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Casual Articles - Is There A Retirement Crisis?
Writing effectively on the internet is the most effective way to achieve maximum profit from your website. You can use effective writing in articles and ads so that you can get traffic to your site. You can write good content on your site and in
Well, if he presently spends $40,000/year, at 3% inflation he’ll need $83,000/year at age 75 and $175,000/year by the time he reaches age 100. In total, he’ll spend about $3 million during the course of h
Types of Artificial Christmas Trees There are significant differences in the two primary methods of branch construction on artificial Christmas trees. It used to be that artificial meant artificial – now artificial can mean real
When our social security system first began making payments in 1940, the average length of collection was 8 years. The present average collection period is 18 years. Furthermore, in the 1950s, there were more than 10 workers for each retiree. Within the next decade, that ratio will drop to 2:1, which will be mathematically unsustainable under our current system. Social security was never designed to be a pension. Its intention was to provide insurance against poverty for the elderly. And yet, the current average retirement age is ‘coincidentally’ the same age that we may first begin receiving social security—age 62. Seems like we’re using it the wrong way!
A Scenario: Healthy male, age 50, loves his job and wants to work until 75. He confidently feels he will live to 100, and he may! What does he need to do to maintain his current lifestyle throughout his 25 years of retirement?
Well, if he presently spends $40,000/year, at 3% inflation he’ll need $83,000/year at age 75 and $175,000/year by the time he reaches age 100. In total, he’ll spend about $3 million during the course of hi
Many people feel very nervous when it comes time for them to present a speech or public performance. Quite frankly, it is amazing that this phenomenon is so prevalent. To overcome these fears, perhaps an examination of reality will help to gai
When our social security system first began making payments in 1940, the average length of collection was 8 years. The present average collection period is 18 years. Furthermore, in the 1950s, there were more than 10 workers for each retiree. Within the next decade, that ratio will drop to 2:1, which will be mathematically unsustainable under our current system. Social security was never designed to be a pension. Its intention was to provide insurance against poverty for the elderly. And yet, the current average retirement age is ‘coincidentally’ the same age that we may first begin receiving social security—age 62. Seems like we’re using it the wrong way!
A Scenario: Healthy male, age 50, loves his job and wants to work until 75. He confidently feels he will live to 100, and he may! What does he need to do to maintain his current lifestyle throughout his 25 years of retirement?
Well, if he presently spends $40,000/year, at 3% inflation he’ll need $83,000/year at age 75 and $175,000/year by the time he reaches age 100. In total, he’ll spend about $3 million during the course of h
Landscaping your home is no small task, but that is not to say that it can't be fun and rewarding as well. Assuming you have done your homework, created a landscape plan, a sound budget, and an affordable shopping list, it is time for your last
A Scenario: Healthy male, age 50, loves his job and wants to work until 75. He confidently feels he will live to 100, and he may! What does he need to do to maintain his current lifestyle throughout his 25 years of retirement?
Well, if he presently spends $40,000/year, at 3% inflation he’ll need $83,000/year at age 75 and $175,000/year by the time he reaches age 100. In total, he’ll spend about $3 million during the course of h
Here comes the insurance adjuster. Is he overly friendly? If so, watch out! It’s OK to be hospitable. Be good-tempered and cordial - - but beware! Never forget he’s paid to save his company as much money as he can. That’s the name of his g
A Scenario: Healthy male, age 50, loves his job and wants to work until 75. He confidently feels he will live to 100, and he may! What does he need to do to maintain his current lifestyle throughout his 25 years of retirement?
Well, if he presently spends $40,000/year, at 3% inflation he’ll need $83,000/year at age 75 and $175,000/year by the time he reaches age 100. In total, he’ll spend about $3 million during the course of h
How's the real estate marketing doing? Is the huge jump in home prices that is evident in some areas symptoms of a value bubble? Good questions, yes?Two things to keep in mind when surveying the market:1. All real estate is loca
Well, if he presently spends $40,000/year, at 3% inflation he’ll need $83,000/year at age 75 and $175,000/year by the time he reaches age 100. In total, he’ll spend about $3 million during the course of his 25 year retirement.
To accomplish this without risk to principal, he’ll need about $1.8 million by the time he reaches retirement, and to do that, assuming he has yet to start saving, he would need to invest, at 9% net interest, $21,250 per year for the next 25 years.
Had he started saving when he was 30, his annual required savings would have been $3,422, a difference of over 600%. So the question is, have you started saving?
© 2005 Matthew S. Clement, All rights reserved
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