Retirement Problems and You? Stay Retire Fast for Retirement!
Several potential retirement problems are faced by retirees:
1) Pensions used to be a secure source of retirement income. Unfortunately, that is no longer the case. Several major companies in the steel and airline industries have already defaulted on their pension plans. There is speculation that the next major industry to default on their pension plans will be the automotive industry, including both automotive manufactures and automotive suppliers alike.
2) Assuming that Social Security is secure, from the U.S. government's own web site, "...Under current law, if you have average earnings, your Social Security retirement benefits will replace only about 40 percent, so you'll need to supplement your benefits with a pension, savings or investments."
3) Most financial experts say you need at least 75 percent of your pre-retirement income in retirement to live comfortably in retirement.
4-7) Bob's free retirement calculator can help you to create your retirement income plan. Using the retirement calculator, you can view your retirement savings balance and plan your withdrawals for each year until the end of your retirement. The results of your input assumptions are revealed instantly.
8) Sign up for the Financial Tips & Hints newsletter which provides investment education in easy to understand terms, to help you, the individual investor. The service is absolutely 100% FREE for everyone. Providing intelligent retirement information is our passion.
Through the Financial Tips & Hints newsletter, you will become informed and empowered to take over control of your investments. Topics covered by the Financial Tips & Hints newsletter include:
In addition, Financial Tips & Hints newsletter subscribers are encouraged to submit questions or topics you would like to see covered in the newsletter. Try Bob's Free Retirement Calculator by clicking on the blue button below.