi=1/1hc&#038;zu=http://retireplan.about.com/od/alreadyinretirement/a/medicare.htm">Medicare</a>.</p>...<p><a href="http://clk.about.com/?zi=1/1hc&#038;zu=http://retireplan.about.com/b/2011/08/08/the-new-debt-deal-and-medicare-should-your-retirement-planning-change-due-to-the-new-debt-deal.htm">Read Full Post</a></p>


Which Political Party Has it Right for Current Retirees?
<p><img class="alignleft" src="http://0.tqn.com/d/retireplan/1/0/O/-/-/-/Government.jpg" alt="politcal parties" width="128" height="84" />Many of your Congressional representatives have been forced to show their true color as a result of the bickering and bartering over the new debt deal.&#160; With that in mind, which political party do you think is doing the right thing for current retirees?&#160; (I'll ask a very similar question about future retirees in a future poll.)</p>...<p><a href="http://clk.about.com/?zi=1/1hc&#038;zu=http://retireplan.about.com/b/2011/08/04/which-political-party-has-it-right-for-current-retirees.htm">Read Full Post</a></p>


Savings Accounts – Advantages of Savings Accounts
<p><img class="alignright" src="http://0.tqn.com/d/retireplan/1/0/J/-/-/-/piggybank.jpg" alt="Consider a savings account" width="186" height="150" />When the stock market is flying to new heights, no one wants to talk about savings accounts.&#160; Yet when the stock market has a couple of consecutive down days, many people's interest in savings accounts increases.&#160; Of course, the day-to-day gyrations of the <a href="http://clk.about.com/?zi=1/1hc&#038;zu=http://beginnersinvest.about.com/cs/investinglessons/a/aaless1intro.htm">stock market</a> should have no impact on the importance of savings accounts to either your short-term financial plan or your long-term retirement plan.</p>...<p><a href="http://clk.about.com/?zi=1/1hc&#038;zu=http://retireplan.about.com/b/2011/08/01/savings-accounts-advantages-of-savings-accounts.htm">Read Full Post</a></p>


Why Not Increase Your 401k Contribution?
<p><img class="alignleft" src="http://0.tqn.com/d/retireplan/1/0/P/-/-/-/Summer.jpg" alt="increase your 401k this summer" width="228" height="152" />The dog days of summer are here.&#160; In most of the country, it's hot.&#160; I hope you're enjoying the warmth.&#160; The summer is also a time of year people have more time to think. The longer days means more time outside and less television indoors. Summer means more time grilling and, hopefully, less time grabbing fast food.</p>...<p><a href="http://clk.about.com/?zi=1/1hc&#038;zu=http://retireplan.about.com/b/2011/07/28/why-not-increase-your-401k-contribution.htm">Read Full Post</a></p>


I think the Fuji S5100 is a great camera and I highly recommend it

If you wish to make a comment or suggestion, please send an email to cheneys at gmail.com
Schmeg Home

Webkinz Cheats
copyright © 2010 Schmeg.com