O/T Please list your best tips for Retirement Planning

MarieIG · ‎03-10-2010

Hello Beauties,

DH would like to take an early retirement, and I'm not sure how long my health is going to let me keep working. What are your tips to prepare for retirement? Thank you.

Do the math.

Kind1too · ‎11-20-2012

Save! Save! Save! Do as I say, not as I do! ${#emotions_dlg.crying}$ I had to take an early retirement and wasn't prepared.

tends2dogs · ‎05-08-2010

After monetary considerations, have a plan for your day to day activities. In other words, make sure that you have something to do. My husband retired at 67 and he hates it. He is so bored. He found a part time job while we are in Florida and does some maintenance on rentals that we have while we are back north for the summer.

I have been a homemaker for our entire married life (over 36 years). I am kind of a lost breed in this day and age, but we really don't ever retire either. ${#emotions_dlg.huh}$

Fear not Brothers and Sisters! I have read THE BOOK..........we win!!!

MarieIG · ‎03-10-2010

Kind - I have been putting money in a 401(k) - no employer match, although I'm sure I could save more.

tends2dogs - I can see how that could happen. I have been working at least 50 hours a week for years, with little time off. It's as if I don't know how to not work.

Do the math.

BrerRabbit · ‎04-16-2010

Turn off Q

jlkz · ‎12-02-2013

Suggest you talk with a stock broker and stipulate that you want solid income with low risk. CD's and savings accounts pay negligible amounts. Unlike mutual funds, there are no monthly mgmt. fees with stocks. There's a fee when you buy the stock and when, if, you sell it. If the stock splits, you do not pay any fees. Make sure the dividend rate is consistent: a few of my stocks are getting almost 9%. Most average 3 - 4%. Obviously you shouldn't put all your money in the stock market. H T H.

We make a living by what we get. We make a life by what we give.
Sir Winston Churchill

gazelle77 · ‎03-01-2013

On 8/29/2014 MeAgain said: Turn off Q

ITA!

MarieIG · ‎03-10-2010

On 8/29/2014 MeAgain said: Turn off Q

I'm buying less than I used to (not so tempted by the jewelry anymore) but they still do get me once in a while!

Do the math.

Campion · ‎10-21-2011

Please see a professional about this. The decisions you make early will determine how good a retirment you enjoy.

MarieIG · ‎03-10-2010

On 8/29/2014 jlkz said: Suggest you talk with a stock broker and stipulate that you want solid income with low risk. CD's and savings accounts pay negligible amounts. Unlike mutual funds, there are no monthly mgmt. fees with stocks. There's a fee when you buy the stock and when, if, you sell it. If the stock splits, you do not pay any fees. Make sure the dividend rate is consistent: a few of my stocks are getting almost 9%. Most average 3 - 4%. Obviously you shouldn't put all your money in the stock market. H T H.

Wow! That's a big return. I saw an annuity specialist at the bank today, he was giving out "free" advise, and the return was about 3.5 % for a joint and survivor. There was a 4% commission, and of course unlike the stock, you turn your money over to the insurance company.

Do the math.